Does the $2k in Oakland include bars on the windows and an armed guard to escort you to and from your car? What a complete joke the bay area has become.
yeah it is going to be tough as far as rent increases as companies are asking employees to come back to the office which means that they need to find living areas close to the campuses so that they can commute 1-4 hours on the day that they come to work, without any pay salary increases that would match the increases in rent prices. Hope that makes sense but rent situation would not be such a constraint if employees are not force to come back either fulltime to the office or 2-3 times a week as the cost of everything has increased and employees actually had to move to other cities to afford rent after the pandemic. now they have to shift their daily lives to make ends meet.
This report could have fooled me. It took forever to get a new decent tenant after the eviction last year. I would love to have people fight for my rental.
One thing to allow prop 13 to enable people who actually occupy their homes to be able to reside where they live. It’s quite another thing entirely to allow people to have prop 13 tax liability alongside the highest tiered rent in the country! Any local leaders going to address this huge imbalanced canyon here? Anybody willing to speak of “unfair advantages” outside of men playing in women’s sports? Think of you’re born a couple of decades of prop 13 was passed and now your land lord has an extremely low tax bracket and you are paying extremely high rents.. that would be an extreme example of an unfair economic advantage in favor of anyone who was born at a certain time. And also 55+ communities are the only legal means to discriminate in the housing market. Economic Ageism indeed.. in favor of the older ones. These sorts of land lords better fix up every little thing with no mold etc or else that’s another issue entirely aka extortion
@@MiMiiViVi it is your opinion that there aren’t any rental properties that are benefiting from prop 13 in the Bay Area like how I described? Who enforces that?
trust me if long term landlords have to pay higher taxes you have to bet that will be passed on to the tenant one way or another so be careful what you wish for. I for one would love to have everything provided at cost with no profit to the vendor but that is not how the world works. Why should housing be any different? Please blame the politicians and their nimby constituents as well as more affluent people who are willing to pay more than you for housing instead of housing providers who are just charging the market price.
@@CoolHand273 so then.. prop 13 does indeed apply to long time home owners who have their homes assessed at around 1% of 100,000$ and are now collecting the highest tiered rent in the country. All I said is that this dynamic is not “enabling people to stay in their homes” and it’s another thing entirely to have an income producing property be taxed like we’re saving people from moving away, and if these sorts do not keep up with maintenance.. well then there’s a special place in h$ll for them because that’s entirely ludicrous and disrespectful.. extortion etc etc. the message is “we can’t afford it” then you go outside and the message is “I think I’ll get a new cyber truck”. So yeah I think the wealthy would be able to help fix the roads and hospitals more without too much detriment yes.
@@CoolHand273 prop 13 is the single biggest factor driving up the cost of property here. people are not willing to give up their homes as easily if they are sitting on vastly cheaper property tax than what they should be paying. it's the same issue as why the supply of homes cratered once interest rates increased. no one can move because to do so means a new loan at higher interest rates. prop 13 might increase taxes in the short term but it also completely wipes the slate with the dysfunctional housing market and actually allows it to function more normally.
The population in the Bay Area is overcrowded. It's too concentrated and dense. More people mean more demand and competition for Owners and Renters. There is not enough space to accommodate the number of people looking for a place to stay.
This is proves the people who say building more housing will decrease the rents due to supply and demand. Mountain View is the only city in Silicon Valley on track for their new apartment building goals for affordable housing, but now it's the most expensive place in the Bay Area. There needs to be fair rent control. You can't simply just build, build, build as you see people will just move from other places and flood the market again causing prices to soar
@Msnanamac - new homes mean higher rents... this is what people have to understand. And rent control acts will only slow/stop new home construction... construction of homes is very expensive... even before construction... fee for survey, Architect, civil engineer, structural engineer and then the city fee... all these cost minimum 50k... might be much more...
@@praveend6839just the permit on my last project was $50K. everything else you speak of tacks on even more. Everyone has their hands out but people can only pay so much for the finished project.
No religion of any kind can save humanity from themselves. Besides... when you get down to it, terrestrial existence is utterly meaningless. That is... unless you're already filthy rich. In that case, you're obviously invincible; sky's the limit--even into the afterlife! 💪😎✌️
Was, not anymore. Homeless are everywhere. No tents yet but broken down RVs line some streets. I hate it here, but I can’t move for a few more years sadly…
