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Story of vacant lot on SF's Nob Hill could help explain city's ongoing housing crisis 

ABC7 News Bay Area
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We often hear about how San Francisco needs to build more housing, so why has a prime location sat vacant for decades? Our media partners at San Francisco Standard took a closer look at how the story of the vacant Nob Hill lot could help explain the city's ongoing housing crisis.
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#sanfrancisco #housing #affordablehousing #realestate #vacant #abc #abc7news

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1 ноя 2023

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Комментарии : 119   
@scrappydoo9
@scrappydoo9 7 месяцев назад
The way the city manages itself will correct the housing crisis. With thousands leaving and moving out of San Fran each week, it will self correct. You are already seeing condos sitting vacant ~ no buyers since crime and homeless keeps worsening.
@kennethtran4706
@kennethtran4706 7 месяцев назад
best time to invest is when everyone is running away
@user-zu3md5qz8y
@user-zu3md5qz8y 7 месяцев назад
GET READY FOR THE SQUATTERS OF PARADISE
@eile4219
@eile4219 6 месяцев назад
It's not housing crisis. It's by design, they don't want people to build houses in SF.
@415_Stand-up
@415_Stand-up 6 месяцев назад
That's a lie whenever someone moves out of sf or closes down a business 90 percent of the time Chinese buy it for a bargain
@anthonyjones9868
@anthonyjones9868 3 месяца назад
🤣 💩
@dng2000
@dng2000 7 месяцев назад
I still say its neighboring property owners will strongly oppose any development of that lot. It's been that way this whole time to this very day and it is what it is. I wouldn't buy or invest in that lot too if I was a multi-billionaire knowing that I won't be allowed by the City and County of San Francisco, yielding to NIMBYs, to build anything on that piece of land.
@thesadboxman
@thesadboxman 7 месяцев назад
Nice segment highlighting any interesting story. Actually made me want to read what happened.
@wm6746
@wm6746 7 месяцев назад
There are officials holding it up. Who are they?? why reporters don't name them? so people can vote them out
@leeo268
@leeo268 7 месяцев назад
Ed Lee got named, but he is dead already.
@mr.b3168
@mr.b3168 7 месяцев назад
Ed Lee
@vhsstillok
@vhsstillok 7 месяцев назад
They are democrats so they will get re-elected regardless
@jannyzhingaz9562
@jannyzhingaz9562 6 месяцев назад
edd Lee probably sold the right to some offshore hedge found it left it for his kids
@alanbailey9313
@alanbailey9313 7 месяцев назад
$13.5 million in land cost before site preparation is almost $242,000 per unit just for the land for the 56 possible units. That alone will take the selling price of finished units out of the "affordable" range for a lot of people.
@eile4219
@eile4219 6 месяцев назад
You forgot that you need to spend millions more on legal fees and possible court fight and lose. Then you just 13.5m for land that you can't use
@rum-ham
@rum-ham 3 месяца назад
They aren't going to build affordable units right there in Nob Hill. Those will be in the 1.5 - 4 million range each.
@claypidgeon2808
@claypidgeon2808 7 месяцев назад
With a story like that they should make that vacant lot a historical landmark.
@leeo268
@leeo268 7 месяцев назад
A story of radical NIMBYism. Then the landmark will be perfect for blocking development for another 100 year.
@damnjustassignmeone
@damnjustassignmeone 7 месяцев назад
lol, don’t give them ideas
@bengaltiger96
@bengaltiger96 7 месяцев назад
Even better, just turn it into Ed Lee Park.
@chuckefunn8624
@chuckefunn8624 Месяц назад
😂
@brentfisher6484
@brentfisher6484 7 месяцев назад
What a terrific story and insight into San Francisco's long time housing problem. As goes Omar Kahans....Wow! One amazing restaurant when it was in its heyday. I have very fond memories of dining there as a young boy and later as a resident and 20 something in the 70's.
@TenTenJ
@TenTenJ 7 месяцев назад
Why did Mardikian name it an Islamic name? Being a victim of the Armenian Genocide, he must have had Stockholm Syndrome. Yet he was probably serving Armenian food at the restaurant.
@kohort1
@kohort1 7 месяцев назад
That plat will not make a dent in supply
@shrimboi8909
@shrimboi8909 7 месяцев назад
I don' know if that's really the case because they are bulldozing buildings everywhere I look in SOMA to make room for luxury condos/apartments.
@chromebomb
@chromebomb 7 месяцев назад
bulldozing parking lots not buildings
@UncleDavesKitchen
@UncleDavesKitchen 7 месяцев назад
Great segment, both were wonderful, Love Josh's investigating
@PhillyDomSideDude
@PhillyDomSideDude 2 месяца назад
Joshua is cute
@damnjustassignmeone
@damnjustassignmeone 7 месяцев назад
The laws allow projects to be blocked easily. Better to not waste your time and money.
@connie0613
@connie0613 7 месяцев назад
Soooo fascinating, I love information
@PhillyDomSideDude
@PhillyDomSideDude 2 месяца назад
Connie Girls
@erikanders3343
@erikanders3343 7 месяцев назад
Its more a battle of property owners Vs Developers. The owners want to keep prices high for renting and as an investment
@aposteriori421
@aposteriori421 7 месяцев назад
Prime location for a nice luxury development once rates come down a bit. Can’t have affordable housing on a plot like this.
@Segway99
@Segway99 7 месяцев назад
Tons of addicts in that neighborhood
@RaymondHng
@RaymondHng 3 месяца назад
@@Segway99 That's not true. It's on Powell Street next to the Fairmont Hotel Tower.
@pohanahawaii
@pohanahawaii 6 месяцев назад
🤔 How about transforming empty offices and stores into apartments and homes? The trends of online shopping and remote working aren't likely to change
@John-vk1ij
@John-vk1ij 7 месяцев назад
Let's say you are the legislature member, and you own 5 houses/apartments. Will you pass the bill that solves the housing crisis by making building new constructions easier and thus lowering the price, but at the cost of your personal wealth shrinking?
@MJ-zo5gb
@MJ-zo5gb 7 месяцев назад
With all the people fleeing San Francisco due to crime, drug use, open homelessness and overtaxation, there’s still not enough houses!!? 🤔
@MultiSkyman1
@MultiSkyman1 3 месяца назад
Exactly what I was going to mention! Something is not right.
@vhsstillok
@vhsstillok 7 месяцев назад
So its been vacant since 1906...and its in Nob Hill. Millennium Tower 2.0
@RaymondHng
@RaymondHng 3 месяца назад
There's no tower on the property. Nobody lives there.
@kz1iv
@kz1iv 7 месяцев назад
eminent domain!
@lindadunkerson7099
@lindadunkerson7099 7 месяцев назад
Rich, people not gone build affordable housing here.
@nothingnessofeverything
@nothingnessofeverything 7 месяцев назад
I li live in Los Angeles, and instead of building land on vacant lots that are available, developers try to buy up old apartments or houses that are already housing people to create luxury housing. It’s like use up the vacant lots first and don’t displace people in already existing inventory. However the developers are greedy and want prime real estate and the politicians are flexing rules to make it easier for the politicians to make this “affordable housing” but let’s call it what it is. Luxury housing that sits empty that no one can afford. This is only part of the story. The rules are in place for a reason. The breaking of rules does only one thing make the politicians and developers rich while displacing thousands of low income residents.
@speedracer1610
@speedracer1610 7 месяцев назад
Because it's haunted.
@davinxi5926
@davinxi5926 7 месяцев назад
That kid should be able to open up the business without the state forcing projects in order to clean a solution. That the state themselves created
@beatpirate8
@beatpirate8 26 дней назад
wow in chinatown they demolished the ihotel amd dragged elder Filipino men that some had been veterans and served our country well. the financial district had a little Filipino town area next to Chinatown. The Ihotel was so vital to their community. they were dragged out and removed. I only learned about this in college. but growing up i saw an empty plot. only in recent years with much fundraising and community advocacy did they rebuild the ihotel. I am not sure if any Manongs Filipino elders were alive to move back in. They made affordable units to give for some low income housing. So many barriers to build housing, especially affordable housing.
@SymphonyBrahms
@SymphonyBrahms 6 месяцев назад
They should build a YMCA there. "It's fun to stay at the YMCA....."
@RaymondHng
@RaymondHng 3 месяца назад
There's already a YMCA two blocks from there.
@yehuo2825
@yehuo2825 7 месяцев назад
there is just too much bs with the way how we do things!
@jaymarx8927
@jaymarx8927 7 месяцев назад
THAT IS WAY TOO MUCH OF A RISK TO BUY THIS PROP FOR 13M. THE REPORT ANSWERED ITS OWN QUESTION - OF COURSE DEVELOPERS WILL TAKE THE RISK (IF THE PRICE IS RIGHT). LANDOWNER BUNGLED REDEVELOPMENT AND WANTS TO RECOUP COST IN SELL PRICE. LANDOWNER (DESPITE THE COMPELLING BACKSTORY) NEEDS TO CUT LOSSES AND PRICE IT RIGHT.
@hblee88
@hblee88 7 месяцев назад
Until one attempts to process any development project through the system will one realize that city workers feel it a duty to make it difficult to do anything if they need a city permit. Try it. 😏
@chuckefunn8624
@chuckefunn8624 Месяц назад
It also is example of Ed Lee !
@shadow.banned
@shadow.banned 7 месяцев назад
Build Back Never.
@rohitkhosla8110
@rohitkhosla8110 28 дней назад
If there is a political block then only a connected developer (affiliated with politicians) can take the risk.
@danasmith858
@danasmith858 13 дней назад
Just tell people to set their tents up there
@nothingnessofeverything
@nothingnessofeverything 7 месяцев назад
Well, we’re the apartments a huge sky scraper next to smaller apartments? You need new housing but don’t displace current housing, that defeats the purpose.
@user-ts4fo9ol9x
@user-ts4fo9ol9x 3 месяца назад
The lot priced over 13 million, nothing they build will be "affordable". There won't be any parking. The exodus of rich buyers and huge supply of for sale properties make this a losing proposition, along with certain other San Fran problems this video carefully overlooks. May as well level it and bring on the tents.
@Jdigger4130
@Jdigger4130 7 месяцев назад
I love it when citizens w skin in the game go ups against people who like making up rules fer people w no skin that they will not play w them... offspring of immigrant not letting a gestapo tell them HOW to DO THEIR LIVES!!!! Good job SF... goodddddd job... What you have created is lovely
@chrisfetner332
@chrisfetner332 7 месяцев назад
Best advice. Move to another state.
@kevinl6231
@kevinl6231 7 месяцев назад
The planning dept and building dept are corrupt and slow to move. This doesn’t help.
@MrJLee-ri3so
@MrJLee-ri3so 7 месяцев назад
Renters rule , SF isn’t a landlord friendly city. Totally backwards. Just like the rights criminals n homeless take precedence over the rights of law abiding citizens n retailers.
@stephanietaylor4594
@stephanietaylor4594 7 месяцев назад
it’s government fatigue. everyone is tired of bloated bureaucracy
@oneeleven9832
@oneeleven9832 7 месяцев назад
The way things are going there is going to be hundreds of thousands of empty houses as no one is going to want to live there..
@FreedomAtRisk
@FreedomAtRisk 7 месяцев назад
If you had tens of millions, why would you put it there??
@bogdan78pop
@bogdan78pop 7 месяцев назад
Journalism nowadays.......in the picture they put on.....he is with Richard Nixon , and Nikita khrushchev..in the same picture..!!
@SymphonyBrahms
@SymphonyBrahms 6 месяцев назад
It's Richard Nixon and Herbert Hoover, not Nikita Khrushchev.
@sven888
@sven888 Месяц назад
San Francisco needs better urban planners first. They really need to go to Europe and see how lively the inner cities are because they have a right mix of everything. Instead, whole downtown SF is turning into a huge dead zone because of this perfect combination 1) the city's planners incompetence allowing only office zones or residential zones but never a right mix that could create a vibrant social fabric 2) sickening liberal policies that allow people to sell life-killing drugs and allows people to die of life-killing drugs 3) greedy Israel supporting landlords who rather let their property sit empty for a tax write-off than lower the price which kills off all small mom and pop shops. Seriously... I don't see how it can be turned around. The Emerald by the Bay is on life support. Greed, bad public policy and bad urban planning. SF has it all.
@Brainjoy01
@Brainjoy01 7 месяцев назад
some chinese business man from china will buy this as soon as its available. thats the story
@kettle_of_chris
@kettle_of_chris 7 месяцев назад
And a page 6 story at that. In Newport Beach, 60% of properties are owned by Chinese Nationals. I learned that 3 years ago.
@RaymondHng
@RaymondHng 3 месяца назад
It's already available. However, there are currently no takers.
@smoothoperator1083
@smoothoperator1083 7 месяцев назад
Oh yeah a housing crisis in a neighborhood that will ask probably no less than $8 million dollars for that house once it's built. Who is it helping? 😂😂😂😂
@freewifi510
@freewifi510 7 месяцев назад
SF is wayyyy to left. time to vote it back to moderation.
@jeschr3462
@jeschr3462 7 месяцев назад
I think this is a bad cherry picked example of the housing crisis going on in California and all around the nation particularly in democratic strongholds (especially in democratic strongholds). Most of the time the housing problem involves White American homeowners that show up to town hall meetings to prevent new affordable multiple housing units to be built near them (NIMBYs as they're called). They simply do not want poor people of color to move in which they fear would increase crime (although obviously they don't say that) and thus lower the value of their property. This is the case most of the time. A minority of the cases (as this story highlights) usually involves people of color preventing multiple housing units to be built near them because that would mean that the area becomes gentrified (where socially mobile affluent White Americans move in). This story was one of those examples as Clay and Powell is located in Chinatown but most of the time this is not the case as far as the housing problem. Most of the time the cases around the housing crisis involve extreme and blatant systemic racism against black and brown people in America. Unfortunately thats just how things are in this country. We Americans are all about social justice and equality as far as talk but no one actually wants to integrate poor black and brown people. That is why everyday in this country the racial, class, political, and economic divide continues to get worst and worst. At some point in the future there's gonna be a breaking point which will spell major division or possibly even collapse of our society.
@TenTenJ
@TenTenJ 7 месяцев назад
Where is the leadership speaking out against gang theft? My cousin died of cancer leaving a young son in San Francisco. The grandmother in LA prepared a car full of food and packages for his first months in college. They left the car locked on a San Francisco street for one hour to return with the car stolen. It was found two weeks later obviously empty and damaged. How many stores have closed their landmark locations? The crime laws have to change because it’s not helping what I see in the news fully visible on camera.
@user-go2st5fi9w
@user-go2st5fi9w 7 месяцев назад
I do not blame them. I want the same for my hood.😊
@marklawrence6068
@marklawrence6068 7 месяцев назад
ed lee is really currupt
@BuhodePiedra
@BuhodePiedra 7 месяцев назад
Thanks for everything tech industry! We can see how you all really walked the talk by saving the world! 😂😂😂 except NOT and really you’re all just super greedy and leaving our home worse than how you found it. Bubye GTfO thanks
@jesselgavieres6488
@jesselgavieres6488 3 месяца назад
Zombies, got cash for to do drugs? Got poo latrines? Got free support for using drugs? All tax paid? So san Francisco CA, a place to be, a go to area to be zombies? Hmm,.,.
@jonmacdonald5345
@jonmacdonald5345 7 месяцев назад
SF = Startup Fail
@discgolflife
@discgolflife 7 месяцев назад
Capitalism doesn't address market failures! Greed has priced everyone out of a home!!!!
@anthonyjones9868
@anthonyjones9868 3 месяца назад
🤣 city went to sh!t
@Mike__B
@Mike__B 7 месяцев назад
Why does San Francisco need to build more housing again? Why can't any of the other cities around the bay be responsible for building more housing? Instead we need to cram more people in an already crammed city?
@jessem4659
@jessem4659 7 месяцев назад
everywhere needs to build more housing. This is not a unique factor to SF. SF just falls short of our neighbors because of our strict building restrictions, zoning, wealthy nimbys voting down new housing developments, etc.
@paullentz1972
@paullentz1972 7 месяцев назад
There are lots of people who have no choice but to commute back and forth to SF for work..because there isnt nearly enough affordable housing in SF. What is wrong with building housing on lots like the one featured in this clip? It's been vacant for over 100 years!
@Mike__B
@Mike__B 7 месяцев назад
@@paullentz1972 News flash, there isn't affordable housing anywhere in the bay area, it's not just a San Francisco thing. I really don't care if they build a house, or apartment complex on the property, but if you think that will make "affordable housing" you're nuts, the cost of housing is not because there's not enough of it, the problem is that housing is used too much as an investment opportunity where "market rate" pays for people's retirement. Build an apartment here, who's going to own it? That person is going to get rich especially for that neighborhood.
@paullentz1972
@paullentz1972 7 месяцев назад
There are apartment buildings being built for low-income people/working people (income based apartments) in SF. The problem is that there isnt enough of them being built. @@Mike__B
@R0M8N
@R0M8N 7 месяцев назад
Tax empty apartments and lots
@jr1252
@jr1252 7 месяцев назад
no. let people do whatever they want with their property. if they want to rent to ghosts then stay out of it and let them do what they want taxes have never gone back to helping the community, example the gas tax….
@ike7539
@ike7539 7 месяцев назад
1:18 Excuse me? What is meant by 'genocide'? During the time of the World War, the Ottoman Empire was engaged in conflicts with various European countries. Referred to as the 'Sick Man,' the Ottomans were facing imminent collapse. It was in this precarious situation that the Armenians, who had lived alongside their neighbors for years, chose to side with Russia, which resulted in confrontations. They were promised their own lands, prompting actions that led to conflict between Armenians and the Ottomans. The events that unfolded were tragic, leading to differing perspectives on historical accounts. It's crucial to thoroughly understand the historical context before labeling it as a genocide. It's important to approach historical events with sensitivity and acknowledge the differing perspectives and experiences of various groups involved.
@ike7539
@ike7539 7 месяцев назад
Russia United Kingdom France Australia New Zealand British India Italy Serbia Montenegro Greece Romania Portugal While fighting with all these countries during World War (it's a war btw)... Ottomans decided to attack Armenian's just like that? Hmm... that doesn't sound right to me!
@smoothoperator1083
@smoothoperator1083 7 месяцев назад
😂😂😂😂😂😂😂😂😂😂😂What? What kind of garbage ramble was that about ?
@RaymondHng
@RaymondHng 3 месяца назад
That bit of history is not the point of this story.
@user-si4ic4fd2c
@user-si4ic4fd2c Месяц назад
13.5 million. Thats why sf is doomed. I hope the landowner loses everything for their greed
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