The California legislature is getting some push back on S.B. 827, which proposes to eliminate zoning in most of San Francisco, Oakland, and other “transit-rich” cities. So legislators have announced a new proposal, A.B. 2923, which would allow the Bay Area Rapid Transit District (BART) to build whatever it wants on land it owns, most of which is presumably near BART stations.
Home sweet $2 million home. Photo from Google streetview.
There’s no doubt that Bay Area housing is too expensive. An 848-square-foot home in Sunnyvale just sold for $2 million (a $550,000 premium over the asking price), or $2,358 per square foot. Increasing numbers of people are buying homes sight unseen. For some, commuting from Bend, Oregon is a viable option because the cost of flying is less than the cost of housing in the Bay Area. Continue reading
