Search Results for: plan bay area

Amtrak Crossing: Watch Out for the Subsidies

Flush with cash” from the 2021 infrastructure bill, says the Wall Street Journal, Amtrak hopes to “double ridership by 2040.” That’s an ambitious goal, and yet one that is totally insignificant.

Amtrak’s logo looks like a pointless arrow, but the real point is to spend lots of money.

Amtrak carried 5.1 billion passenger-miles in 2022. Divide that among the 332 million Americans and Amtrak carried the average American 15 miles. That compares with 16,000 miles of per capita travel by automobile and more than 2,100 miles by domestic airline. The Census Bureau expects the nation’s population to rise to 373 million by 2040, so even if Amtrak could double ridership, which is unlikely, per-capita intercity rail travel would grow to only about 27 miles per year. In other words, Amtrak will still be irrelevant to most Americans. Continue reading

California Homes Still Sell Above the Asking Price

A math-challenged report finds that homes in the San Francisco Bay Area are still selling above their asking price despite census data showing that the region’s population is declining. The report says that Vallejo (which is part of the San Francisco Bay Area but the Census Bureau counts as a separate urban area) “is the number one metro area for selling homes over the list price,” followed by San Francisco and Rochester, New York.

This 1,020-square-foot house on a 4,800-square-foot lot is offered for sale in Vallejo for $499,000, but if recent experience is any guide it will actually sell for around $536,000.

The report says that homes in Vallejo typically sell for 1.07 percent more than their asking price and homes in San Francisco sell for 1.03 percent more than their asking price. However, this is wrong: what the report means is that homes in Vallejo sell for 1.07 times their asking price (which is 7 percent more) and homes in San Francisco (meaning the San Francisco-Oakland urban area) sell for 1.03 times their asking price (or 3 percent more). Continue reading

Housing Affordability in 2023

Due to the large number of people seeking to move during and after the pandemic, the number of severely unaffordable housing markets quintupled between 2019 and 2022, says a new report from demographer Wendell Cox that traces the changes in housing affordability in 174 major U.S. housing markets. Of those 174, Cox classified 44 as affordable in 2019, but only 11 were still affordable in 2022. The good news is that’s a slight improvement over 2021, when only 9 were affordable.

Click image to download a 3.1-MB PDF of this 28-page report.

Cox measures affordability by comparing median home prices with median household incomes. This is slightly different from the Antiplanner’s comparison of median home prices with median family incomes. Both of us consider housing to be affordable when median prices are less than three times median incomes and severely unaffordable when median prices are more than five times median incomes. Continue reading

Transit’s Insatiable Appetite

A few weeks ago, the Antiplanner reported that transit advocates were holding up rush hour traffic in San Francisco in order to blackmail the legislature into giving billions of dollars to transit systems that few people are riding anymore in order to prevent a fiscal cliff. I also noted that the blackmail worked as the state gave transit $2 billion including $1.1 billion for BART.

Is there a fiscal cliff ahead? Photo by Cary Lee.

Fiscal cliff averted! Except state senator Scott Weiner wants to “temporarily” raise Bay Area bridge tolls by $1.50 (from the current $7) for five years in order to provide more subsidies to transit. The increase will only be needed for five years, Weiner says, because by then he hopes Bay Area voters will have passed another tax increase to support transit systems they are no longer using. Continue reading

Entitled Transit Stooges Blackmail for BART

“We are not asking, we are demanding that Governor Newsom allocate $5 billion to public transit,” said Brett Vertocci, a protestor who was blocking rush-hour traffic in San Francisco. “We need the state to step up so that we don’t have to cancel bus lines, so we don’t lose BART weekend service,” Vertocci continued. “Also so we don’t create huge traffic jams in these intersections,” he ominously added.

“Gavin Newsom is killing transit”? No, but maybe the lack of ridership is killing it. But in that case, why not let it die?

How is maintaining BART weekend service going to prevent huge rush-hour traffic jams? Apparently because unless the state forks over $5 billion, people like Vertocci will continue to block rush-hour traffic. In other words, they are blackmailing the state. Continue reading

California May Not Bail Out Transit

California transit agency warnings about a fiscal cliff may be falling on deaf ears in Sacramento. Although transit activists are becoming increasingly shrill, the state legislature has good reasons to ignore them.

Not much point in bailing out a transit agency that is running empty trains. Photo by Wally Gobetz.

One reason is that the state has its own funding problems. Earlier this year, it was projecting a $10 billion budget deficit, but that has recently increased to more than $32 billion. Continue reading

Get Back to Work, You Cretin!

Perhaps the Antiplanner is naive, but I’ve always believed that government infrastructure exists to help us be more productive and live the lives we want. To the contrary, I’ve noticed that news reports take it for granted that we exist solely to support the infrastructure that government thinks we should have.

According to the latest estimate, economic activity in downtown San Francisco is only 32 percent of what it was before the pandemic. Photo by PhotoEverywhere.

This is most obvious with urban transit which, since we aren’t riding it, “experts” argue we should pay more taxes to keep it running anyway. Lately, the same attitude is creeping into stories about downtowns. Continue reading

Affordable Housing Is a Black Hole

Are we living in a black hole and I just passed through a wormhole into another universe? That’s the only explanation I can think of for a recent New York Times article (no paywall) by Ezra Klein praising a new mid rise in San Francisco “that might be the answer to San Francisco’s homelessness crisis.” Built in three years (half the normal time in the Bay Area) using modular construction methods, the building costs less than $400,000 per unit compared with $600,000 to $700,000 for other similar projects in San Francisco.

The reddish-brown color isn’t paint; it’s rust, or what the architect calls “weathered steel.” That’s just as well in San Francisco’s rainy, salty environment as I doubt many people will want to see this building last for very long. Photo by Bruce Damonte, David Baker Architects.

My first thought was “$400,000 still sounds pretty high for any kind of ‘affordable housing.'” My second thought was, “How big are those housing units anyway?” Continue reading

Why Save Obsolete Transportation?

David Zipper, who has a master’s degree in urban planning, writes on Vox about how transit agencies need to save themselves from a fiscal cliff. To do so, he says, they must “secure new and reliable revenue streams from state and regional sources.” To convince skeptical members of the public they need to provide those revenue streams out of their taxes, agencies need to “demonstrate an ability to replace car trips, not just serve economically disadvantaged people,” because only by replacing car trips can they prove they are “curtailing congestion, reducing auto emissions, and boosting economic growth.”

BART’s plea for more subsidies falsely claims that “BART was self-sufficient before the pandemic” when its own data show that fares covered only 71 percent of operating costs and zero percent of capital costs.

Yet Zipper never really says why we need to save transit. He claims that transit has been “indispensable” for major metros, but what he really means is that it is indispensable for major downtowns such as Chicago, Philadelphia, and San Francisco. In reality, the only metro area for which transit is truly indispensable is New York, and if it is so indispensable there, then New Yorkers should be the ones to pay for it. Continue reading

Transit Agencies Go Insane

Earlier this month, the Federal Transit Administration published its annual report on funding recommendations for transit capital improvement grants. Each year, I review the accompanying list of projects being planned or under construction to see how much construction costs have grown since the previous year. This year, however, transit agencies seem to have learned a lesson from the pandemic and have curtailed their wild spending on pointless projects.

Sound Transit is building light rail on what was once freeway lanes across Lake Washington. Photo by Sound Transit.

Just kidding. In fact, they are spending more than ever. In the 1990s, light-rail lines that cost $50 million a mile ($100 million in today’s dollars) were considered extravagantly expensive. A decade ago, the average light-rail line cost about $125 million a mile ($160 million in today’s dollars). Last year, average light-rail construction costs had risen to $278 million a mile (about $310 million today). Continue reading