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8 Ways to Solve San Francisco's Housing Crisis

8 Ways to Solve San Francisco's Housing Crisis | San Francisco Real Estate News | Scoop.it

On one of the first rainy days that drought-stricken California has had in months, San Francisco Mayor Ed Lee stood out of the rain in an unfinished retail space on the city’s gentrifying Market Street. Exposed pipes ran past naked plaster and cold concrete floors, but the drab backdrop had shining significance: above the retail space were nearly two dozen brand new, below-market rate apartments, the kind of housing the land-constrained, soaringly expensive city desperately needs—and that the mayor has vowed to provide.

Housing in San Francisco has become the most costly in the nation, spurring an affordability crisis that has pushed protesters into the street and low-income earners out of their homes. It has also inspired a flurry of activity at City Hall, where politicians have been churning out proposals aimed at fixing housing problems and easing the city’s simmering class tensions. Lee’s latest effort, announced at a press conference in the retail space on Thursday, calls for cutting red tape in the cumbersome review process for new projects and giving priority to proposals that include units for lower-income residents.



Read more: San Francisco Housing Real Estate Costs | TIME.com http://nation.time.com/2014/02/07/8-solutions-to-san-franciscos-housing-problems/#ixzz2swYsJ2O2

Bornstein & Bornstein + Bay Property Group's insight:

"Housing in San Francisco has become the most costly in the nation, spurring an affordability crisis that has pushed protesters into the street and low-income earners out of their homes.

Read more: San Francisco Housing Real Estate Costs | TIME.com http://nation.time.com/2014/02/07/8-solutions-to-san-franciscos-housing-problems/#ixzz2swYq0S7B

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We are committed to keeping you abreast of San Francisco real estate and property updates, news, trends and insights from around the SF bay area. Contact us for further assistance: www.bornsteinlawyers.com and www.baypropertygroup.com Thank you for following and reading!
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Mapping the Median Rent of a One-Bedroom in San Francisco

Mapping the Median Rent of a One-Bedroom in San Francisco | San Francisco Real Estate News | Scoop.it
Mapping the Median Rent of a One-Bedroom in San Francisco
Bornstein & Bornstein + Bay Property Group's insight:

"The numbers do give some indication of the going rate for a one- or two-bedroom across all neighborhoods." 

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Displacement coalition says SF evictions rose over 5 years

Displacement coalition says SF evictions rose over 5 years | San Francisco Real Estate News | Scoop.it

As the eviction crisis in San Francisco continues unabated, housing rights advocates kicked off a campaign to educate tenants on their rights should they receive an eviction notice from their landlords.


Members of the San Francisco Anti-Displacement Coalition, an umbrella organization of more than a dozen housing rights groups from across the city, announced the campaign in the Mission District this week, which they called the “heart of the eviction crisis.


A report issued by the coalition noted that 2,120 notices of eviction were filed with the Rent Board in the year ending Feb. 28, 2015, a 54.7 percent increase from five years ago.

Bornstein & Bornstein + Bay Property Group's insight:

SFPD officer clears out protesters from a private balcony and staircase during a protest organized by Eviction Free SF against David McCloskey. 

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Why your rent will rise again this year

Why your rent will rise again this year | San Francisco Real Estate News | Scoop.it
The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That's four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period. "The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they're still going to go up," says Hessam Nadji, chief strategy officer at Marcus & Millichap, a commercial real estate services firm. About 32 percent of
Bornstein & Bornstein + Bay Property Group's insight:

"The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they're still going to go up," says Marcus & Millichap

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Condo Prices in San Francisco Soar to Record Levels

Condo Prices in San Francisco Soar to Record Levels | San Francisco Real Estate News | Scoop.it
The condos at Rockwell are about to start selling. Will the prices of new condos being built in San Francisco ever slow their upward march? In the first half of...
Bornstein & Bornstein + Bay Property Group's insight:

"There are just 198 resale condo listings currently on the market, which is less than one month of available inventory. In other words: it's a major, major sellers' market out there for condos!"

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How to spend Mayor Lee’s $250 million housing bond

How to spend Mayor Lee’s $250 million housing bond | San Francisco Real Estate News | Scoop.it
[...] if the money is simply plowed into building more affordable housing, as it likely will be, even this mountain of cash will fail to make an immediate impact on San Francisco’s raging affordable housing crisis. The mayor and his working group should consider triage options that would create affordable rental housing now. Specifically, we need a rental subsidy program for low- and middle-income families who want to move to, or stay in, the nation’s least affordable city. [...] with municip
Bornstein & Bornstein + Bay Property Group's insight:

On craigslist alone, there are more than 3,000 housing units for rent. But with a median rental price of $2,800, the vast majority are out of reach for anyone not pulling in six figures!

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Hot rental market sparks suspicions of landlord arson in SF!

Hot rental market sparks suspicions of landlord arson in SF! | San Francisco Real Estate News | Scoop.it
More than 200 residents have been displaced by fires in and around the rapidly gentrifying Mission District over past three years
Bornstein & Bornstein + Bay Property Group's insight:

“There are a lot of suspicions on the part of some folks. Is there arson? Is there malfeasance?” Supervisor David Campos asked during the hearing. 

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End of the line for S.F. group trying to restore the Old Mint

End of the line for S.F. group trying to restore the Old Mint | San Francisco Real Estate News | Scoop.it
The city of San Francisco has finally run out of patience with the nonprofit San Francisco Museum and Historical Society and its plan to renovate the Old Mint, and has decided to terminate the organization’s lease at the landmark building and move on. The museum society, which was leasing the Old Mint at no cost, had hoped to turn the building into a San Francisco history museum and had worked on the project for more 11 years, but in a letter last week, city property director John Updike said a
Bornstein & Bornstein + Bay Property Group's insight:

“It is very unfortunate,” said Kevin Pursglove, president of the museum society’s board of directors. “We were hoping we could stay there..."

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Petition demands Google attorney reverse evictions at Mission building

Petition demands Google attorney reverse evictions at Mission building | San Francisco Real Estate News | Scoop.it
Petition demands Google attorney reverse evictions at Mission building 
Bornstein & Bornstein + Bay Property Group's insight:

"It's really expensive to live in the city, and if the school district is not willing to pay us a living wage, we really can't afford to stay here," tenan

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SF public housing to receive $500 million facelift

SF public housing to receive $500 million facelift | San Francisco Real Estate News | Scoop.it
Half a billion dollars in improvements are expected to San Francisco public housing over the next three years.
Bornstein & Bornstein + Bay Property Group's insight:

Lee said Thursday that many people in San Francisco’s public housing units are suffering and that many just want working elevators, which is crucial for disabled and senior citizens living in multi-story units.

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Noe Valley Teardown Lists for $859K, Sells for $1.38M

Noe Valley Teardown Lists for $859K, Sells for $1.38M | San Francisco Real Estate News | Scoop.it
When the small single-family home at 56 Clipper Street in Noe Valley listed for $859K in January, buyers willing to overhaul the house swarmed. The home is currently in disrepair,...
Bornstein & Bornstein + Bay Property Group's insight:

Amazing real estate market when a "tear-down" is going for from $859k list and selling at $1.38M! 

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What $3,300/Month Rents You in San Francisco

What $3,300/Month Rents You in San Francisco | San Francisco Real Estate News | Scoop.it
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various San Francisco neighborhoods. Is one man's studio another man's townhouse? Let's...
Bornstein & Bornstein + Bay Property Group's insight:

Which one do you feel is the best option?

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Top 5 Unlawful Detainer (Eviction) Failures on The Bornstein Minute - YouTube

Top 5 Unlawful Detainer Action (Eviction) Failures on The Bornstein Minute. **DOWNLOAD OUR FREE RESOURCE DOCUMENTS** http://bornsteinlawyers.com/news/downloa...
Bornstein & Bornstein + Bay Property Group's insight:

Check out our latest video on The Top Unlawful Detainer (Eviction) Failures to avoid!  Contact us if you need assistance!

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Law change means owners of Mission unit can’t move back home

Law change means owners of Mission unit can’t move back home | San Francisco Real Estate News | Scoop.it
Mark Rumpler and Matt Scovern must feel like characters in Lemony Snicket's "A Series of Unfortunate Events" novels.

Through no fault of their own, the married couple has been displaced from their Mission District home by tenants who refuse to move unless they receive a payment of well over $100,000.

Tenant attorney Joe Tobener, who represents the tenants, says Rumpler and Scovern should simply proceed with an "owner move-in eviction," but as the tenants and To
Bornstein & Bornstein + Bay Property Group's insight:

Read this troubling story about tenants demanding over $100,000 to move out of this SF home!

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Major San Francisco Apartment Fires Prompt New Push for Safety

Major San Francisco Apartment Fires Prompt New Push for Safety | San Francisco Real Estate News | Scoop.it
Steps could include tougher fire enforcement and making it easier for tenants to report safety concerns.
Bornstein & Bornstein + Bay Property Group's insight:

“We want to make sure that the tragedy that happened at Mission Street, where we had one fatality, that something like that doesn’t happen again,” Campos said in an interview.

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Update: SF New Short-Term Rental Ordinance NOW In-Effect

Update: SF New Short-Term Rental Ordinance NOW In-Effect | San Francisco Real Estate News | Scoop.it
San Francisco, short-term rental ordinance application for Airbnb, VRBO and Homeaway for property owners.
Bornstein & Bornstein + Bay Property Group's insight:

Landlords, property owners and tenants, this new law for short-term subletting is now in-effect for San Francisco! Apply here 

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San Francisco Home Values Tick Up, Condos Hit New High

San Francisco Home Values Tick Up, Condos Hit New High | San Francisco Real Estate News | Scoop.it
Single-family home values within the San Francisco MSA ticked up a nominal 0.1 percent from October to November but are running 8.9 percent higher on a year-over-year basis. And local condominium values have hit a new high, according to the latest S&P Case-Shiller Home Price Index. Keep in mind that while the aggregate index for …
Bornstein & Bornstein + Bay Property Group's insight:

"For the broader 10-City U.S. composite index, home values slipped 0.3 percent in November... it remains 17.0 percent below its June 2006 peak and the year-over-year gain last month was the lowest since late 2012."

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What $2,700/Month Rents You in San Francisco?

What $2,700/Month Rents You in San Francisco? | San Francisco Real Estate News | Scoop.it
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various San Francisco neighborhoods. Is one man's studio another man's townhouse? Let's...
Bornstein & Bornstein + Bay Property Group's insight:
Which rental is the best deal?
Outer Sunset two-bedroom
Lower Haight one-bedroom
Downtown studio
Civic Center one-bedroom
Outer Richmond two-bedroom
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Really strange real estate listings

Really strange real estate listings | San Francisco Real Estate News | Scoop.it
In keeping with the theme of frivolity and comedy in tense times, we turn now to real estate listings as a source of mirth. Drawn from all over the USA, including a current MLS listing in a San Mateo cemetery, these photos will remind you real estate isn't always all that serious of a subje
Bornstein & Bornstein + Bay Property Group's insight:

Some shocking and poor property photos, always funny to see the failures!

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10 Warning Signs for Airbnb hosts

10 Warning Signs for Airbnb hosts | San Francisco Real Estate News | Scoop.it
Most Airbnb visits go from key exchange to final goodbye without incident. But when something does go wrong, the nightmare can last months.

Amiad Soto, co-founder and CEO of Guesty, spoke with us on Tuesday about red flags hosts should look out for. Most of them involve some kind of dishonesty: g
Bornstein & Bornstein + Bay Property Group's insight:

“Setting their expectations is an important thing to do,” Soto said. “What they normally don’t have in mind is how much work is involved in renting your place.”

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What $4,900/Month Rents You in San Francisco

What $4,900/Month Rents You in San Francisco | San Francisco Real Estate News | Scoop.it
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various San Francisco neighborhoods. Is one man's studio another man's townhouse? Let's...
Bornstein & Bornstein + Bay Property Group's insight:

"For $4,900/month, this two-bedroom in Forest Knolls features some spectacular views and offers a generous 1,765 square feet of space."

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SF Is Still the Most Expensive City in the US!

SF Is Still the Most Expensive City in the US! | San Francisco Real Estate News | Scoop.it
Map via Zumper For the fifth month straight, San Francisco remained firmly on top of Zumper's list of cities with the most expensive rent in December, according to the real...
Bornstein & Bornstein + Bay Property Group's insight:

As usual, none of San Francisco's neighborhoods could come close the leading neighborhoods in New York, like Tribeca or NoMad, where the rent for a one-bedroom easily tops $4,000.

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Jetset Realty's curator insight, January 8, 11:27 AM

Jetset Realty will help you to find affordable 1Bed/1Bath rents in Miami or Miami Beach. Contact us: 305.397.8831 | www.jetsetrealty.net

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Your Real Estate Sale Prices are No Longer Secret!

Your Real Estate Sale Prices are No Longer Secret! | San Francisco Real Estate News | Scoop.it

When Google Inc. buys a building in Mountain View, or KB Home picks up a new development site in Fremont, you won't find the price they paid printed on the recorded documents. The same is true for just about any sizable real estate deal these days.

But that will change in 2015, thanks to a little-noticed new law that restricts the ability of buyers and sellers to keep sale prices secret in California.

Assembly Bill 1888 requires transfer tax amounts be recorded on the face of deeds in sale transactions. Up until now, buyers and sellers were able to file that information (sometimes called the "tax stamp") separately, shielding it from view, if they wanted to

Bornstein & Bornstein + Bay Property Group's insight:

A new California law curtails the ability of buyers and sellers to keep the price of real estate transactions out of the public eye. 

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What $3,500 a Month Rents You in San Francisco

What $3,500 a Month Rents You in San Francisco | San Francisco Real Estate News | Scoop.it
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various San Francisco neighborhoods. Is one man's studio another man's townhouse? Let's...
Bornstein & Bornstein + Bay Property Group's insight:

The  market is peaking and here are some of the latest examples of what $3,500 will get you in San Francisco. 

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San Francisco neighborhoods to buy under $1M

San Francisco neighborhoods to buy under $1M | San Francisco Real Estate News | Scoop.it
When prices in the Outer-Mission appreciate 32% year-over-year, you know San Francisco real estate has had a banner year. The home above is what you can get now for the new median list price there ($749K). 2424 Alemany is a 3 bed, 2 bath, 1,470 sq. ft. home listing at $749K.

But when prices surge in what used to be “affordable territory,” what does this mean to the overall stability and sustainability of real estate? This past year has been a boom year in San Francisco’s real estate, leading some people to wonder if we aren’t headed for another bust. Do we have the makings of another bubble? Patrick Carlisle, analyst for Paragon Real Estate, says:

Financial-market cycles have been around for hundreds of years, all the way back to the Dutch tulip mania of the 1600’s. While future cycles will vary in their details, the causes, effects and trend lines are often quite similar. Looking at cycles gives us more context to how the market works over time and where it may be going…..Whatever the phase of the cycle, up or down, while it’s going on people think it will last forever: Every time the market crashes, the consensus becomes that real estate won’t recover for decades. But the economy mends, the population grows, people start families, inflation builds up over the years, and repressed demand of those who want to own their own homes builds up. In the early eighties, mid-nineties and in 2012, after about 4 years of a recessionary housing market, this repressed demand jumps back in (or “explodes” might be a good description) and prices start to rise again. It’s not unusual for a big surge in values to occur in the first couple of years after a recovery begins.
These data show a “smoothed out and simplified” version of market action for the last three decades.
Bornstein & Bornstein + Bay Property Group's insight:

Where to buy a home in SF for under $1 million dollars for which neighborhood is best to buy properties in. 

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S.F. rents up 13.5% overall, but down in some surprising areas

S.F. rents up 13.5% overall, but down in some surprising areas | San Francisco Real Estate News | Scoop.it

We all know that S.F. rents have gone up substantially, and listing service Zumper reports that the city saw a 13.5% increase in 2014. But when you break it down by neighborhood, it's clear that some neighborhoods are driving that increase more than others. For example, the Mission was up 2,400..." read on for more info...

Bornstein & Bornstein + Bay Property Group's insight:

"While demand was on the wane in the northern neighborhoods, expensive new developments came online in SoMa (up 9.4%) and the Mission to help drive prices up there."

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Curated by Bornstein & Bornstein + Bay Property Group
Bay Property Group has expertise in property mgmt., brokerage, sales + rentals. Bornstein & Bornstein is a San Francisco Bay Area law firm providing an array of real estate and civil litigation legal services. Together they provide unrivaled excellence!
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Bornstein + BPG Insights
The Law Offices of Bornstein & Bornstein work in affiliation and collaboration with Bay Property Group.  Daniel Bornstein, Esq. is the founding partner of the law firm, and also the broker of record for Bay Property Group in Oakland, San Francisco and Cupertino.  Together the two companies assist local property owners, landlords, commercial clients, multifamily investors and offer property management services. Contact us for assistance: www.bornsteinlawyers.com and www.baypropertygroup.com
East Bay Real Estate News
A culmination of online articles, related updates and news for the East Bay real estate communities. Offering insights into rental prices, local development, legislation and new market trends. Contact us for assistance: www.bornsteinlawyers.com and www.baypropertygroup.com
Legislation + Eviction Law News
Providing you with current eviction, tenants rights, owners rights, legislation and San Francisco Bay Area news focused on rental housing. Contact us for further assistance: www.bornsteinlawyers.com and www.baypropertygroup.com!
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San Francisco is a complex and challenging region, with new In-law regulations changing often.  We seek to keep you updated and informed about all the changes! Contact us for further assistance: www.bornsteinlawyers.com and www.baypropertygroup.com
San Francisco Real Estate News
We are committed to keeping you abreast of San Francisco real estate and property updates, news, trends and insights from around the SF bay area. Contact us for further assistance: www.bornsteinlawyers.com and www.baypropertygroup.com Thank you for following and reading!

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