Oakland Gentrification 3.0 (San Jose, San Francisco, Berkeley: sale, hotel, construction)

[Stephen1110]

Originally Posted by 04kL4nD

The rich blaming the poor for this country's ills has really gone on long enough. Economic inequality is as bad, if not worse, as it was right before the Great Depression.

Sure, people should take responsibility for their actions if they spend frivolously and don't think about the future, but what's going on the Bay Area is way, way beyond just that.

Yup. When the most of the income gains go to the top, something happens.......


http://www.motherjones.com/files/ima..._of_income.png

[ssmaster]

Maybe it's time to move to Sacramento or Portland.
San Francisco has become very desirable to the wealthy and rich Similar to New York or London. This is not going to change. This influx of wealth has affected the whole region.Homes are going for ~ $ 2 million in rockridge and Crocker highlands . In Oakland!

If a family who makes $200,000 can't buy in those neighborhoods anymore I think it's inevitable some people are going to have to relocate.

[HockeyMac18]

Originally Posted by ssmaster

Maybe it's time to move to Sacramento or Portland.
San Francisco has become very desirable to the wealthy and rich Similar to New York or London. This is not going to change. This influx of wealth has affected the whole region.Homes are going for ~ $ 2 million in rockridge and Crocker highlands . In Oakland!

If a family who makes $200,000 can't buy in those neighborhoods anymore I think it's inevitable some people are going to have to relocate.

The problem with that comparison is that in NYC (and I think even in London, too) the surrounding areas are relatively affordable to average people. SF is unique in its sheer range of unaffordability to people in average/lower paying professions.

There's no northern NJ or LI equivalent here anymore. The East Bay used to be it, but even that has become absurd.

[shooting4life]

Originally Posted by smashystyle

Do you know what the biggest factor in being wealthy is? Hard work, intelligence, race, gender, luck? Nope. It's being born to wealthy parents. America Is Even Less Socially Mobile Than Economists Thought - The Atlantic

But it's psychologically convenient to denigrate the poor so that we don't feel any responsibility to them. If the poor are at fault for their own circumstances, it's easier to disregard them without any guilt. Of course, I thought this was a "Christian country" with compassion and empathy even for those who have made mistakes. That's why Ben Carson, Mike Huckabee, and others are promising to feed and shelter the poor, right?

What income level determine when someone should be responsible for their actions? Is it a sliding scale? If my parents made 40k a year combined am I only repsonible for 60% of my decisions? Is someone's parents make less than 30k do they get 20% shaved off of a prison sentence because it is not totally their fault for committing a crime but partially spirits fault?

A Christian country would be based around someone choosing for themself to help their fellow man, not compulsory taking and then redistribution.

[Stephen1110]

Originally Posted by ssmaster

Maybe it's time to move to Sacramento or Portland.
San Francisco has become very desirable to the wealthy and rich Similar to New York or London. This is not going to change. This influx of wealth has affected the whole region.Homes are going for ~ $ 2 million in rockridge and Crocker highlands . In Oakland!

If a family who makes $200,000 can't buy in those neighborhoods anymore I think it's inevitable some people are going to have to relocate.

Oakland just needs to build more housing. Off the top of my head, there are two projects for 406 units in West Oakland, seven projects for 1,427 units in Uptown, 350 units at Lake Merritt, and 3,100 at Brooklyn Basin. That's enough to satiate demand.

[shooting4life]

Originally Posted by Stephen1110

Oakland just needs to build more housing. Off the top of my head, there are two projects for 406 units in West Oakland, seven projects for 1,427 units in Uptown, 350 units at Lake Merritt, and 3,100 at Brooklyn Basin. That's enough to satiate demand.

That's not even close to enough to feed demand. We have had decades of no growth policy in the Bay Area. 5k units over 2-3 years isn't going to fix things (it is a good start, don't get me wrong). Oakland would need 10k units just to keep up with growth, let alone relieve pressure from the lack of growth.

Just a little perspective about how bad this state is in re to housing supply, Houston has adding more units of housing over the last decade or so than the entire state of California.
http://www.bloomberg.com/bw/articles...-of-california

[04kL4nD]

Originally Posted by shooting4life

What income level determine when someone should be responsible for their actions? Is it a sliding scale? If my parents made 40k a year combined am I only repsonible for 60% of my decisions? Is someone's parents make less than 30k do they get 20% shaved off of a prison sentence because it is not totally their fault for committing a crime but partially spirits fault?

A Christian country would be based around someone choosing for themself to help their fellow man, not compulsory taking and then redistribution.

According to you, the market will just correct the situation. Too bad that's not at all true and not at all based on logic or science.

[shooting4life]

Originally Posted by 04kL4nD

According to you, the market will just correct the situation. Too bad that's not at all true and not at all based on logic or science.

For the market to correct itself it would actually have to be a free market, we haven't had a free market for over 100 years. The last thing housing can be described as is a free market, nice try though.

[mini_cute]

The reason why the Bay Area region is unaffordable as a whole is mostly due to the lack of housing being built. SF Bay Area is unique in that it is oddly very liberal, and yet at the same time extremely against new housing being built.

There is also a smaller effect of the sunshine tax. Many people enjoy the weather in CA in almost any area and so would desire to live in CA whereas outer lying areas of NY are not as desirable due to weather.

[bentobox34]

Originally Posted by Stephen1110

Oakland just needs to build more housing. Off the top of my head, there are two projects for 406 units in West Oakland, seven projects for 1,427 units in Uptown, 350 units at Lake Merritt, and 3,100 at Brooklyn Basin. That's enough to satiate demand.

You would need to have 10 times that much construction, plus the same rate of growth happening concurrently in every other city in the Bay Area, to even come close to satiating the pent up demand for housing in this region.