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Least affordable place for tech workers? Silicon Valley

9:00 AM MYT Pinto believes the spread of remote work will only accelerate migration from the Bay Area. With new workplace flexibilities, tech workers have a choice between high-cost regions near their offices and low-cost regions with bigger houses and remote work. 123rf.com Techies flock to Silicon Valley for jobs, weather, great food, art and nightlife, but for some one thing is missing: a home they can afford. Despite high salaries and world-class amenities, San Jose is the least affordable place for tech workers to buy a home. A new analysis by the American Enterprise Institute found the typical tech worker and his or her partner – with two incomes totaling US$200,000 (RM809,100) – can afford just 12% of the homes for sale in the San Jose metro area.

S F officials say regional plan for hundreds of thousands of homes could hurt working-class neighborhoods

S.F. officials say regional plan for hundreds of thousands of homes could hurt working-class neighborhoods FacebookTwitterEmail 1of3 Looking east down Ingalls St. in the Bayview Hunters Point neighborhood in San Francisco.Michael Macor / The Chronicle 2015Show MoreShow Less 2of3 Hunters Point has long been a target for public housing development.Santiago Mejia / The Chronicle 2017Show MoreShow Less 3of3 Mayor London Breed claims the new Plan Bay Area proposal would displace thousands of residents, particularly in the city’s southeast corner.Michael Short / Special to The Chronicle 2020Show MoreShow Less A new regional plan meant as a blueprint for Bay Area housing development over the next 30 years is sparking strong objections among San Francisco officials who say the proposal could lead to demolition of thousands of existing apartments and could drive out working-class families in traditionally Black neighborhoods like the Bayview district.

San Francisco rents are plummeting – but its housing crisis could get worse

Last spring, the California Housing Partnership Corporation (CHPC), an agency created by the state legislature in 1988 to assist non-profits and local governments to create and preserve affordable housing, calculated California needed roughly 1.3m more affordable rentals to meet housing needs. Faced with a costly recovery from the pandemic, the state may fall even further behind. Municipalities in the Bay Area alone need to build more than 441,100 units over the next decade to meet housing demands, according to an assessment released this year by the California department of housing and community development (HCD). The region is already far off pace. In the last cycle, the Bay Area issued permits for only 9% of the low-income housing the agency said was needed and roughly 71% of permits for market-rate housing.

S F s building department is a mess It s no wonder pay-to-play rules the day

S.F. s building department is a mess. It s no wonder pay-to-play rules the day FacebookTwitterEmail wants to scrap the old, flimsy aluminum gazebo in the fenced backyard behind her Ingleside home and build a wooden one. But this is San Francisco, which like a cantankerous president of a homeowners association, likes to stick its nose into everything its residents and business owners want to do to their own property. Does Melgar need a city permit to build a gazebo in her own garden? She’s the well-connected, savvy former president of the San Francisco Planning Commission, but she has no idea.

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