4 ms·
Housing is crazy expensive in the bay area. Zoning is very expensive and with lots of requirements (affordable housing) that has slowed increases in supply, fu
by privateSFacct 7y ago
Housing is crazy expensive in the bay area.
Zoning is very expensive and with lots of requirements (affordable housing) that has slowed increases in supply, further pressuring prices up.
One loophole is the ADU loophole. Basically, no rich town wanted to allow smaller or cheaper housing (existing owners want to preserve things as is) despite tons of lipservice.
State came in and now you can in many cases create an additional dwelling unit (not too big, one floor etc) in your property EVEN if each additional dwelling unit is supposed to have 6,000 square fee of lot size (R-1 zoning).
6,000 square feet is crazy expensive in SF. See here: ($2M for 3K square feet of just land) https://sf.curbed.com/2019/3/25/18280993/empty-lot-glen-park-sf-sale-price https://sf.curbed.com/2019/3/25/18280993/empty-lot-glen-park...
Be interesting to see how these folks do.