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San Jose plans to build over 6,000 rental units in 2019, a 283% increase from the number of units built last year. [25] The city has also recently passed a bill to subsidize the production of high rise buildings in the downtown area, although it is a controversial move that critics say will benefit developers but harm workers.
In October 2015, San Francisco had the highest rents of any major US city. [2] The nearby city of San Jose had the fourth highest rents, and adjacent Oakland had the sixth highest. [2] Over the period April 2012 to December 2017, the median house price in most counties in the Bay Area nearly doubled. [3]
Tenant groups in San Francisco and Los Angeles claim that California landlords commonly misuse the Ellis Act "to bypass rent control" [23] [24] and to cash in during peak housing market periods [25] by managing rent-stabilized properties to vacancy, when they might demolish buildings to build pricey condominiums, retenant newly-vacated units at ...
Rapidly rising rents squeeze millions in the middle class. Four in 10 middle-class renters pay 30% or more of their incomes toward housing each month, NBC News analysis of U.S. Census Bureau data ...
Anyone who's ever gone hunting for an affordable apartment in New York City knows it's about as fun as dental work -- without the anesthesia. So it may come as some surprise that the New York ...
Santa Teresa is a neighborhood of San Jose, California, United States, located in South San Jose. Founded in 1834, Santa Teresa was originally established as Rancho Santa Teresa by the Bernal family, a prominent Californio clan. Today, Santa Teresa is largely a residential area, but also home to numerous Silicon Valley tech campuses.
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