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Updated: 2017-12-12T15:14:22-08:00

 



What $5,750 rents you in San Francisco right now

2017-12-12T15:14:22-08:00

Five new rentals, from SoMa to Glen Park—which pricey would you call home? Welcome to Curbed Comparisons, a regular column exploring what you can rent for a set dollar amount in different neighborhoods. Is one person's studio another person's townhouse? Today's price: $5,750. ↑ The angles of this two-bed, two-bath, 1,800-square-foot house on the far west side of the Castro (on Yukon Street, an area realtors still refer to as Eureka Valley) with its strangely turned facade creating some singular perspective within. Note the mossy bricks in the small backyard. This place was built just in 2014, now ready to reap the benefits of that timely construction in the form of a $5,650 rental price. Sadly, the ad doesn’t mention anything about pets. Ruff. ↑ Speaking of two-bedroom/two-bath offers, it seems that some lofts are not to be taken lightly. This SoMa setup on Tenth Street offers a gorgeous space with warehouse windows on either side of the living room, track lighting, and odd arched portholes running along the baseboards. The building near Harrison dates to 1924 and is quite the industrial looker these days. The lease even allows for pets, albeit along with the hard-hitting $5,700 rent. ↑ Odd as it sounds, there seems to be a bit of spiritual synchronicity between the previous SoMa space and this Richmond apartment, a three-bed, split-bath setup on Lake Street immediately south of the Presidio. Admittedly, the aesthetic is as far from concrete couture as it gets, The ad boasts classical touches like “decorative fireplace flanked by original built-in gumwood bookcases” and “a wall of south-facing windows.” But the use of the space, with this apartment’s long carriage, sharply coved ceiling, and open windows, seems somehow akin to its neighbor to the southeast. So does the $5,700 rent, of course. ↑ And here’s yet another beauty, a four-bed, one-and-a-half bath sterling white house in Glen Park (near Noe Valley on Harper Street and in the shadow of Billy Goat Hill) asking $5,750. Plantation shutters do seem to compliment bay windows well, and just get a load of those gilded chandeliers. “Perfect for a young family,” says the ad, provided they’re moneyed of course. Unfortunately, no dogs or cats. ↑ Closing things out in the Mission, here’s a flat in an Edwardian house on Treat—nice touch with the low-angle exterior shot—offering three beds plus one and a half baths for $5,750. Seems to be hard to find more than two bathrooms at this price point for some reason. Be that as it may, this space features a jungle-like backyard and built-in bunk bed in one of the bedrooms, so there’s something for everyone. Except for the pets, which, again, end up on the outs here. [...]



Advocates, lawmakers urge SFMTA not to split into two agencies

2017-12-12T14:26:47-08:00

Not everyone is happy with SFMTA—and this time, it’s not because of Muni A group of local transit advocates and lawmakers have joined forces to oppose a proposition to split the San Francisco Municipal Transportation Agency (SFMTA) into two agencies. Two city supervisors, Ahsha Safai and Aaron Peskin, will introduce a proposal to divide the agency into parts: Muni, which would handle vehicular needs, and a Livable Streets Department, which would tend to streets, parking, and traffic According to San Francisco Examiner, SPUR, the San Francisco Bicycle Coalition, San Francisco Transit Riders, and Walk SF penned a joint letter opposing the upcoming charter amendment proposal. In part, the letter reads: We write as advocates for progressive and effective transportation policy to voice our strong opposition to the City Charter amendment being introduced by Supervisors Peskin and Safaí. This amendment purports to improve the performance and responsiveness of the San Francisco Municipal Transportation Agency (SFMTA) by breaking it into two separate agencies: one responsible for Muni operations and another overseeing parking and traffic. It would also enact governance changes to the two new agencies by modifying appointments to its board and by giving the Board of Supervisors additional legislative responsibility for changes to parking, traffic and policy approved by the new agencies' board. The coalition cites increased bureaucracy, unnecessary red tape, contradictions to the Transit First policy as the main reasons why the proposed agency division wouldn’t work. Sen. Scott Wiener added his voice to the mix, saying: I’m as frustrated with San Francisco transportation as the next guy, but dividing MTA into 2 agencies won’t make transportation better & will reduce efficiency. Good transportation management means integrating public transit, street design, & parking/traffic, not separating them. https://t.co/j8KBRnWD69— Scott Wiener (@Scott_Wiener) December 12, 2017 He began as a civil rights attorney earlier in his career, representing low-income tenants. (His final public act of service introduced legislation to reimburse costs from landlords who illegally house tenants in unsafe dwellings.) Lee’s Twitter tax break, for better or for worse, transformed San Francisco MidMarket area. He will be best remembered for how he handled San Francisco’s housing and income disparity. As NYT reports: As mayor, Mr. Lee presided over a tremendous shift in wealth in the city driven by the technology boom that put San Francisco at the center of global innovation. Rents soared past levels only the wealthiest could afford, an ironic development for Mr. Lee, who began his career fighting for affordable housing. When Mr. Lee took office in January 2011, the median home value in San Francisco was $656,500. Today it is about $1.25 million, according to Zillow, a real estate data company. A sharp rise in rents — the city’s median rent is about $4,300 — also pushed large segments of the middle class out of the city. Office rents in parts of San Francisco rose higher than those in Manhattan. Lee was the city’s 43rd mayor. San Francisco Mayor Ed Lee dies at age 65 [SF Examiner] Ed Lee, San Francisco Mayor, Dies at 65 [NYT] San Francisco Mayor Ed Lee dead at 65 [SF Chron] [...]



Mid-Market Residences Now Selling!

2017-12-12T06:00:02-08:00

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Arts-centric, eats-centric, walk-centric and bike-centric, Stage 1075 offers 90 studio, one- and two-bedroom homes featuring three designer finish packages in sophisticated color palettes. Building amenities include a lobby attendant, virtual doorman, roof deck, dog run and bike storage. 415.533.0435

http://stage1075.com/



SF, San Jose residents some of the least debt-ridden in the country

2017-12-11T15:10:54-08:00

In a nation “crushed with debt,” much of SF is sitting pretty The Urban Institute (UI), a think tank created by then President Lyndon Johnson in 1968 to address American quality of life, released an interactive map illustrating which U.S. counties’ residents carry the most personal debt. It turns out San Francisco is one of the least debt-ridden places in the country. On average, 33 percent of U.S. households have some debt in collection, defined as “past-due credit lines that have been closed [...] as well as unpaid bills reported to the credit bureaus that the creditor is attempting to collect” and extrapolated from “identified, consumer-level records from a major credit bureau.” But in San Francisco, it’s a mere 16 percent, tied with Santa Clara County. That’s not the lowest in the country—a handful of places manage to dip down to single digits. But it’s one of the lowest rates in California, bested only by wealthy Marin County, which UI estimates at a rate of just 15 percent. As CityLab notes, the map shows most of the U.S. is “under crushing debt,” but San Francisco is comparably sound—at least by these specific standards. This isn’t to say San Franciscans are debt-free entirely. When student loan refinancing site LendEDU ranked American cities by credit card debt in 2015, San Francisco had the second highest debt level in the state. UI’s “in collections” standard simply measures those places where debt hits the hardest. For contrast’s perspective, of California’s 58 counties, only two places—Placer County and San Mateo County—manages to fall below 20 percent on the UI metric. Public Domain It’s not hard to figure out why SF is beating the spread; U.S. Census estimates reveal median income in the city rises year after year. Still, seeing precisely how much wealth Californians have now concentrated in San Francisco and Silicon Valley, especially within in the last five years, becomes shocking while viewed in these terms. Here are the debt rates across California, from the slight to the most grave. Note that two counties, Sierra and Alpine, didn’t yield enough data to place: Marin: 15 percent San Francisco: 16 percent San Jose: 16 percent San Mateo: 17 percent Placer: 19 percent Santa Cruz: 20 percent Yolo: 21 percent Sonoma: 23 percent Napa: 23 percent Alameda: 23 percent Nevada: 23 percent San Luis Obispo: 23 percent El Dorado: 24 percent Orange: 25 percent Contra Costa: 25 percent Amador: 25 percent Contra Costa: 25 percent Plumas: 26 percent Mono: 26 percent Mariposa: 27 percent Humboldt: 28 percent Santa Barbera: 28 percent Ventura: 28 percent San Diego: 28 percent Calaveras: 29 percent Tuolumne: 29 percent Inyo: 29 percent Sikiyou: 30 percent Modoc: 30 percent Los Angeles: 31 percent Sacramento: 31 percent Butte: 31 percent Mendocino: 31 percent Trinity: 31 percent San Benito: 32 percent Colusa: 32 percent Monterey: 33 percent Solano: 33 percent Sutter: 33 percent Glenn: 33 percent Shasta: 33 precent Stanislaus: 35 percent Madera: 35 percent Lassen: 36 percent Imperial: 36 percent Riverside: 37 percent San Joaquin: 37 percent Del Norte: 38 percent Tehema: 39 percent San Bernadino: 40 percent Merced: 40 percent Fresno: 42 percent Tulare: 42 percent Lake: 42 percent Yuba: 43 percent Kern: 43 percent Kings: 44 percent Debt In America [Urban Institute] Urban Institute Marks 20th Birthday [LA Times] One Nation Under Debt [CityLab] Averaged Credit Card Debt [Lend EDU] SF: Wealthier Than Ever [Curbed SF] [...]



Live across the street from Mark Zuckerberg for $995K

2017-12-11T14:53:24-08:00

Circa-1929 unit renovated from top to bottom Consider Billionaires Row the Norma Desmond of San Francisco elite streets. Fair Oaks is where all the young, freshly-moneyed tech ilk want to call home. And it’s easy to see why: This five-block stretch comes with large homes oozing curb appeal while being located next to the Mission District’s main drags. Why, even Mark Zuckerberg lives on 21st Street, right at the end of Fair Oaks. Today, inside a circa-1929 Spanish-Med corner building, a condo on Fair Oaks lands on the market, directly across the street from the noted Facebook cofounder. Featuring two beds, one bath, and 1,031 square feet, #2 comes with a newly renovated interiors, including updated kitchen, bath, flooring, and more. HOAs are $263; asking is $995,000. Mark Zuckerberg's Insane Reno Caught on Google Street View [Curbed SF] 2 Fair Oaks, #2 [Mark Colwell, Redfin] Billionaires Row [Curbed SF] [...]



Homelessness down in San Francisco, says HUD

2017-12-11T13:20:38-08:00

But we still have one of the worst rates in the country The Department of Housing and Urban Development (HUD) released its Annual Homeless Assessment Report (AHAR) to congress last week, assessing the homeless crisis from coast to coast. In a surprising turnabout, HUD estimates that, while homelessness in general rose all across America (thanks to increases in major metros with high housing prices), the number of people chronically without housing declined year over year in San Francisco—albeit it by a small margin. And yet, San Francisco’s housing woes are still so drastic that more than one percent of America’s homeless live within the small confines of San Francisco. Here’s some of the report’s key findings: Estimating the homeless population remains a tricky and elusive process. The HUD count is noticeably different from the city’s own bi-annual homeless count and from figures provided by groups like the US Conference of Mayors. The HUD count, conducted on a single night in January, yielded a figure of 6,858 individuals in SF. That’s a lot less than the city’s own most recent count of 7,499 around the same time. But since point in time head counts are in imperfect tool at best, it’s almost impossible to say which figure is closer to the truth. Photo by Stefan Kramer More than 1.23 percent of all homeless people in the US live in San Francisco. Overall, HUD counts 553,742 homeless Americans nationwide, meaning that San Francisco hosts a shocking (but at the same time not at all surprising) percentage of the entire country’s homeless population. Of course, other cities have a larger slice of the dispossessed population. New York City’s HUD homeless count is 76,501 this year, and LA’s 55,188. But of course, those are much larger cities, both in terms of population and geographic area. Yes, HUD says homelessness is down in SF—barely. Last year’s count was slightly higher, by a margin of 138 people. At face value, that’s good news—especially since the same report holds that homelessness is up for the first time since 2010 nationwide—but in practice it’s such a small number that it might not be a real difference at all. Since the city only conducts the homeless count every two years, we don’t have any local 2016 figure for the HUD comparison. However, SF estimated a similar decline between 2015 and 2017. If a decline did happen, the long-term trend is still bleak. The 2017 count is down from 2016, but up from 2015, 2014, and 2012. Back in 2013 the HUD estimate spiked suddenly to over 7,000 and has been technically declining ever since then. They’re shallow drops at best. SF also has more homeless residents living on the streets. New York City has tens of thousands more people without permanent homes than SF does—but HUD reports that only 5.1 percent of New York’s homeless neighbors are actually “unsheltered,” i.e., “people whose primary nighttime location is a public or private place not designated for [...] accommodation.” In San Francisco it’s 88.2 percent, one of the worst rates in the country. The rest of California isn’t doing well. Overall, California cities account for 25 percent of America’s homeless population, despite being only about 12 percent of the nation’s population overall. The HUD count for homeless in San Jose/Santa Clara county was 7,394 this year; in Oakland, 5,629. Photo via public domain Homeless Report, 2017 [HUD] SF Has One Percent Of Nation’s Homeless [Curbed SF] SF Homeless Count: 7,499 [Curbed SF] Homeless Report, 2015 Homeless Report, 2014 Homeless Report, 2013 Homeless Report, 2012 [...]