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Updated: 2017-05-25T14:36:52-07:00

 



Oakland hunting cabin turned contemporary home asks $988,000

2017-05-25T14:36:52-07:00

East Bay hills home nestled in the trees Originally built in the early 1900s as a hunting cabin for San Franciscans seeking an escape to the Oakland hills, local modernist architect Wesley Fator transformed 6906 Chambers into a midcentury gem in the 1950s. The house featured clean lines, angles, and materials like glass, metal, and wood. Turn the calendar to 2014 when a builder further transformed the home into a more contemporary space, one that uses unusual materials (wood firing treatments, new metal work). It lands on the market this week for $988,000. The realtor notes that the home is completely private. “From the street, all you can see is a fence,” reads the marketing copy. Featuring four beds, two baths, and 1,891 square feet, the house comes with custom steel transom windows, angular roof lines, a floating staircase, three decks, glass fireplace, and arboreal views. The small geometrical details—circles and angles galore—are delightfully mathematical as they are whimsical. 6906 Chambers [Aaron D. Brown/Grubb & Co.] Oakland [Curbed SF] [...]



BART should extend to the Richmond District, says SF supervisor

2017-05-25T13:24:25-07:00

Logical and sensical request that, because this is San Francisco, is also unrealistic The Richmond District has always been a tricky part of San Francisco insofar as public transportation goes. Covering a huge swath of the city, no underground transit runs to and from this large western chuck. Unfortunately, whenever an idea like this seems close to becoming a reality, a local business or resident shoots it down. Now District One Supervisor Sandra Fewer, who has lived in the Richmond for over 50 years, is making it know that she wants BART to extend to her domain. According to a report in the San Francisco Examiner, Fewer and the San Francisco County Transportation Authority’s have requested a study on the possibility of BART expanding to the Richmond District. “My residents can’t be connected to the East Bay easily. How long do you think I can ask my constituents to do that?” she told the Examiner, noting that public transit to Oakland from the Richmond requires a (grueling) 38-Geary bus ride to BART downtown. Hence one of the many reasons area residents prefer to drive. A post shared by TEISBE (@teisbe) on Oct 21, 2016 at 12:00am PDT On the flip side, this natural-disaster setback has created an even more luxe experience for wealthy vacationers. As the Mercury-News reports, “For prices ranging from $4,300 to $13,500, the posh Post Ranch Inn will carry you and a friend to the resort by helicopter from the Del Monte Aviation’s tarmac at Monterey Regional Airport for a two- to four-night stay—meals and yoga included. The package is called ‘Escape Through The Skies.’” No word yet as to when the highway will reopen or what engineering efforts will be used to restore the road. Massive mudslide near Big Sur closes California State Route 1 [Curbed SF] Big Sur Landslide Being Called The Biggest In State History [SFist] Cut off again, southern Big Sur visited only by helicopter [Mercury News] Landslide on California Highway Part of $1 Billion in Damage [U.S. News] [...]



Eichler in the Bay Area: Everything you need to know and want to see

2017-05-24T11:32:37-07:00

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The homes of developer Joseph Eichler, who built roughly 11,000 houses for middle-class homebuyers, are collectors' items among real estate aficionados and midcentury-modern fans alike. Here's why.




Salary needed to buy a home in San Francisco: $161,000

2017-05-24T11:03:36-07:00

Up $24,000 since 2014 The mortgage site HSH again calculated how much money the average homebuyer should make to get by comfortably in major American cities this week. The report delivered rough news for San Franciscans, but it gets even worse when compared with previous years. The predictable bad news: HSH once again found San Francisco housing stock to be the least attainable in the nation. By the company’s calculations, with a 20 percent down payment and a 4.36 percent mortgage rate it takes over $161,000/year to afford “afford the principal, interest, taxes and insurance payments on a median-priced home” in the city. Note that HSH is actually counting the larger San Francisco-Oakland-Hayward census area (consisting of San Francisco, Alameda, Marin, San Mateo, and Contra Costa counties) rather than just the city itself, yielding a median home price of $815,000. A median home in the city costs far more than that, of course, but San Francisco buyers are probably also more likely to accept greater housing cost burdens beyond what firms like HSH consider affordable (roughly one third of monthly income). Naturally, the San Francisco figure is HSH’s highest in the nation, as it has been the last 16 times the firm did this same quarterly exercise. But the real kicker here is that the same time in 2016, HSH calculated that a salary of just $144,000 would be sufficient. In 2015, it was $141,000. And in 2014, a comparably frugal $137,000. Videowokart The huge 12-plus percent year over year increase since 2016 is typical of other cities surveyed in the same report, many of which are eating double-digit hikes too. “There were increases in tax and insurances costs, and that’s a portion of it,” HSH Vice President Pete Gumbinger tells Curbed SF. “But if you look at what’s happening, it’s hard to get away from the fact that the price of homes sold is up every year, and that’s a kicker to start with.” The price of a home in San Francisco actually rose less in 2016 than in previous years, but Gumbinger points out that this fact itself can reflect rises in neighboring cities in the metro area. As usual, it’s wise to take these kinds of reports as signposts rather than gospel truths, as other sources may calculate different but theoretically equally sound median home prices, recommended salaries, and housing cost schedules with different methods. Nevertheless, the fact that one source using the same method consistently over many years reports a constantly rising tide of expense on top of a startling recent spike remains sobering. The Salary To Buy a Home In 27 Cities [HSH] You Need $144K To Buy [Curbed SF] Salary To Buy In 27 Metros [MSN] Salary To Buy In 12 Cities [Business Insider] [...]