People on here are going to be mad.

KQED published a piece on why housing in the Bay Area is expensive.

And it doesn't mention PRIVATE EQUITY or BLACKROCK.

Instead it blames... communities! /1

www.kqed.org/news/12078615/how-skyrocketing-housing-costs-and-policy-choices-reshaped-the-bay-area
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I knew nurses in California make a ton of money but this really puts it into perspective
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Further proof that the most important decision you can make in life is to pick the year you were born.

Best to have been born in time to buy a house in the 1970s before the end of housing growth! Ideally before 1976 because then Prop 13 1978 would roll property tax assessments back to 1976. /2
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@jakeanbinder.bsky.social - are you the same Jacob mentioned above?
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"Over the last nearly 50 years, the Bay Area has had one of the lowest permitting rates for new homes per capita in the nation"

This is a choice! /3
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The whole series of KQED radio pieces on affordability this week has been excellent.
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