Spiraling Home Costs Are Bad For Economic Development

Want to live Northern California's Bay Area? You'll need to earn at last $124,000 per year, according to a new study.

1 minute read

January 29, 2004, 1:00 PM PST

"The yawning gap between incomes and Bay Area housing costs is pushing home ownership out of reach for all but the older and most affluent, according to a new report... Increasingly, economists worry that the Bay Area's skyrocketing housing costs are putting the region at a competitive disadvantage. A study released by the Bay Area Economic Forum earlier this month found the region's productivity advantage over the nation -- a measure of the goods and services produced per person -- fell from 43 percent in 2000 to 31 percent in 2002, due largely to higher costs of living and, in particular, housing."

Thanks to MTC Library Headlines

Read the full story: Ever fewer can afford a house in Bay Area

Wednesday, January 28, 2004 in The San Francisco Chronicle

Community / Economic Development California

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

Start Learning

Advertise with us

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.