Advocates argue the array of small dwelling options provide much-needed affordable housing. But, living in these units, many of which are extremely small, isn't the alternative many people would choose.
The state capital of California is starting to see rents that would fit in around San Francisco or Los Angeles. Although explanations are scant, some are blaming the stagnant multi-family development industry.
We've seen builders responding to high demand for residential housing Manhattan and Seattle, but could it be happening in San Francisco? Sort of, according to San Francisco Chronicle business columnist, Kathleen Pender.
Despite concerns than foreign investors would snatch up expensive condo properties around Manhattan, keeping the supply our of reach of local renters, analysts report rental prices are dropping as new supply enters the market.
Priced out of Brooklyn's hippest neighborhoods, young professionals who may have once fled Manhattan in search of affordable housing and "postindustrial charm" are making the reverse move in search of cheaper rents, reports Laura Kusisto.