Kathleen Pender, business columnist for the San Francisco Chronicle, points to two reasons why home prices rise amidst a Bay Area exodus to other states. On a state level, out-migration shows California's strong but dysfunctional economy.
A new economics report from Beacon Economics for Next 10 shows that what good for the environment is good for the state's economy, but the results are marred by increasing vehicle-miles-traveled. The state's housing crisis is partly to blame.
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.
The Golden State attracts high-end workers, while its high housing costs cause a disproportionate number of low and middle income workers to flee the state. The non-profit think tank, Next 10, delves into this crisis in three new reports.