A recent claim that San Mateo Townhouse prices were dropping was surprising because the townhouse cited as an example was a 4-bedroom unit. Studio and 1-bedroom condos do have low demand, but...
SB 9 – California Senate Bill 9
There seems to be ample fear, uncertainty, and doubt about the new senate bill 9 ( SB 9 ). City governments are described as scrambling to enact urgent ordinances. Many of the news reports emphasize that four homes would be built where there is currently only one.
The biggest change seems to be that city governments will have to write down the criteria to allow or deny a building permit rather than relying on personal subjective opinions. The first SB 9 application in Palo Alto was indeed to build four homes where there had been one. However, the lot is big enough to divide into four lots each 90’x100′. It would appear the first SB 9 application was indeed used as a way to avoid the time-consuming and costly process of satisfying arbitrary opinions.
Forcing local city planning and permitting to rely upon objective measurable standards could be a step towards local democracy. Currently, architectural review board members and other planning officials have wide latitude to base their denials on personal subjective opinions. If the criteria is written down, local residents can work together to change them.
The Turner Center at Cal Berkeley estimated it would make financial sense for property owners of 5.4% of the state’s 7.5 million single-family lots or about 410,000 parcels zoned for one traditional, single-family house, to add units.
San Mateo New Townhouse Prices
A recent claim that San Mateo Townhouse prices were dropping was surprising because the townhouse cited as an example was a 4-bedroom unit. Studio...
House Prices Near SF vs. San Mateo House Prices
House prices in cities near San Francisco have been appreciating more slowly than in San Mateo. San Mateo house price appreciation is barely higher...
Will YIMBY Create Increased Condo Demand?
A recent look at YIMBY vs NIMBY said that a person's attitude about high-density housing was strongly affected by how urban centers were widely...
Real Estate Agent Commission
In 2024 it became necessary for a real estate agent to get a written agreement with a potential buyer before they could tour a home with them....
Building “Affordable Housing”
Does the need for more housing that is affordable mean simply low-income housing? Projects that are being proposed focus on building small condos as...
Price Appreciation vs DOM
Although home buyers and home sellers should know days on market in order to make decisions, DOM is not a good way to predict house price...