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San Francisco renters offered big buyouts from property owners as housing shortage continues

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San Francisco renters offered big buyouts from property owners as housing shortage continues


Some San Francisco property homeowners are providing a whole bunch of 1000’s of {dollars} to get renters out of their models. Housing specialists say these buyouts being provided to renters is an indication that there’s nonetheless not sufficient housing within the metropolis.

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San Francisco’s infamous excessive rents took a dip because the pandemic wore on and an increasing number of individuals left town. Now, with renters returning, an increasing number of property homeowners are providing buyouts to renters, to get their present tenants out, to allow them to hire the property for more cash. In August of this 12 months, a landlord for 2 San Francisco renters paid $410,000 for them to depart.

Todd David from the Housing Motion Coalition, a gaggle that advocates for extra housing for all revenue ranges, mentioned the property homeowners will certainly make that cash again a technique or one other. “One has to imagine that persons are rational actors, proper,” mentioned David from the Housing Motion Coalition. “A landlord just isn’t going to supply a ton of cash to lose cash, proper? That is not the best way individuals act. So, there should be an financial incentive to do this.”

That incentive may very well be elevating the hire on a rent-controlled property or promoting that property. The problem, mentioned David, is a unbroken lack of stock. The town, he mentioned, nonetheless has not made significant steps towards constructing the housing town will want. “It is the identical story that we have been speaking about for 50 years in San Francisco,” mentioned David. “We have now not constructed sufficient housing, once more, for individuals to afford in any respect the factors on the revenue spectrum.”

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SEE ALSO: House rental costs might lastly be falling in US, knowledge reveals

David mentioned the answer is to construct extra housing, and that if that push does not come from town, it might need to be lead by the state.
 



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San Francisco, CA

SF’s newest green space is Bayfront Park, just opposite Chase Center

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SF’s newest green space is Bayfront Park, just opposite Chase Center


Situated on the eastern side of Terry A. Francois Boulevard between Warriors Way and 16th Street, the still-fenced-off Bayfront Park contains tables and benches, extensive “bioretention gardens” intended to manage stormwater runoff and a sloping, grassy hill. 

Several large, vertically oriented pieces of reclaimed steel are also clearly visible, a nod to the shoreline’s industrial past.

According to Eric Young, a spokesperson for the Port, these are sections of the Bay Bridge’s original eastern span, which was dismantled more than a decade ago. “The site also includes salvaged anchors from the Port of San Francisco’s ‘boneyard,’ as well as new plaza areas for barbecues and picnics,” he said.



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San Francisco, CA

PIX Now Evening Edition 7-4-24

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PIX Now Evening Edition 7-4-24


PIX Now Evening Edition 7-4-24 – CBS San Francisco

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CBS News Bay Area evening edition headlines for Thursday July 4, 2024. Watch full newscasts streamed at the CBS SF website or on the app. Website: http://kpix.com

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San Francisco, CA

San Francisco Bay Area roasts as extremely high temps persist into July 4th holiday

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San Francisco Bay Area roasts as extremely high temps persist into July 4th holiday


With no relief from the heat forecast for inland parts of the San Francisco Bay Area until next week, much of the region continued to cook with higher than normal temperatures on the July 4th holiday.

According to KPIX chief meteorologist Paul Heggen, inland highs on Independence Day and Friday will range from 95°-105°, with highs around San Francisco Bay hitting the 80s to near 90°. The regions coastal communities will remain popular with thermometer readings only reaching the 70s. 

In warmer inland areas, there will be some limited overnight relief with low temperatures in the mid 60s to low 80s.

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Wednesday was slightly less scorching than Tuesday, with fewer records for the date with both San Rafael (100°, breaking a 2001 record of 99°) and Livermore (110°, breaking a 2001 record of 109°) setting new new marks for the date.

KPIX First Alert Weather: Current conditions, alerts, maps for your area

Heggen says residents should see a slight decrease in temperatures Saturday and Sunday, but it will still be extremely hot inland. He noted that the National Weather Service has extended the inland Excessive Heat Warning and bayside Heat Advisory all the way through Wednesday, but speculated the extension could be “a couple days too many (especially for the Heat Advisory).” 

However, Heggen said temperatures will continue to run above-average, even as the region trends closer to “hot” instead of “crazy hot.”

The Red Flag Warning the East Bay hills and interior mountains of the North Bay has been extended all the way through 9 p.m. Saturday.

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Residents are advised to drink plenty of fluids, stay in an air-conditioned room, stay out of the sun, and check up on relatives and neighbors. Bay Area counties have opened cooling centers across the region for those who do not have air conditioning.

The increased fire danger due to the higher temperatures remained evident as crews dealt with several large fires in the Bay Area and Northern California, including the Thompson Fire in Butte County that forced some 28,000 people to evacuate the area around Oroville, and the Toll Fire in Napa County just north of Calistoga. 

On Thursday morning, the new Grande Fire broke out in a remote area of Stanislaus County. So far it has burned over 300 acres.  

The hot temperatures led to the cancellation of some daytime July 4th festivities (in Antioch and Yountville) and fireworks shows (in St. Helena and Healdsburg), but many holiday celebrations are continuing as planned.

Parks closed Tuesday by the East Bay Regional Park District will remain closed at least through Friday, according to district officials. However, swim facilities and shoreline regional parks were set to remain open through heat event. The district will reassess conditions and provide additional information Friday evening. Information on all the parks closed by the hot weather can be found on the EBRPD website.

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