Of those mulling a move, 70% said that the high cost of housingis a major factor driving them. Housing is the second mostimportant issue facing the region, behind only transportation,according to earlier results of the Council Poll.
As might be expected, 74% of respondents think a greater supplyof affordable housing is "very important" to the overall health ofthe Bay Area economy. Another 17% described it as "somewhatimportant." Very few (5%) think their city is doing an "excellent"job of providing affordable housing; 67% describe their city'sperformance as somewhere between "fair" and "very poor."
Most respondents (58%) see the solution being more affordableprojects on infill lots. About 25% would rather have new homesbuilt on land outside of existing Bay Area communities.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
