OTCPK:PILBF - Post by User
Post by
teachon Apr 20, 2016 2:08pm
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Post# 24789917
In Cramped and Costly Bay Area, Cries to Build, Baby, Build
In Cramped and Costly Bay Area, Cries to Build, Baby, BuildI think we can put to rest the idea that construction will not continue in the San Francisco area.
"The Bay Area was expensive even before the tech boom. And the supply of new projects, while increasing, remains decades behind population growth. This extends from Silicon Valley suburbs like Palo Alto, whose ratio of jobs to housing units is triple the median level in the Bay Area, to San Francisco, which despite an increase in new housing has lagged behind job growth, according to the Association of Bay Area Governments"
https://www.nytimes.com/2016/04/17/business/economy/san-francisco-housing-tech-boom-sf-barf.html?_r=0