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Housing bills fizzle in California's frantic final day of legislative session

Original post made on Sep 2, 2020

After seeing their ambitious plans to address the housing crisis derailed by the pandemic, state lawmakers concluded Monday's legislative session with few notable achievements on the topic.

Read the full story here Web Link posted Wednesday, September 2, 2020, 5:16 PM

Comments (5)

Posted by Gary
a resident of Sylvan Park
on Sep 2, 2020 at 7:38 pm

Gary is a registered user.

Democrats in the Assembly and State are lucky they ran out of time. Passage of those bills now would have further enabled the Trump campaign to warn suburban voters in swing states that supporting Biden-Harris would be supporting a radical leftist agenda like in California. The truth is that the bills referenced in the article were about providing more housing for high tech workers at a lower cost - ultimately to the financial benefit of high tech corporations.


Posted by Concerned
a resident of Sylvan Park
on Sep 3, 2020 at 2:34 pm

Concerned is a registered user.

About 10% of renters in our neighborhood have moved or are moving due to the work from anywhere approach by their employers. Most are moving out of state. So I think the housing shortage is taking care of itself.


Posted by Steven Goldstein
a resident of Old Mountain View
on Sep 3, 2020 at 5:42 pm

Steven Goldstein is a registered user.

Copncerned:

Just another example of what is to come here in Mountain View.

The Business Insider reports that rents are at a 6 year low in San Francisco. (Web Link

What is the cause, the Tech Exodus from what the report indicates?

I can imagine the property owner in Mountain View are reeling due to the price cuts they are having to make during this period, and these are not the CSFRA units, but current market ones.

OMG you should look at Zumper price trends in Mountain View found here (Web Link

A Studio Apartment at its peak in Aug 2019 on average was $2899, now it is $2095 a reduction of 28%. A Single Bedroom Apartment at its peak in Jun 2018 on average went for $3990, now it is $2499, a reduction of 37%. A Double Bedroom Apartment at its peak in Jun 2018 on average went for $5000, now it is $3200, a reduction of 36%. A Triple Bedroom Apartment at its peak in Dec 2018 on average went for $5500, now it is $4300, a reduction of 21%

And realize these apartment prices are skewed because most are luxury units in Mountain View. Investors in the Mountain View Rental market must be in effect freaking out.

For example when my landlord bought the property I live in in Feb 2016 the prices were like this:

A Single Bedroom Apartment on average went for $3120, now it is $2499, a reduction of 19%. A Double Bedroom Apartment on average went for $3570, now it is $3200, a reduction of 10%. A Triple Bedroom Apartment on average went for $4000, now it is $4300, an increase of 8%

But there are at most 2 units in my building that are 3 bedroom.

It looks like the prices have returned to the same prices as 2014 here.

In effect the rental business in Mountain View is really in trouble.


Posted by Steven Nelson
a resident of Cuesta Park
on Sep 5, 2020 at 9:59 am

Steven Nelson is a registered user.

@Steve G. Thanks for the Zumper link! There is a very telling statistic (I think it is from the 2010 Census?) 48% or the household in MV are renters, 52% are owners.

This is a statistic that most knowledge local Politicos are very aware of. To get Elected - you need to balance your message (gee if Votes really Matched 'promises') or else get ALL THE OWNER HOUSEHOLDS to help elect you. In Palo Alto, that last group is the "Residentialist" faction I believe. PA Councilwoman Kou would be one of those! In MV, look for "Neighborhoods first" on candidates signs/mailings (to single family targeted areas) to identify them by their 'message'.


Posted by Steven Goldstein
a resident of Old Mountain View
on Sep 5, 2020 at 10:35 am

Steven Goldstein is a registered user.

Steven Nelson,

If what you said is correct, the "owners" of Mountain View and the "renters" are not split as a electing body.

Remember when CSFRA passed, If what you said is correct at least 5-6% of the home owners voted for it.

And that in Measure D that number had to be somewhere at nearly 22%.

The reality is the Citizens of Mountain view are more cooperative than divisive. And I think as time goes on, more unity will build.

That is why many try to make up the idea that we "renters" and "owners" are not on the same side. This is a false narrative used by John Inks, Margaret Abe Koga and Lisa Matichak.

Lets both "renters and "owners" prove them wrong and vote them out of office together.



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