Spiraling Home Costs Are Bad For Economic Development

Want to live Northern California's Bay Area? You'll need to earn at last $124,000 per year, according to a new study.

1 minute read

January 29, 2004, 1:00 PM PST

"The yawning gap between incomes and Bay Area housing costs is pushing home ownership out of reach for all but the older and most affluent, according to a new report... Increasingly, economists worry that the Bay Area's skyrocketing housing costs are putting the region at a competitive disadvantage. A study released by the Bay Area Economic Forum earlier this month found the region's productivity advantage over the nation -- a measure of the goods and services produced per person -- fell from 43 percent in 2000 to 31 percent in 2002, due largely to higher costs of living and, in particular, housing."

Thanks to MTC Library Headlines

FULL STORY: Ever fewer can afford a house in Bay Area

Wednesday, January 28, 2004 in The San Francisco Chronicle

Community / Economic Development California

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.