Friday, July 14, 2017

FRIDAY - one day closer to the weekend



- 11 Foolproof Storage Solutions for Corner Kitchen Cabinets
- Bay Area property assessments hit $1.6 trillion after 7.4% rise
- Lack of affordable housing hampering Bay Area growth
- Housing woes, labor shortages might “disrupt” Bay Area economy, forecast says
- Bay Area rents: Oakland rises, San Francisco and San Jose decline — but little relief
- Facebook village? Social media giant to build 'social housing'
- Trending Now: 4 Ways to Design a Home Office

Enjoy!


Bay Area property assessments hit $1.6 trillion after 7.4% rise - Under Proposition 13, real property (residential and commercial) is generally reassessed when it changes hands. In between changes of ownership, the assessed value can go up by an inflation factor not to exceed 2 percent a year, and by the value of major improvements or additions. When real estate prices are soaring, counties can reap big tax gains when property is transferred.

Lack of affordable housing hampering Bay Area growth - Home sales in the Bay Area are down to recession-era levels, partly because many prospective buyers can’t afford the current prices. For San Francisco residents who own their home, a little less than half of their income (40.2%) goes toward their mortgage, according to Zillow. That factor is more attributable to the region’s high salaries than it is to low housing costs.

Housing woes, labor shortages might “disrupt” Bay Area economy, forecast says - Job growth has slowed in the Bay Area’s three biggest urban centers. In Santa Clara County, the East Bay and San Francisco alike, employers simply aren’t hiring as briskly as they did in recent years, the Beacon economists said Tuesday in an assessment of regional economies in California.

Bay Area rents: Oakland rises, San Francisco and San Jose decline — but little relief - A 2017 Mid-Year Rent Trends Report from Abodo, an apartment listings website, has rents tailing off slightly in San Francisco (down 1.2 percent) and San Jose (down 1.8 percent), while increasing a tad in Oakland (up 0.5 percent). For each market, Abodo has averaged the median rents for one-bedroom apartments across the first six months of 2017.

Facebook village? Social media giant to build 'social housing' - Mark Zuckerberg’s company said it was being forced to build the “mixed-use village” called Willow Campus in Menlo Park, about 30 miles south of San Francisco, because the regional government’s “failure” to invest in infrastructure has led to sky-high rents and hours-long commutes to work.

Trending Now: 4 Ways to Design a Home Office - Take a peek at these popular photos showing dedicated home offices, flex rooms and hardworking alcoves. Some of my faves:









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