Blogging Bayport Alameda

August 7, 2017

Job/housing imbalance

Filed under: Alameda — Lauren Do @ 6:07 am

Oh and here’s another article about jobs being added faster than housing. From Curbed:

The verdict: San Francisco (or more accurately, the SF-Oakland-Hayward census area) created only one new home per 6.8 new jobs between 2010 and 2015.

Compare this to the period from 2005-2010 (which includes the recession), when homes beat out jobs by 1.6:1.

That comes out to an average of three jobs per home for the entire 2005-2015 decade. Which isn’t the worst—San Jose edges us out with 3.2, for example (although their short-term imbalance since 2010 is only 5.5).

That’s pretty abysmal folks.

And what’s the result from the lack of home building?

In any case, the site’s analysis also notes that rents (based on census data) are up 43 percent since 2005.

If anyone has been tracking home sale and rent prices in Alameda, you’ll know how crazily out of whack these prices are right now.  You know that thing about becoming a playground from the well-heeled, it feels like that trajectory is unstoppable at this point.

 

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3 Comments »

  1. Prices are only out of “whack” to a socialist whako who wants big brother to dictate market forces.

    Comment by jack — August 7, 2017 @ 7:27 am

    • Or to someone who wants to expropriate the property of others by telling them what they can and can’t do with their own property, the sanctity of which must not be impinged. But not to someone who’s hopelessly muddled in his thinking.

      Comment by BC — August 7, 2017 @ 8:47 am

  2. Are there numbers for City of Alameda?

    Comment by MP — August 7, 2017 @ 8:33 am


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