Life in a big city is not cheap. And housing cost is probably the most substantial part of any big city family’s monthly budget. San Francisco, as well as many other US megalopolises, suffers from a lack of affordable housing. People in the area commonly blame computer industry for the problem. Indeed, world’s biggest IT marketplace, located in Silicon Valley, “continue to attract rich, smart people, who are willing to pay high prices”. This people’s flow in its turn boosts the region’s economy and allows the development of important infrastructures (Glaeser 32-34). However, overall population growth creates housing deficit and increasing the costs. A proper housing policy is required to fill the gap. However, San Francisco’s outdated …show more content…
All these demographic movements changed the neighborhood’s composition, and today, with the average cost of one-bedroom apartment at $2640 monthly, the city is officially the most expensive place to rent in the whole country (The Economist). The prices have almost doubled for the last 10 years, and, with more and more people coming, they will not stop growing. San Francisco November’s ballot shows that the population is concerned about the raise, as seven of the eleven propositions “were either directly or indirectly related to high home prices” (Dougherty). In addition, as the city gets bigger overall cost of living is increasing as well. As a result, many people today have found themselves priced out. Yet San Francisco’s population continues to grow. At the same time due to its geographical location and housing regulations the city is very limited in terms of building new constructions. Furthermore, historically San Francisco was designed to be way smaller that it is nowadays. All these factors combined are badly affecting people’s lives. And the interesting thing is that today majority of the townsmen rarely blame tech industry for the high prices. Without a doubt computer boom played a fair role in a development of the issue, but it has definitely been an overall positive experience, that pumped region’s economy and allow growth. Meanwhile, more and more often people criticize San Francisco’s government for been unable to control the situation.
When the recession happened, and the housing market crashed in Los Angeles a few years back many people lost their homes. The foreclosure crisis displaced many homeowners, drove up demand, and rental prices increased. Now, it is almost two years later, and the dramatic rent increases continue to soar. There would be no issue with cost of living increase except; the increases in income have yet to make the same shifts. “In many cities, rent is rising out reach of
The documentary San Francisco 2.0 examines how San Francisco city officials have given tax breaks to the Silicon Valley tech industry to move to San Francisco. These new techs companies have brought in a lot of wealth to the city, but at a cost. The majority of the low-income natives are being evicted or having their rents raised so high that they can't afford them. The gentrification of the city has impacted low-income districts (for example, the mission district known for its Latin immigrants) that the residents and the culture are being displaced. I believe the documentary is important for the study of the issue of gentrification because San Fransisco was known for being-counter culture, caring for the arts and for civil progress. The housing
Gentrification has greatly changed the face of Oakland so far in the 21st century. New shops and people are moving in at record numbers, greatly increasing the median income of the city; however, many long-term residents are being evicted due to increasing property values and rent prices. Many are also outraged at the loss of Oakland’s strong cultural roots, but at the same time, in low income areas, crime rates have greatly reduced and academic performance has increased. This begs the question: In what ways has gentrification positively and negatively affected Oakland so far in the 21st century?
In the constantly changing economy of cities, the growth of city housing is oftentimes neglected. In “Cities Mobilize to Help Those Threatened by Gentrification” Timothy Williams recounts how gentrification has evolved over the years. Mentioning how cities have changed in order to appease the younger professionals, Williams shows how the city itself is in jeopardy due to the tax increases. Slowly loosing their faithful residents as well as historic culture cities face a big deal. Williams gives quotes from faithful residents, “…long time homeowners are victims of the success story”, (Williams 346). In “Cities Mobilize to Help Those Threatened by Gentrification”, Williams uses his credible quotes and modern statistics to generate the reader’s emotions, with desire to change how city officials go about gentrification in culturally infused cities.
Through analysing the documentary “Boom: The Sound of Eviction” demonstrating the gentrification that has occurred in San Francisco we can examine a trend that has been occurring in the socio-spatial dialect. At the beginning of the film families were interviewed who were living in the community of Mission, typically inhabited by the working class but also artists who were not white. With the increase of technology (“dot.comers”), there was an increase of job opportunities and income for the select few that were able to take advantage of a fast growing industry increasing the gap between them and the working class. However at the end of the film we see that the “dot-comers” economy failed, 80% of the businesses shutting down rapidly increasing unemployment rates. However before it failed the individuals prospering took full advantage, “cleaning up” neighborhoods as white people move in, evicting others who had resided there their entire lives simply because they could pay a
Change is inevitable under any circumstance and the different regions in the Bay Area have all undergone changes in the past four decades. San Francisco county has seen some major changes especially in the department of income. Since the boom of the semiconductor industry in the 1950s and 1960s, San Francisco has been considered a high income region based on the numbers acquired from the censuses over the years. These censuses have calculated the per capita income, median household income, and median family income and these numbers have only increased indicating an increase in wealth in San Francisco. But with this increase in income comes income inequality. Since 1989, income inequality in the Bay Area, especially San Francisco, has increased
Change is inevitable under any circumstance, and San Francisco County (SFC), which consists of only the city itself, has seen some major changes in the area of income. Over the past four decades, the Bay Area censuses have calculated the per capita income and median family income which have both only increased in San Francisco (SF). This rise in income is usually a positive sign of a growing middle class, but in SFC, it is a sign of growing income inequality. While the entire Bay Area economy booms, the wealth being generated in SFC is landing in the hands of a select group of elites, widening the gap between the rich and the poor and making the middle class smaller. The SF government has even tried to appease this by raising the minimum wage to create a more liveable income for those residing at the bottom. But even with a raise in the minimum wage in SFC, income inequality continues to grow between the rich and poor as the rich continue to experience exponential economic gain, and the middle class continues to decrease in size.
The Bay Area has developed into one of the most rapidly increasing localized economies in the United States, where prices of everything have increased at a unprecedented rate. Since the inventions of the competing Apple and Microsoft companies started in the 1970s, technology has flourished and developed one of the most expensive areas in the world to live in. Because of the high paying jobs, it has attracted an unprecedented amount of people, skyrocketing the demand of housing in the area. This would ultimately cause a massive inflation that mainly affected home prices (and medical care). A debate has ensued due to whether the massive inflation related to housing is beneficial or detrimental to society as a whole.
When cities begin their journey of being gentrified, many locals become displaced. Displacement is when locals are uprooted from their homes, due to outside factors, and forced to move elsewhere. According to the Urban Displacement Project conducted by U.C. Berkeley, “Gentrification results from both flows of capital and people. The extent to which gentrification is linked to racial transition differs across neighborhood contexts... Displacement takes many different forms—direct and indirect, physical or economic, and exclusionary—and may result from either investment or disinvestment” (U.C. Berkeley). Many people are coming into San Francisco’s Bay Area because of how diverse each element is. However, according to Census numbers, between 1990 and 2010, 35.7% of San Francisco’s black population dwindled (Bliss). 35.7% of the black community within San Francisco suffered from displacement. An additional 53% of low-income households in the Bay Area are at risk for displacement and gentrification (U.C. Berkeley). This has definitely left a dent within the diversity reputation held up by the Bay Area. When such a strong large part of people leave, The City will experience a shift in culture and community. Whether, it is the real estate, the food, the different cultures, the Bay Area has always been known for being different. Perhaps, this is why so many outsiders are coming in and buying up every piece of land they can. Whether their intentions were to purchase land and
“I took a trip to Oakland, California and fell in love with the area. We stayed at an Air B&B for the three days of our stay and the house was absolutely beautiful, it looked like my dream home. Despite all the glitz and glamour around us we noticed a large amount of homelessness compared to Columbus. We found out that this property is not someone’s home but a house used strictly as an Air B&B. When you hear something like that and see the amount of homelessness it makes you wonder how many of these homes are strictly for show? So after researching I found out, the reason for the rampant homelessness can be attributed to large increases in rent. Even worse, the cause for the increase is due to Silicon Valley” (Kasongo, 2017). Unfortunately, rent increasing virtually overnight is the reality of many low-income families. This situation is called gentrification and is felt throughout the world, from the Midwest, East coast or even Western Europe, no region is immune to this process. Gentrification in the Midwest is extensive and wide causing the displacement of many low-income minority residents which can lead to even bigger issues.
We looked at a variety of ways to help alleviate this cost. Since one of the main issues causing high living costs in the Bay Area is shortage of housing one of the possible solutions could be building more housing. Possible problems here are that San Francisco itself is not too big of a city and in most cities of this type in the world the population density is increased by building tall buildings –
Gentrification is a problem that is occurring in many communities. The city of Boyle Heights in East Los Angeles is one of the communities that the citizens of the community are notice new apartments build, galleries owner by rich people, and high prices for apartment the people are not able to afford to live there. Because the renewal of neighborhood environments that transform and attract middle and upper-class households and investors, creating problems for those who cannot afford rises of rents. According to O’Regan, “some of the biggest concerns about gentrification-potential displacement and increased rent burdens-are driven by rent or housing cost increases” (152). The only way to
Gentrification has been a controversial issue both in urban planning and politics primarily due to the displacement of poor people by the rich folks (Shaw & Hagemans, 2015). Many individuals have viewed gentrification as an illegal act that should be avoided at all costs. On the other hand, another group of people believe that gentrification is the way forward to promoting growth and development. With such contrasting ideas, this paper is going to take a look at gentrification from a positive and negative perspective, its effects, and how it can be prevented or contained. Apart from this, the paper will also address the following questions.
Multiple reasons exist for the the lack of affordable housing. On the demand side these include population growth and increased migration to urban areas, easily accessible housing finance, tax incentives and a “strong cultural preference for owner-occupied detached houses”. On the supply side, affordability problems are exacerbated by inflexible and slow responses to the need for new housing stock, lack of infrastructure and generally inefficient planning processes and development assessment by local governments.