Bay Area Housing Shortage
Yes, the Bay Area has a severe housing shortage. Here is an example of why: “Almost 400 projects in the city (San Francisco) comprising 36,909 units have been approved for over two years but haven’t started construction, according to the planning department. Of those, 6,095 are affordable. Developers point fingers directly at local impact fees and the construction labor shortage…construction costs and fees have become insurmountable for developers.” San Francisco Business Times June 28, 2019