Is it a stretch to say Prop. 10’s rent control is bad economics?

(Photo by Dean Musgrove, Los Angeles Daily News/SCNG) Simply put, the economic concept of “elasticity” is in play with Prop. 10. This theory measures what a consumer may do when faced with changes in the price of a product or service. Or how far you’d rationally stretch your budget to buy something. Read more @bethanywpatten …

Most Americans Like Their Neighbors

THREE-QUARTERS OF HOMEOWNERS SAY THEY HAVE GOOD NEIGHBORS Here is some promising news for anyone who is planning a move: There’s a better-than-average change that you’ll like your new neighbors. Realtor.com’s 2018 Good Neighbors Report found that 77 percent of Americans think that they have good neighbors, compared with just 7 percent who believe the …

Bay Area Housing Markets Got Spooked in September

  Bay Area home sales declined by 20 percent year over year in September, with all counties posting drops, led by Sonoma and Contra Costa. In 2018, the region’s housing market activity is trending 4 percent lower year to date. The rebalancing between buyers and sellers is driven by affordability constrains and buyer fatigue, with …

Perched up on San Francisco’s Russian Hill

    Check out this $45 million Russian Hill compound that just hit the market Perched up on San Francisco's Russian Hill, the sweeping views from 950 Lombard St. reach from Alcatraz to Salesforce Tower. But the roughly 9,500-square-foot gated compound at that address is a sight to behold itself. If purchased for its $45 …