It's one of the most racially segregated cities in North America...
Via Elaine's Idle Mind blog (h/t Climateer Investing),
Good Zoning Laws Make Good Neighbors
Three years ago, FT had an article praising Tokyo’s laissez-faire zoning laws. Landowners can build and demolish as they see fit; the rules are set at the national level, so local governments have no say in the matter.
Authored by Ed Morrissey via HotAir.com,
Over the last few months, several attacks by large groups have targeted riders on San Francisco’s Bay Area Rapid Transit (BART) trains, resulting in robberies and injuries. The first of these took place in April and involved as many as sixty youth and seven victims, two of whom were beaten. The two most recent came at the end of June, including an armed robbery with a knife and another incident with a dozen perpetrators robbing a woman.
The tax payers of San Francisco, courtesy of a plea deal negotiated by the City Attorney's Office, will soon be handing over $190,000 to an illegal immigrant, who had a warrant out for his arrest mind you, after he filed a lawsuit alleging that city police violated 'sanctuary city ordinances' by handing him over to immigration officials. No, you've not lost your mind, this is real life.
Authored by Wolf Richter via WolfStreet.com,
Commercial and residential real estate bubbles choke the economy. The upper bounds of hype and craziness have been reached.
It seems that San Francisco's tech billionaires and their lower-level millionaire minions have finally lost their appetite for outrageously priced homes in the Bay Area. After five years of posting some of the highest YoY pricing growth of any market in the country, single-family home prices in San Francisco and San Mateo counties dropped 2.5% YoY in Q1 2017, making it the the worst performing market of the 100 largest U.S. metropolitan areas, according to an index released earlier today by the Federal Housing Finance Agency. Per Bloomberg: