Fractional mortgage loans used to convert apartments into owner-occupied tenancies-in-common have fed theeviction and displacement crisis in San Francisco, where the median home price just surpassed $1 millionfor the first time. Now, some of the same San Francisco banks that pioneered fractional loans here have started offered them in the East Bay and on the Peninsula.
“San Francisco banks that pioneered fractional TIC loans here have started offered them in the East Bay and on the Peninsula.”
Oakland is enjoying a moment in the sun right now, as evidenced by a recent spate of media hits and amorous outpourings on social networks. But after Nat Geo photographer Catherine Karnow and I spent time there on assignment, we both left convinced that the city’s ascent isn’t fleeting, but one that will have a long tail, bolstered by a steady stream of colorful shop and restaurant openings and an influx of equally colorful characters seeking lower rents and a less stressful lifestyle.
Read more about the impressive rise of the west coast “Brooklyn”… evolving, growing and a truly rising star on the horizon!
July 12th, 2014 Love Our Neighborhood Day, North Oakland and Emeryville. Come out and Play from 11am to 3pm! @loveourhood
Join us for a community outreach day from San Pablo Ave, 55th, Doyle, and 65th St will become human powered fun!
By Michele Chandler Rising property values in San Francisco are finally rippling out to surrounding communities, helping to fuel a flurry of development in the East Bay. Major multifamily, retail and office projects are going up along an important stretch of Interstate 580 that includes the neighboring cities of Livermore, Dublin and Pleasanton. Retail is […]
“Major multifamily, retail and office projects are going up along an important stretch of Interstate 580”