"The East Bay hub is poised for an economic boom, but the city needs to overcome a deep-seated resistance to growth."
The East Bay hub is poised for an economic boom, but the city needs to overcome a deep-seated resistance to growth.
At least in SF, microhousing seems to be priced around $1,500 to $1,800 / month, which isn't that great for 300-400 sq ft. Not sure if you would call that relatively inexpensive (I certainly wouldn't).
If it's market-rate housing and it's up to developers to decide the price point, it could end up being something like this:
"496-square-foot studios start at $2491 a month"
The point is, just building "micro" isn't enough to make it inexpensive. Long-term sustainably-priced housing in Oakland isn't going to be available to everyone, but perhaps we can try to set aside a portion of the land or properties near public transit to be for low or middle income residents. This could be done on city-owned land, with new construction contracted out, or the city could buy some land or properties that could be converted to micro apartments. Units could be owned by the city or bought and sold by tenants at a fixed price. I'm no expert on this stuff, but it seems like the city has to take action in some way to guarantee that the housing will be affordable for an economically diverse group of people, "the market" isn't going to do that. In whichever situation works best, the point is to eliminate the possibility of using this kind of housing as a speculative investment.