I’m still hung up on this. Sac has had 3 straight years of rent declines in real terms, its population grew and incomes grew double digits. This is the opposite experience of cities like SF/LA where rents rose alongside economic prosperity. It’s not inevitable! www.colliers.com/en/research/... - ThreadSky

urbanlandrent.foundation • 8 days ago

I’m still hung up on this. Sac has had 3 straight years of rent declines in real terms, its population grew and incomes grew double digits. This is the opposite experience of cities like SF/LA where rents rose alongside economic prosperity. It’s not inevitable!
https://www.colliers.com/en/research/sacramento/q1-2025-sacramento-multifamily-market-report

Comments

urbanlandrent.foundation•8 days ago

Further, Homeless PIT counts declined by 1/3rd in Sac county last year. This is exactly what the research tells us should happen! Homelessness increases with rents. Rents increase with lower residential vacancy rates. Lower vacancy rates are tied to housing shortages.

https://www.kcra.com/article/sacramento-homelessness-drop-pit-count-report-2024/61005711

jacksonp42.bsky.social•8 days ago

If and when I bring this up in a public meeting, I expect that the response will be "...But we're not Sacramento!"

nextdoorsv.bsky.social•8 days ago

My community is special!

nextdoorsv.bsky.social•8 days ago

Pretty amazing that Sacramento was able to ban blackstone, ban blackrock, ban rich foreigners, ban rich transplants, ban realpage, ban tech jobs, ban greedy landlords, and overthrow capitalism to make this happen in such a short period of time.

progressiveknife.bsky.social•8 days ago

Huh, it really is all housing, except for the things that are gender.

datadrivenfp.bsky.social•7 days ago

And housing is leftover racism, so there's that.
https://www.habitat.org/stories/historic-housing-discrimination-us

https://journals.sagepub.com/doi/abs/10.1177/0096144212470245

yankeebravobravo.bsky.social•8 days ago

Inland California showing the way!

(SMUD is pretty great too but I always warn folks that municipalizing yr electric utility is *way* more likely to lead to LADWP than SMUD)

urbanlandrent.foundation•8 days ago

SMUD has a lot going for it, but its service area is probably the thing that sets it up for the most success.

No WUI we have to concern ourselves with.

norcalgardenofeden.bsky.social•8 days ago

I’ve been reading more about the plans to long-term support natural gas baseline generation with a carbon capture boondoggle…unless the Federal/State Gov is going to come in and fund that the project long-term, it’s going to be an albatross and a high probability bad bet on a unproven technology.

yankeebravobravo.bsky.social•8 days ago

y'all dodged a bullet not letting Placer County in

urbanlandrent.foundation•8 days ago

YOLO voted against joining us a couple decades go! Dodged a bullet there too.