City Council needs to address this issue.
"This Palo Alto young lady could not have portrayed the problem any better, for Pacifica as well as Palo Alto.
Supply and demand is basic economics. More affordable work force housing is needed all over the bay area none more than in Pacifica. Our politics of the last 30+ years has hamstringed new housing projects. Delays and obstructionism has created this perfect storm of unaffordability. We desperately need leaders that understand that there are solutions to the challenges Pacifica faces in providing housing for our work forces. Not just police and teacher but for the rest of those working couples that aren't making six figure salaries. Read this letter closely. It says a lot." Jim Wagner
|Protect our community, through an|
earnest plan to build affordable housing.
This letter serves as my official resignation from the Planning and Transportation Commission. My family has decided to move to Santa Cruz. After many years of trying to make it work in Palo Alto, my husband and I cannot see a way to stay in Palo Alto and raise a family here. We rent our current home with another couple for $6200 a month; if we wanted to buy the same home and share it with children and not roommates, it would cost $2.7M and our monthly payment would be $12,177 a month in mortgage, taxes, and insurance. That’s $146,127 per year — an entire professional’s income before taxes. This is unaffordable even for an attorney and a software engineer.
.... ... the cost of housing is astronomical not just in Palo Alto but many miles in each direction. .... Over the last 5 years I’ve seen dozens of my friends leave Palo Alto and often leave the Bay Area entirely. I’ve seen friends from other states get job offers here and then turn them down when they started to look at the price of housing. .... Until renters, younger people, and people of more modest means organize, this problem will continue throughout the Bay Area." Read more.
Submitted by Jim Wagner
Note graphic (chosen by the poster) from Habitat for Humanity, "High housing cost burdens in the United States."
Posted by Kathy Meeh