URL: https://digitalcollections.hoover.org/objects/3602
Collection Structure Commonwealth Club of California records >  Sound recordings of club programs >  Real Estate in the Bay Area
Item Title Real Estate in the Bay Area
Collection Title Commonwealth Club of California records
Speaker Foster, T. Jack
Date Created March 02, 2005
Description Foster describes the cost of real estate in the Bay Area. He includes an analysis of how it relates to past years. He argues that trying to stop growth is akin to trying to stop a Tsunami. In the process, Foster describes the no-growth movement. He says the no-growth movement caused the housing crisis since, previously, the idea was to build more as more people move to California. He further links the movement with Proposition 13, saying people in large, luxury homes are preventing the building of other large, luxury homes. Moving on, he is worried about the effect of high housing prices has on the young, middle, and working classes. His solution to the problem of high prices is to build many more homes and bring supply and demand back into balance. He advocates repealing Proposition 13, but limiting the subsequent tax increase to fifty cents on the dollar.
Subject(s) California Housing development Real property tax
Language(s) English
Country of Origin United States
Place Recorded San Francisco, California, United States
Dimensions Duration: 59 minutes, 15 seconds
Format Sound Recording
Medium speeches (documents)
Hoover ID Program 20050302fo; 2003c87_a_0003011
Record Number 2003C87.3291
Collection Guide https://oac.cdlib.org/findaid/ark:/13030/kt3g5032c1
Rights Used with permission of the Commonwealth Club of California.This copy is provided for educational and research purposes only. No publication, further reproduction, or reuse of copies, beyond fair use, may be made without the express written permission of the copyright owner.