Jobs and Housing (Im)balance in the San Francisco Bay Area

Center for Applied Housing Research, Working Paper 2018-3

15 Pages Posted: 27 Nov 2018 Last revised: 10 Nov 2020

See all articles by Venoo Kakar

Venoo Kakar

San Francisco State University

Gerald Daniels

Howard University

Aditi Grossman

San Francisco State University, College of Business, Department of Economics, Students

Date Written: November 1, 2018

Abstract

A lack of affordable housing is a growing crisis for many communities in the US, particularly in urban neighborhoods with constrained housing markets. We discuss the housing imbalance and affordability crisis in the San Francisco Bay Area. Land use regulations are the biggest impediment in restricting housing supply in this robust and booming urban economy. Indirect effects of land use regulations are observed in the loss of housing wealth, greater spatial distribution of people across labor markets, and losses in overall productivity of workers. Specifically, we discuss the dynamics of housing supply and demand in the area to better understand the distribution of home prices and lack of affordable housing as it relates to the jobs-housing imbalance. We discuss various facets of housing demand, including employment, wage, and productivity growth. Finally, we discuss policy interventions that can minimize the adverse effects of the jobs-housing imbalance and promote greater housing affordability.

Keywords: Housing, San Francisco Bay Area, Imbalance, Supply, Demand, Regulation, Real Estate, Land Use

JEL Classification: O1, O2, R1, R2, R3, R5

Suggested Citation

Kakar, Venoo and Daniels, Gerald and Grossman, Aditi, Jobs and Housing (Im)balance in the San Francisco Bay Area (November 1, 2018). Center for Applied Housing Research, Working Paper 2018-3, Available at SSRN: https://ssrn.com/abstract=3277166 or http://dx.doi.org/10.2139/ssrn.3277166

Venoo Kakar (Contact Author)

San Francisco State University ( email )

1600 Holloway Avenue
San Francisco, CA 94132
United States
4154053461 (Phone)
4153381057 (Fax)

HOME PAGE: http://www.venookakar.com

Gerald Daniels

Howard University ( email )

2400 Sixth St NW
Washington, DC 20059
United States
(202) 806-9895 (Phone)
(202) 806-4896 (Fax)

HOME PAGE: http://gerald-daniels.com/

Aditi Grossman

San Francisco State University, College of Business, Department of Economics, Students ( email )

San Francisco, CA
United States

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