Former Bay Guardian editor and publisher Tim Redmond has a great new investigation on his 48Hills site showing how many new luxury condos in San Francisco are owned as investments by out-of-towners, puncturing the myth that unfettered market-rate housing development will help with the city’s affordability crisis. Check it out.
French economist Thomas Piketty got a warm welcome in San Francisco last night [Tues/22] when nearly 200 people turned out to hear him discuss what is fast-becoming the defining book of this new Gilded Era of escalating disparities in wealth: Capital in the 21st Century.Read more »
San Francisco lost a piece of its soul when Warren Hellman died last night. In a deeply polarized city, where Occupy’s paradigm of the 99 percent versus the 1 percent resonates more than anywhere, Hellman showed how an extremely wealthy investment banker could champion the interests of all San Franciscans.Read more »