The September overbids are here! After months of high profile neighborhoods in Oakland and Berkeley claiming the spots in our monthly posts, this September brought change in the form of fixer uppers facing the most competition, and thus causing overbids.
Oakland’s population grew from 390,865 in 2010 to 406,253 in 2015, according to the U.S. Census Bureau, and is expected to reach 435,000by 2020.
Unlike most major California cities,Oakland has no inclusionary/affordable housing ordinance. However, political pressure from affordable housing advocates to extract more benefits from market-rate development has caused city leaders to consider this concept.
Back in 1849, a dozen eggs would cost you the equivalent of $90.
When the average wage for a laborer in New York might be one or two dollars a day, he was astounded to discover that individual hotel rooms were rented to professional gamblers for upwards of $10,000 a month – the equivalent today of about $300,000.