Around Town | May 19, 2023 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - May 19, 2023

Around Town

by Palo Alto Weekly staff

Around Town

This story contains 738 words.

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Posted by Native to the BAY
a resident of Old Palo Alto
on May 21, 2023 at 9:46 pm

Native to the BAY is a registered user.

How to shuttle and safe guard a rental market against the greed of capitalism. It’s nearly impossible for me to relocate my family within a PA Zip. A fourth Gen Palo Altan zip because of extreme greed, distrust, absolute gate iron like PAN Association membership gates. These associations metaphorically behave like those secondary iron front doors (iron screens) on EPA homes. Shutting, locking out anyone who might pose a threat to the “character” of their street, limiting rentals on their street, expanding the demands on erroneous and discriminatory job references, credit checks 3 times income to asking rent. 3 times savings to asking rent. Proof an acceptable automobile make, model, year, rental insurance — no bankruptcies, no evictions or no convictions . This is outside of excellent human being relations, excellent rental history, A+ references, co-sighners, good lasting jobs... it’s a gated community of the have’s a lot. V. The other half, Good luck! In Palo Alto... here is the read on greed ...
Web Link
1. Housing is Abruptly More Valued

COVID caused people everywhere to want more home. Extra zoom rooms and home offices and home gyms made residential housing, as an asset class, discontinuously more valuable than before. Will people abruptly go back to the “sharing economy” and movie theatres and sports bars and health clubs, reducing the primacy of “home” in our lives? It’s not clear, but it does not seem to be happening much yet.

2. Housing Was Underbuilt Even Before COVID

As a consequence of the Great Recession, many young people delayed starting families and buying a starter house. The cumulative amount of pent-up household formation continues to this day. Goldman Sachs estimates 2.4 million 25-44 year olds who would typically be starting their own household, but are currently not.

Should the light between the leaves give splice at EPA’s LightTree behind the Home Depot/IKEA (Irony not intended here but it is irony non-the less). BTW the waitlists are closed on all unit sizes.

Posted by Native to the BAY
a resident of Old Palo Alto
on May 22, 2023 at 1:10 am

Native to the BAY is a registered user.

The legit service workers are having a famed time time relocating in the very zip code they are 4th Gen residents. So a resident came here in 1932. Never bought a home here, yet served the community in volunteer hours for decade, after decade. Fast forward ty day. Why are rentals not only requesting proof of income to rent, no evicts/ex-convicts, near perfect credit score, proof of 3 x rent cash reserve. An all online application. Is this ADA green lighted.

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