Manville on Bay Area’s Housing Dilemma
Michael Manville, associate professor of urban planning, spoke to Courthouse News about the current housing crisis in the Bay Area. Affordable housing for middle- and low-income families is scarce, especially in the East Bay, in part because investors are outbidding traditional homeowners to buy multiple single-family homes. In addition, cities are simply are not building enough housing to meet demand. Manville commented on the city of Berkeley’s report on housing, saying, “Institutional investors like to buy in the Bay Area because the Bay Area doesn’t build housing. These companies feed off scarcity.” He added, “Berkeley needs more housing. The main way to keep it affordable is to build new housing so rich people don’t buy it up.”
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