Ian Rees 
Member since Mar 4, 2015


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Recent Comments

Re: “Chinese Shadow Banker and Blackhawk Luxury Developer Taking Control of East 12th Street Parcel

UrbanCore always intended to have a capital partner; the previous financing proposal was for UDR to have 97.5%, UrbanCore 2.5% (February 2015 staff report).

Posted by Ian Rees on 11/14/2016 at 10:13 AM

Re: “UC Berkeley Report: Affordable Housing is Best Way to Combat Gentrifcation

Also -- filtering works both ways. In extreme shortage conditions, older housing filters up because no other type of housing is available. This understandably happens when the cost and time to build new housing is dramatically higher than renovating an existing home.

Posted by Ian Rees on 05/27/2016 at 2:50 PM

Re: “UC Berkeley Report: Affordable Housing is Best Way to Combat Gentrifcation

Zuk and Chapple agree with the LAO that market rate housing reduces displacement pressure. They replicated that finding. However, they believe that subsidized housing has a greater immediate effect. I don't think this was seriously disputed -- but given the severe lack of funding, the opportunities for subsidized housing are limited. Given the areas of agreement in both the LAO and Zuk/Chapple reports, we should maximize production of both market rate and subsidized housing (as much as can be funded) at the same time to reduce displacement pressure. All new housing has a positive effect, and it should be widely built across the region wherever it is feasible. Hopefully, new laws such as AB2501, AB2522, and the Governor's streamlining proposal will substantially ease the regulatory burden for critically needed infill housing at all income levels.

Posted by Ian Rees on 05/27/2016 at 2:41 PM

Re: “Proposed Hotel in Oakland's Chinatown Gains Approval Despite Minimum Wage Violations

So, allow the hotel to be built, then apply intense pressure to unionize. More jobs. More hotel rooms. More tourists. More tax revenue. Less parking lots.

Posted by Ian Rees on 05/05/2016 at 10:07 AM

Re: “Oakland Official Handling Coal Controversy Personally Invested in Fossil Fuels

Thanks to this article, I'm now imagining Cappio in the temple of the Illuminati, carefully orchestrating the selection of the environmental consultant through a seance with the ghost of Leeland Stanford; Warren Buffet laughs manically in the background, surrounded by Tagami and Schaaf in dark robes chanting incantations to summon the Coal God.

Posted by Ian Rees on 05/03/2016 at 10:52 AM

Re: “Oakland Official Handling Coal Controversy Personally Invested in Fossil Fuels

The beauty of this article is that the author can take a look at the investment disclosure form and create any narrative, for or against any decision, that can be imagined. In this case, we're even stretching to any company that does business with any investment. I'm against the coal terminal, but this is too much.

Posted by Ian Rees on 05/03/2016 at 10:40 AM

Re: “Reverse Redlining Won't Fix Oakland's Housing Crisis

The author walks quite far onto a limb by asserting that market rate development drives displacement. This linkage is questionable, given that Oakland rents have doubled despite just a tiny handful of new market rate homes produced since the recession. Instead, given the extreme lack of supply, we've seen existing Oakland homes bid up and renovated, and the past several years have worked through most of the "fixer upper" supply in North and West Oakland. I myself am a resident of East Oakland, and I keep a very close watch on real estate transactions; prices are already rising, with a number of eye-opening sales between the Lake and 23rd Ave. These sales prime and set the market, important markers that will almost immediately translate into increased pressure on renters, particularly in smaller 1-3 unit homes in East Oakland that are often not covered by rent control. The overwhelming cost and difficulty of building new homes makes these buildings more attractive to investors, even when they have decades of deferred maintenance and require substantial repairs. With the city policy hemmed in by State law, the best outcome would be to lower demand for these older, 'naturally affordable' housing units by making it as easy as possible to create brand new homes. This is a solid rationale for lower impact fees in East Oakland, the region of the city with by far the least amount of new development.

Posted by Ian Rees on 05/02/2016 at 10:25 AM

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