Big Tech on the Block: Examining the Impact of Tech Campuses on Local Housing Markets in the San Francisco Bay Area

2021 ◽  
pp. 089124242110361
Author(s):  
Karen Chapple ◽  
Jae Sik Jeon
Keyword(s):  
Real Estate ◽  
San Francisco ◽  
San Francisco Bay Area ◽  
Housing Prices ◽  
Housing Price ◽  
Housing Markets ◽  
Difference In Differences ◽  
Bay Area ◽  
The Impact ◽  
The Relationship

The rapid growth of tech company headquarters such as Apple, Facebook, and Google could potentially put new pressure on the housing market in adjacent residential neighborhoods, in the form of housing price appreciation and real estate speculation. This article examines the relationship between the big tech corporate campuses and Silicon Valley/San Francisco housing markets using the Zillow (ZTRAX) transaction and tax assessor data. The authors compare real estate activity adjacent to new company locations with activity in nearby areas, conducting a difference-in-differences analysis to estimate changes in housing prices and speculation. They find that housing prices increase overall by an additional 7.1% in the immediate vicinity of the tech campus 2 years after arrival, with wide variation across campuses. The authors also identify significant real estate speculation occurring prior to firms’ arrival. This suggests that cities should take a proactive role in mitigating tech firm impacts on vulnerable adjacent neighborhoods.

scholarly journals Segmented Housing Search

2020 ◽  
Vol 110 (3) ◽  
pp. 720-759 ◽  
Author(s):  
Monika Piazzesi ◽  
Martin Schneider ◽  
Johannes Stroebel
Keyword(s):  
San Francisco ◽  
San Francisco Bay Area ◽  
Supply And Demand ◽  
Housing Markets ◽  
Search Model ◽  
Local Market ◽  
Search Activity ◽  
Bay Area ◽  
Supply And Demand Shocks ◽  
Housing Search

We study housing markets with multiple segments searched by heterogeneous clienteles. In the San Francisco Bay Area, search activity and inventory covary negatively across cities, but positively across market segments within cities. A quantitative search model shows how the endogenous flow of broad searchers to high-inventory segments within their search ranges induces a positive relationship between inventory and search activity across segments with a large common clientele. The prevalence of broad searchers shapes the response of housing markets to localized supply and demand shocks. Broad searchers help spread shocks across many segments and reduce their effect on local market activity. (JEL D83, R21, R31)

A Musical Technography of John Bischoff

2004 ◽  
Vol 14 ◽  
pp. 75-79
Author(s):  
Douglas Kahn
Keyword(s):  
San Francisco ◽  
Early Development ◽  
Computer Music ◽  
Turning Point ◽  
San Francisco Bay Area ◽  
Experimental Music ◽  
Music Technology ◽  
Electronic Components ◽  
Bay Area ◽  
The Impact

John Bischoff has been part of the formation and growth of electronic and computer music in the San Francisco Bay Area for over three decades. In an interview with the author, he describes his early development as a student of experimental music technology, including the impact of hearing and assisting in the work of David Tudor. Bischoff, like Tudor, explored the unpredictable potentials within electronic components, and he brought this curiosity to bear when he began working on one of the first available micro-computers. He was a key individual at the historical turning point when computer music escaped its institutional restric-tions and began becoming widespread.

scholarly journals Commuter Response to Traffic Information on an Incident

1998 ◽  
Vol 1621 (1) ◽  
pp. 36-42 ◽  
Author(s):  
Ronald Koo ◽  
Youngbin Yim
Keyword(s):  
San Francisco ◽  
Travel Behavior ◽  
San Francisco Bay Area ◽  
Traffic Information ◽  
Behavior Changes ◽  
Bay Area ◽  
Telephone System ◽  
Changes Over Time ◽  
The Impact ◽  
Insight Into

How traffic information is obtained and how it affects travel behavior when a major freeway is congested are presented and discussed. Immediately following a major highway incident south of San Francisco that caused congestion, a telephone survey was conducted of commuters who use the affected corridor of the highway. The behavior of commuters before and during their commute at the time of the incident was determined, including obtaining traffic information and how the information influenced changes in route, mode of travel, and departure time. The results of the survey suggest that traveler behavior is largely unaffected by individual incidents of congestion. Furthermore, although a fair proportion of commuters do obtain traffic information, they do not often modify their travel behavior in response. This study is one of several that collectively will provide insight into how travel behavior changes over time and allow the authors to assess the impact of TravInfo Traveler Advisory Telephone System in the San Francisco Bay Area.

scholarly journals The story of property: Meditations on gentrification, renaming, and possibility

2020 ◽  
Vol 52 (5) ◽  
pp. 837-855 ◽  
Author(s):  
Rachel Brahinsky
Keyword(s):  
San Francisco ◽  
Legal Status ◽  
Urban Landscape ◽  
San Francisco Bay Area ◽  
Housing Markets ◽  
Bay Area ◽  
Economic Forces ◽  
Global North ◽  
Urban Places

Property is a story. We assign land and resources legal status, and we narrate this as ownership and power. The interlocking loans, credit, and debt from which housing markets are compiled are built through narratives about value and its origins. The urban landscape, which is made by those markets, is produced through a confluence of human decisions, made with information about conditions and access. This information is based in stories—stories about what will sell, whether risk is viable, and what constitutes risk itself. These interlocking stories produce processes such as gentrification, one of the key contemporary challenges of booming cities in the Global North. Stories about the value of property, the primacy of growth, the role of race in valuation, and the urgency to invest in the urban landscape all shape gentrification. Meanwhile, stories from below have power too, offering important reframing. This paper examines two gentrifying neighborhoods in the San Francisco Bay Area, analyzes the role of narrative in framing urban change there, and identifies counter-narratives that offer tangible alternatives with the potential to drive decisions around urban development. In sum, this paper foregrounds the role of narrative and storytelling in defining the economic forces such as property that shape urban places.

scholarly journals Artywistyczne praktyki mapowania przeciw kryzysom. W stronę miejskiej potencjalności

2020 ◽  
pp. 444-460
Author(s):  
Joanna Pankau
Keyword(s):  
San Francisco ◽  
San Francisco Bay Area ◽  
Practical Consideration ◽  
Critical Cartography ◽  
Bay Area ◽  
Political Perceptions ◽  
Crisis Mapping ◽  
Asking Questions ◽  
Relationship Of ◽  
The Relationship

The article focuses on the artistic-activist practicies of mapping urban crises, asking about their critical and transformational potential. Artivistic mapping – combining artistic practices with a form of political activism – is recognized in context of extracting inequalities in monitoring crisis areas, as well as the city’s transformational capabilities. Looking at the involvement of artists and activists in mapping projects is combined with the question of the potential for anti-crisis action – shaping political perceptions and stimulating alternative practical responses to generated urban problems. The following issues are addressed: (1) counter-mapping and the relationship of artistic practices with critical cartography, (2) the development of activist mapping forms – maptivism and crisis mapping, and (3) references to the interests of new urban ontologies, in particular the on-epistemological dimension of urban mapping assemblage, binding issues of updating and the potential of cities. Mapping is recognized in the critical-activating dimension as a form of cognition oriented on creative experimentation and interference in existing reality. Because of this, it is an interesting and prolific area for practical consideration of the form of ‘engagement policy’ through ‘research of potentiality’. It is worth considering in what sense the practices of artistic and activist crisis mapping can be a “turning point” – opening “a window to new ways of seeing and imagining” (K. Dovey, M. Ristic). It is primarily a field for asking questions about transformational mapping possibilities – perceiving the city as a place of “radical potentiality” (C. McFarlane). In order to illustrate the problem more clearly, the last part of the work analyzes the anti-gentrification activities in the San Francisco Bay Area, in particular the mapping practices undertaken by Anti-Eviction Mapping Project.

scholarly journals Examination Of The Influence Of Service Quality On Membership Renewal In Fitness Centers In San Francisco Bay Area

2010 ◽  
Vol 3 (2) ◽  
Author(s):  
Pei Chih Wei ◽  
Huang-Chia Hung ◽  
Hiu-Chu Yang ◽  
Yu-Jui (Arthur) Hsu ◽  
Zhengwei Ma
Keyword(s):  
Service Quality ◽  
San Francisco ◽  
Service Providers ◽  
San Francisco Bay ◽  
San Francisco Bay Area ◽  
Customer Relationship ◽  
Fitness Centers ◽  
Fitness Center ◽  
Bay Area ◽  
The Impact

Corporations have to learn how to satisfy their customers’ various demands as the era of interactivity with customers has emerged (Pepper & Rogers, 1999). For fitness center, customers’ demands are increasing and diversified. Therefore, service quality is an index of quality assessment from customers for service-producing industries. Furthermore, the concept of corporate expansion and customer relationship has become the foundation of service-providers for higher profitability through customers’ renewal of membership. The main purpose of this study is to evaluate the impact of service quality on the renewal willingness of fitness center membership. Customers from four fitness centers in the San Francisco Bay Area, USA, were randomly selected for this survey. A total of 50 subjects participated in this survey. The data was analyzed by multiple regression and stepwise regression. The result indicated that the service quality has positive influence on the renewal willingness of membership.

scholarly journals The effects of tourism on housing prices: applying a difference-in-differences methodology to the Portuguese market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
António Manuel Cunha ◽  
Júlio Lobão
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Housing Price ◽  
Generalized Least Squares ◽  
Equation Model ◽  
Seemingly Unrelated Regression ◽  
Housing Supply ◽  
Difference In Differences ◽  
Content Type ◽  
Price Increases

Purpose This paper aims to explore the effects of a surge in tourism short-term rentals (STR) on housing prices in municipalities within Portugal’s two largest Metropolitan Statistical Areas. Design/methodology/approach This study applies the difference-in-differences (DiD) methodology by using a feasible generalized least squares (FGLS) estimator in a seemingly unrelated regression (SUR) equation model. Findings The results show that the liberalization of STR had a significant impact on housing prices in municipalities where a higher percentage of housing was transferred to tourism. This transfer led to a leftward shift in the housing supply and a consequent increase in housing prices. These price increases are much higher than those found in previous studies on the same subject. The authors also found that municipalities with more STR had low housing elasticities, which indicates that adjustments to the transfer of real estate from housing to tourism were made by increasing house prices, and not by increasing supply quantities. Practical implications The study suggests that an unforeseen consequence of allowing property owners to transfer the use of real estate from housing to other services (namely, tourism) was extreme housing price increases due to inelastic housing supply. Originality/value This is the first time that the DiD methodology has been applied in real estate markets using FGLS in a SUR equation model and the authors show that it produces more precise estimates than the baseline OLS FE. The authors also find evidence of a supply shock provoked by STR.

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