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220302 1505 Fwd_ Big investors are snapping up homes — but not in the Bay AreaFrom:Frances Marquez To:Frances Marquez Subject:Fwd: Big investors are snapping up homes — but not in the Bay Area Date:Wednesday, March 2, 2022 3:05:05 PM Sent from my iPhone Begin forwarded message: From: Michele Magar <tanyaprojectmlp@gmail.com> Date: March 2, 2022 at 12:49:39 PM PST To: Frances Marquez <fmarquez@cypressca.org>, Jonathan Kung <jkung@ucsd.edu> Subject: Fwd: Big investors are snapping up homes — but not in the Bay Area  FYI, how Bay Area local jurisdictions are dealing with the affordable housing crisis — you may get ideas that can work in Cypress once Frances is in the majority next year. Frances, if you give me your new intern’s email address I can include her in these emails in case she is interested in reading them. — Michele Begin forwarded message: From: "Full House - The Mercury News" <e-news@email.bayareanewsgroup.com> Subject: Big investors are snapping up homes — but not in the Bay Area Date: March 2, 2022 at 12:15:13 PM PST To: tanyaprojectmlp@gmail.com Reply-To: housingteam@bayareanewsgroup.com Wednesday, March 2, 2022 Hey, neighbors! ... Here's today's Full House newsletter. Click here for our latest coverage of the Bay Area's housing crisis. Find all of ourreal estate coverage here. Join the conversation about Bay Area housing in our Facebook group How much are homes selling for in your neighborhood? Check out the latest real estate transactions: Contra Costa County | San Jose and Peninsula areas Big investors are snapping up homes — but not in the Bay Area Read more → Corporate investment in residential real estate hit record levels in 2021 — but not in the Bay Area. “Investors want high returns,” said a Redfin chief economist. “The Bay Area is kind of past its heyday.” Why has this housing for homeless Oaklanders been sitting empty for months? Read more → Four new townhomes built for homeless families have been sitting empty while the owner struggles to meet complicated city permitting requirements. East Palo Alto considers diluting controversial tenants' rights ordinance Read more → After fierce pushback from some homeowners, City Council voted to pause discussion of its “Opportunity to Purchase Act” for up to 10 months. Terraces of Lafayette apartment project hits another delay Read more → The battle for the apartments has been going on for a decade. Palo Alto won't pursue mixed- use projects to build affordable housing in official response to Grand Jury report Read more → Palo Alto council members pushed back on a Grand Jury report which said it was slacking on building affordable housing. Where should Oakland build 26,000 new homes? The city wants to hear from you A new interactive map gives residents a say in where Oakland should put the thousands of new homes mandated by the state. Read more → Saratoga's plan for future housing leaves residents frustrated Read more → Northern Saratoga residents were left feeling frustrated after city council finalized its Housing Element sites at a Feb. 16 meeting, allocating large portions of the city's future housing development near their neighborhoods. Californians going back to the office soon? Investors don't think so Compared to pre-pandemic 2019, California office- space buyers pent 24% less than 2019 in 20% Read more → fewer deals involving 26% less space sold. banglogo Copyright © 2022 Bay Area News Group. All rights reserved. 4 N. Second Street, Suite 700 | San Jose, CA 95113 Unsubscribe