Read the full story here Web Link posted Friday, November 27, 2009, 11:08 AM
Town Square
High rent forces out local advocate of affordable housing
Original post made on Nov 27, 2009
Read the full story here Web Link posted Friday, November 27, 2009, 11:08 AM
Comments (3)
Posted by Isolde
a resident of Menlo Park: Downtown
on Nov 27, 2009 at 11:53 am
a resident of Menlo Park: Downtown
on Nov 27, 2009 at 11:53 am
Hey Sean,
The big story here is a new owner raising the rent 62%! Check it out and do a story.
Posted by old timer
a resident of Menlo Park: Downtown
on Nov 27, 2009 at 12:23 pm
a resident of Menlo Park: Downtown
on Nov 27, 2009 at 12:23 pm
we need to build more housing downtown so the landlords can't get away with raising the rent 62%.
Posted by huh?
a resident of Menlo Park: other
on Nov 28, 2009 at 9:45 am
a resident of Menlo Park: other
on Nov 28, 2009 at 9:45 am
How will more housing downtown keep rent down? New housing no doubt will cost quite a bit to build, so why wouldn't those rents be high and probably higher than for older units. With continued development that doesn't include enough housing for the additional workers and families, the demand will stay high, and rents will too. Face it, people like to live in Menlo Park. It's close to Stanford, has a good school system, still feels like a small town, and is not overly far to urban areas like San Francisco, San Jose, Oakland. That will keep up prices.
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