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Ms. Anne Kihagi is a real estate investor in the San Francisco Bay Area, a tough market by any stretch of the imagination. It’s a city that has some of the toughest rent-control rules, which in addition to the limited geographic territory, have made for a very challenging housing market with many developers pursuing other, less constrained market. See the presentation to know more about Anne Kihagi...
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Anne Kihagi Ms. Anne Kihagi is a real estate investor in the San Francisco Bay Area, a tough market by any stretch of the imagination. It’s a city that has some of the toughest rent-control rules, which in addition to the limited geographic territory, have made for a very challenging housing market with many developers pursuing other, less constrained market.
Anne’s Website Ms. Kihagi enjoys challenging others on many of the issues that face San Franciscan’s, but many are afraid to discuss. She believes an open dialogue is key to finding many of the necessary solutions to the city. She maintains an active blog site under annekihagisf.com where she raises some of these issues and another one annekihagica.com where she shares many of the fascinating places that only locals know about. Like her recent blog on “cayucos” which is a great surf town that only surfers talk about and topics like “where millennials are moving to”.
San Francisco is the 4th most populous city in California, behind Los Angeles, San Diego and San Jose, with a total population of around 860,000. It is also the 2nd most dense city nationwide, with 6,266 people per square mile. About 65% of San Francisco housing is rented, while 35% is owner-occupied – a very high ratio of renters to owners. Most rented units have been filled by rent-controlled tenancies averaging over 15 years, preventing rental turn-over except for a very small slice of the city’s market.
Anne’s Latest Article A recent article, Ms. Kihagi shared “When the news decries astronomical rents in San Francisco, they fail to mention that the few properties with these price tags – only about 25% of rentals – are those that have undergone major renovations to warrant higher rent. They boast premium amenities like washing machines, updated kitchens and bathrooms, and many aesthetic upgrades that would naturally require a higher rate than an outdated, rent-controlled unit.”
Stay Tuned Please stay tuned to many more, thought provoking articles from Ms. Kihagi.