I chuckled at the headline because financial planners have always said that owning real estate for renting out was a more reliable source of retirement income than anything else. However, it is annoying at how some places where there is strong demand, there are few new projects going up. I personally have been amazed at how much new housing has been (and is currently being) developed in the "south bay" (which are the communities Mtn View, Sunnyvale, Santa Clara, and San Jose.
Ever since mixed commercial/residential started getting approved we've had over a dozen large re-developments of lots that were purely commercial/industrial into mixed residential / commercial. The entire AMD and former Spansion campuses have been re-done this way and produced both hundreds of new homes and several new commercial leasing opportunities. Sunnyvale's revised downtown went from 100% commercial to 50 / 50 commercial and residential. So that is pretty amazing to me.
Ever since mixed commercial/residential started getting approved we've had over a dozen large re-developments of lots that were purely commercial/industrial into mixed residential / commercial. The entire AMD and former Spansion campuses have been re-done this way and produced both hundreds of new homes and several new commercial leasing opportunities. Sunnyvale's revised downtown went from 100% commercial to 50 / 50 commercial and residential. So that is pretty amazing to me.