Of course, we’re all excited to hear that Uber just agreed to purchase the Sear’s Building in Downtown Oakland.  While Oakland seems to finally be realizing the potential many of us have been predicting for too many years now, I worry that the increased cost of doing business here will clip the wings of our economic expansion.  Housing costs are rising far faster than median wages, and there is only so long we can keep pushing up the percentage of income going towards housing costs.

For a great graphic on how far the East Bay (among other areas) is behind on creating additional housing, check out a recent “map of the month” from our Metropolitan Transportation Commission.