Imagine a Bay Area where our greatest challenge, the scarcity and expense of housing, has been solved. This may sound like an impossible dream, but it isn’t. Within the next 50 years, we can live in an affordable region. But only if we make significant changes, starting right now. SPUR's series Housing the Region defines the Bay Area's housing crisis and put forth concrete steps to build a better, more affordable region.

The Bay Area's severe housing shortage has sent prices through the roof, pushing many long-standing residents to move to the edge of the region or leave it altogether. This has changed the demographics of the region, contributing to patterns of resegregation by both race and income. What can the Bay Area do to make sure it retains its people, its communities and its culture?

In order to meet the region’s future housing needs, the San Francisco Bay Area will need to produce 2.2 million homes over the next 50 years across all income levels. Where should all of this housing go? And what policies are needed to ensure it can be built? To answer these questions, SPUR has developed a “New Civic Vision” for the Bay Area that balances two core goals: environmental sustainability and equity.

In the United States, housing is viewed as a financial asset — something to be bought, rented and sold. In other countries, housing is a human right, necessary for the health and well-being of every person. In these places, housing is affordable to a broad swath of the population, and homelessness is less prevalent. If we began to treat housing as infrastructure, what might the results look like in the Bay Area?

The high cost of housing has come to define the San Francisco Bay Area. It dictates who gets to live here, which in turn dictates who gets to participate in the region’s economy and political process. This report, the first in a series, looks at why housing prices have escalated so dramatically, what the impacts of those escalating costs have been on residents and who has borne the brunt of those impacts.