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Another reason is the lack of land ownership. For example, 80% of all occupied property in West Oakland is occupied by renters. Many cannot afford to buy their houses. "In 1990, West Oakland residents earned a median income of $11,529. By comparison, the median income for the Bay Area as a whole was $41,635...
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"In 1990, West Oakland residents earned a median income of $11,529. By comparison, the median income for the Bay Area as a whole was $41,635." Many residents in West Oakland are unable to purchase their homes at the assessed value, which is significantly lower than the asking price, due to the wealthy land developers' plans to renovate the property...
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