Wildfires worsen housing crunch in famously costly Bay Area
SANTA ROSA, Calif. — Even before fire wiped out the home she rented for 17 years, Suzanne Finzell had thought about leaving this city on the edge of the San Francisco Bay Area because of rising prices. A spike in housing and other living costs had driven her friends to Nevada and Oregon.
Now Finzell wonders if that will be her fate too, as the wildfires that charred California wine country send thousands of people who lost their homes scrambling for new places to live in one of the nation’s tightest and most expensive housing markets.
Before the fires, the rental vacancy rate was a mere 1 per cent in Santa Rosa and 3 per cent in surrounding Sonoma County. Then the city lost an estimated 5 per cent of its housing stock to the flames.
“We had a housing crisis before the fires,” Mayor Chris Coursey said Wednesday. “It’s magnitudes worse now.”