Many office workers commute long distances because of the steep housing costs in Santa Monica and adjacent neighborhoods on the Westside of Los Angeles.
Months of waiting have not quelled concerns about the potential pressure Amazon could place on the region's already steep housing prices, congested roads and yawning divide between its wealthy and low-income residents.
Overdevelopment is also feeding tensions between the Portuguese, whom many credit with saving the neighborhood during Newark's darkest days, and the newly arrived Brazilians, who often get blamed for the crowded streets and steep housing prices.
TAIPEI, Taiwan — As he nears the end of his first term, President Ma Ying-jeou faces a litany of challenges that might sound familiar to Western politicians: stagnant wages, a growing wealth gap and steep housing prices that have frozen young urbanites out of the real estate market.
The decision hands Northam and local leaders the largest economic-development prize in a generation — one promising billions of dollars in capital investments alone — but could also put pressure on the region's already steep housing prices, congested roads, and yawning divide between wealthy and low-income residents.
"We couldn't afford a house, but we wanted to buy something," said Mr. Austin, 28, a financial consultant in Manhattan, hoping not to become part of the rising tide of young professionals who have left Long Island in recent years because of steep housing costs.
Despite government initiatives such as the help to buy scheme, steep housing costs have locked many out of the property market, especially in London, where almost one in 10 teachers are still living with their parents after five years in the profession.
The decision hands Northam and local leaders the largest economic-development prize in a generation — one promising $2.5 billion in capital investments and $3.2 billion in net tax revenue over 20 years — but could also put pressure on the region's already steep housing prices and congested roads, and its yawning divide between wealthy and low-income residents.
Steep housing costs in Pacific Beach, La Jolla and other shoreline communities take some of the shine out of living here.
