Lloyd describes the unique features of the housing crisis in SF and predicts a Phase II to follow.

Cultural journalist Carol Lloyd began writing her “Surreal Estate” column on the Bay Area housing crisis in the SF Chronicle during the dot.com bust. As she completed her final column recently and was interviewed for the “Affordable Housing” podcast, she spoke about the unique challenges faced by home buyers and renters in SF, how the local market is more resilient than in other areas, and why she anticipates a second phase of the housing crisis where building will be stalled and there will too little available housing.