Got Falling Real Estate? An Oakland Eyesore
Reading Tracy Taylor’s A Building So Beautiful It Has to Bode Well for Oakland prompted me to write about several properties I see on my way home from work. If you take Oakland’s 14th Avenue exit off of 580 W and drive south (down 14th), you’ll pass Highland Hopsital on your right and then a curious scene will emerge on the hill to your left: a bunch of falling real estate. Literally. Three homes on Wallace St. in Oakland’s San Antonio District are cracked and sliding off the hill. Uninhabited for a number of years now, the three homes had to be abandoned by their owners due to foundations damaged by moving down the slope. However, according to an inside source, though several investigations were done to determine the cause of the houses’ movement, engineers have not been able to figure out just what has caused this unfortuante (and heartbreaking for the owners and neighbors) situation. From what I hear, the city is finally agreeing to pick up the tab to demolish the homes (since the homeowners’ insurance has not covered it). Yet with Dellums’ recent call to trim the city’s budget due to the deficit, could this promise be in jeopardy?
Pictured below is a side view of one of the properties that shows the tilt downward:
