‘Last Black Man in San Francisco’: Filmmakers offer ode to a disappearing city

Filmmaker Joe Talbot is a fifth-generation San Franciscan who grew up cherishing his city’s diversity and cultural vitality. But these days, he often deplores what he sees going on in his hometown: Absurd real estate prices, vast income inequality, and gentrification that is pushing out “some of the people who made San Francisco so great.”

“It seems that the city is quickly becoming less and less recognizable,” he says. “It’s beyond frustrating.”

That frustration is, in part, what fueled “The Last Black Man in San Francisco,” a semi-autobiographical movie Talbot created with his longtime friend, actor Jimmie Fails, and featuring local talent, including Danny Glover.

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Actor and S.F. native Jimmy Fails appears in a scene from “The Last Black Man in San Francisco.” (A24 Films) 

Part love letter to a city that was and part cautionary tale, “The Last Black Man in San Francisco” tells the poignant story of a struggling African-American (Fails) who clings to the long-shot dream of one day reclaiming his childhood home — an elegant Victorian in the Fillmore District. But his relentless drive to do so blinds him to the grim reality of his situation and why the house is out of his reach.

The film arrives a year after two Oakland-based movies — “Blindspotting” and “Sorry to Bother You” — garnered headlines and strong reviews addressing similar issues about the changes and cultural pressures brought to the Bay Area by the booming tech economy.

“The Last Black Man in San Francisco,” which hits theaters on June 7, won the special jury and directing awards at the Sundance Film Festival and has garnered mostly rapturous reviews. Critics describe it as “gorgeous and touchingly idealistic” and “wonderfully quirky, nuanced and profoundly resonant.”

“Last Black Man” premiered at the Castro Theatre last week before an enthusiastic, sold-out audience peppered with local celebrities. The morning after, Talbot, who directed the film, joined Fails and a few cast members at the Fairmont Hotel to reflect on their project. They were still basking in the love showered upon them.

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From left, actor Jimmie Fails, rapper/filmmaker Boots Riley (“Sorry to Bother You”) and director Joe Talbot attend the “Last Black Man in San Francisco” screening at Oakland’s Grand Lake Theatre on May 30. (Ray Chavez/Nay Area News Group) 

“It was the greatest night of my life,” said Talbot, rocking a rumpled San Francisco Giants hat. “I wish it didn’t have to end.”

“That was all I could ever ask for — for the city to be proud of what we did,” Fails added.

In the movie, which also has a special screening last week at Oakland’s Grand Lake Theater, Fails plays a fictionalized version of himself. Like his character, he spent his early youth in the Fillmore, an area rich with black history and teeming with immigrants. Fails lived with his father, an aunt and uncle and several cousins in a worn-down Victorian until his family was forced out when he was 6.

Fails bounced around the city with his father, living in housing projects, shelters and, for a brief time, their car as the rest of the family fled to the suburbs. While residing in a Mission District group home as a teen, Fails met Talbot, who is white. The two instantly bonded over a shared passion for music and film.

When Fails got around to telling Talbot of his time spent in that old Victorian, the latter saw a classic San Francisco story in the making. They began seriously developing their saga of displacement and estrangement five years ago. It arrives at a time when San Francisco’s African-American population has dwindled to 5.5 percent compared to 13.4 percent a half century ago.

Fails, who co-wrote “Last Black Man” with Talbot, said the film wasn’t born out of anger but “more of a jaded feeling — a sad feeling.”

“There are times when it feels like this city doesn’t love me as much as I love it,” he said.

The San Francisco that Talbot remembers is a city that welcomed everyone — from immigrants and outcasts to bohemians and artists. He lived in a neighborhood populated by “people of all backgrounds” and hung out with friends in places such as La Victoria, a Mexican bakery that shut down last year after 70 years in business.

“With every closure of places like that, and other shops that were part of our upbringing, a little piece of you dies,” he said. “It’s pretty heartbreaking.”

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Jonathan Majors, left, and Jimmie Fails appear in a scene from “Last Black Man in San Francisco.” (A24 Films) 

Fails fears San Francisco is losing its sense of community and hopes the film will touch something inside the new and affluent people making their way into the city.

“I hope it helps people think in a way that’s more positive and more loving and accepting,” he said. “You should come and try to be a part of something, as opposed to being distant and standoffish.”

Waxing nostalgic, Talbot recalls watching landmark movies at the Castro that “changed the way we thought about things.”

“I hope our movie has that kind of power,” he said.

Contact Chuck Barney at cbarney@bayareanewsgroup.com. Follow him at Twitter.com/chuckbarney and Facebook.com/bayareanewsgroup.chuckbarney.


Article source: https://www.mercurynews.com/2019/06/03/last-black-man-in-san-francisco-filmmakers-offer-ode-to-a-disappearing-city/

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SF home sales up ahead of Uber IPO

Home sales in San Francisco have contracted year-over-year for ten months in a row, according to groups like the California Association of Realtors (CAR) and the Orange County data firm Core Logic. But now SF-based real estate group Compass says that the trend reversed in April, citing anticipation of big initial public offerings like today’s Uber IPO.

Compass economist Selma Hepp writes in the group’s latest SF Market report: “While overall Bay Area housing market activity continued to post a year-over-year decline in April, the four percent decline was the smallest since July of last year. The decline was driven by fewer sales in Santa Clara County and Contra Costa, with a smaller contribution from the wine country.”

She adds, “San Francisco, San Mateo and Alameda, in contrast, posted solid year-over-year increases, putting their April sales at the highest levels in three years.”

According to Compass, which pulls its data from MLS and analytics company Terradatum, sales in San Francisco spiked seven percent in April compared to the previous year, with the biggest increase, 26 percent, in homes in the $2-million to $3-million range.

Across the nine counties, most locales declined in sales, from a two percent downturn in Marin County to 12 percent in Napa.

However, on top of the upward turn in SF, San Mateo sales jumped four percent and Alameda County eked out a gain of two percent.

Hepp specifically credits “anticipation of the impact of recent and upcoming IPOs [...] particularly in San Francisco” as the likely sources of the agitation.

Employees at recently public companies, like Lyft and Uber, are presently hobbled by the “lockout period” on shares they hold, so most newly minted tech millionaires aren’t out buying homes. At least not yet.

Nevertheless, Hepp projects that “buyers have been encouraged by favorable mortgage interest rates, more choices, and an influx of IPO[s].”

Hepp is more bullish about the tech set’s effect on home sales than Compass contemporary Patrick Carlisle, who told Bloomberg this week, “I have to assume that these IPOs will add some to buyer demand, [but] I find it extremely hard to believe that we will see a resurgence of the year-over-year appreciation rates that we saw last year.”

Even so, Fred Brousseau, director of policy analysis at SF’s Budget and Legislative Analyst’s Office, warned in an April memo to SF lawmakers that big-ticket IPOs are likely to drive up the price—but not necessarily sales—of homes in SF:

We applied the most conservative average increase per IPO [...] (1.8 percent) to San Francisco’s $1.3 million median sale price for a home to estimate the possible impact of up to six high visibility IPOs that have occurred or could occur in 2019.

[...] The higher estimate would represent an 11.3 percent increase in the median sale price for a home in San Francisco. This increase would be spread over one to two years, depending on when employees would be allowed to exercise their options.

Home sales in San Francisco and the Bay Area have been on a skid since last summer, declining for the tenth straight month in March, according to Core Logic’s monthly analysis.

The median price of a home across all nine counties also declined for the first time since 2012 in March, albeit by a mere 0.2 percent.

CAR reports that sales of single-family homes dropped more than 10 percent across the region in March, and more than 11 percent in San Francisco. Neither source has released April figures to compare to the most recent ones from Compass.

Today’s big Uber IPO is the third this year for an SF-based tech company, after Pinterest and Lyft.

Uber priced its shares at $45 each, but the stock opened Friday at $42. According to the New York Stock Exchange, the price is up since trading opened but hasn’t hit the $45 mark yet.

Lyft opened at more than $78 in March, but immediately dropped and has yet to return to levels of its debut, trading around $55 this week. Only Pinterest has consistently traded above its initial price.

No matter how the stock performs, it still represents a potential huge influx of cash for employees and executives with options at those companies.

Slack, Postmates, and Airbnb, all based in San Francisco, are expected to make public offerings later this year.

Article source: https://sf.curbed.com/2019/5/10/18564493/san-francisco-home-sales-compass-uber-ipo-sf

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SF home sales up ahead of Uber IPO

Home sales in San Francisco have contracted year-over-year for ten months in a row, according to groups like the California Association of Realtors (CAR) and the Orange County data firm Core Logic. But now SF-based real estate group Compass says that the trend reversed in April, citing anticipation of big initial public offerings like today’s Uber IPO.

Compass economist Selma Hepp writes in the group’s latest SF Market report: “While overall Bay Area housing market activity continued to post a year-over-year decline in April, the four percent decline was the smallest since July of last year. The decline was driven by fewer sales in Santa Clara County and Contra Costa, with a smaller contribution from the wine country.”

She adds, “San Francisco, San Mateo and Alameda, in contrast, posted solid year-over-year increases, putting their April sales at the highest levels in three years.”

According to Compass, which pulls its data from MLS and analytics company Terradatum, sales in San Francisco spiked seven percent in April compared to the previous year, with the biggest increase, 26 percent, in homes in the $2-million to $3-million range.

Across the nine counties, most locales declined in sales, from a two percent downturn in Marin County to 12 percent in Napa.

However, on top of the upward turn in SF, San Mateo sales jumped four percent and Alameda County eked out a gain of two percent.

Hepp specifically credits “anticipation of the impact of recent and upcoming IPOs [...] particularly in San Francisco” as the likely sources of the agitation.

Employees at recently public companies, like Lyft and Uber, are presently hobbled by the “lockout period” on shares they hold, so most newly minted tech millionaires aren’t out buying homes. At least not yet.

Nevertheless, Hepp projects that “buyers have been encouraged by favorable mortgage interest rates, more choices, and an influx of IPO[s].”

Hepp is more bullish about the tech set’s effect on home sales than Compass contemporary Patrick Carlisle, who told Bloomberg this week, “I have to assume that these IPOs will add some to buyer demand, [but] I find it extremely hard to believe that we will see a resurgence of the year-over-year appreciation rates that we saw last year.”

Even so, Fred Brousseau, director of policy analysis at SF’s Budget and Legislative Analyst’s Office, warned in an April memo to SF lawmakers that big-ticket IPOs are likely to drive up the price—but not necessarily sales—of homes in SF:

We applied the most conservative average increase per IPO [...] (1.8 percent) to San Francisco’s $1.3 million median sale price for a home to estimate the possible impact of up to six high visibility IPOs that have occurred or could occur in 2019.

[...] The higher estimate would represent an 11.3 percent increase in the median sale price for a home in San Francisco. This increase would be spread over one to two years, depending on when employees would be allowed to exercise their options.

Home sales in San Francisco and the Bay Area have been on a skid since last summer, declining for the tenth straight month in March, according to Core Logic’s monthly analysis.

The median price of a home across all nine counties also declined for the first time since 2012 in March, albeit by a mere 0.2 percent.

CAR reports that sales of single-family homes dropped more than 10 percent across the region in March, and more than 11 percent in San Francisco. Neither source has released April figures to compare to the most recent ones from Compass.

Today’s big Uber IPO is the third this year for an SF-based tech company, after Pinterest and Lyft.

Uber priced its shares at $45 each, but the stock opened Friday at $42. According to the New York Stock Exchange, the price is up since trading opened but hasn’t hit the $45 mark yet.

Lyft opened at more than $78 in March, but immediately dropped and has yet to return to levels of its debut, trading around $55 this week. Only Pinterest has consistently traded above its initial price.

No matter how the stock performs, it still represents a potential huge influx of cash for employees and executives with options at those companies.

Slack, Postmates, and Airbnb, all based in San Francisco, are expected to make public offerings later this year.

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IPO Wealth Begins Showing Up in Rising Bay Area Home Sales

SAN FRANCISCO (KPIX) — There is an increase in buyer activity across the Bay Area suggesting that IPO expectations are already showing up in the real estate market. The chief economist at Compass Selma Hepp says this is particularly the case in San Francisco and San Mateo counties.

“I think buyers are trying to come in ahead of the expected IPO influx of buyers so there’s a lot of anticipation,” Hepp said.

The latest data from Compass shows buyer demand is picking up despite a small drop in median home price. Contracts in April were up 9 percent year-over-year across the Bay Area — the highest increase since summer 2017.

Hepp says this suggests strong home-buying months ahead.

“Today’s market is vibrant,” said real estate agent Ana Dierkhising. “The inventory is very constrained so buyers are motivated.”

Dierkhising and Val Steele are co-listing agents for one of the newest and sleekest homes in San Francisco’s Pacific Heights neighborhood.

2833 Vallejo features four bedrooms, 6 1/2 baths and 4-car parking across 6,050 square feet. There are also expansive views of San Francisco landmarks from multiple levels and high-tech amenities. The asking price: $19 million.

Dierkhising and Steele say they are seeing more traffic at their open houses and private showings. The luxury market seems to be benefiting the most but the upward trend is not dramatic.

“There’s that six-month lockup period, there’s different classes of stock, so it’s going to, I think, trickle in over the next year, year and a half, two years,” said Steele. “There’s not that one magic day that all this cash is going to appear on the market.”

Sales of homes in San Francisco priced above $3 million have surged again after significant declines in the previous six months, according to Compass.

“There’s a long pipeline of IPOs coming on so it’s going to impact one way or another.”

Article source: https://sanfrancisco.cbslocal.com/2019/05/30/ipo-bay-area-home-sales-rise/

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Inside the Crumbling Shack Selling for $2.5 Million on San Francisco’s Potrero Hill

“It’s ridiculous,” said one neighbor after hearing the asking price for an old, decaying cottage that hasn’t been lived in for at least a decade.

Set far back on a lot that’s become overgrown with tall grass and shrubbery run amok, the tiny square house at 863 Carolina St., covered in rotting cedar shingles, is the latest piece of real estate to raise eyebrows in a city where rent and housing prices continue to rise.

“Years ago, no one wanted to live up here,” said Potrero Hill resident Michelle Sheehan. “Now we have shacks going for $2.5 million. Who knew?”

Though this cottage is selling for an asking price of $2.5 million, prospective buyers can’t walk inside to tour it. It’s been deemed unsafe to enter.

Realtor Anne Laury, who’s the agent selling the property, said the owners bought it for $1.5 million two years ago. At the time, there were big questions about what they’d be able to do with it.

“The City of San Francisco protects its architecture,” Laury said. “So if you buy a piece of land like this … it’s a gamble. You don’t know if you’re going to be able to actually demolish that structure.”

Inside the house, an old stove and refrigerator remain, as do a bright green carpet and the stairs to a loft that overlooks the front porch.

Neighbors had thought the cottage was an “earthquake shack” — the miniscule, one-room houses built by union carpenters after the earthquake and fire that ravaged San Francisco in 1906. Known as the “original tiny homes,” the shacks were carted out into the city’s neighborhoods just in time for winter, where a precious few still remain to this day.

The cottage features laundry and kitchen appliances — many of them left behind when the property was abandoned 15 to 20 years ago.

“It was found out that it wasn’t an earthquake shack,” said neighbor and architect Julie Jackson. “So the person who bought it got an entitlement to build a very nice, big house, much bigger than any of the surrounding houses.”

In the backyard, where the weeds are several feet tall and a large tree has begun growing into the back room of the cottage, Laury pointed over the weathered fence to the skyline on the horizon.

The backyard — and the back of the house — have been completely taken over by nature. A tree has grown into the house, and the back wall has fallen away.

“It’s gonna be amazing, with views from every single floor,” she said. “Toward the bay, the Bay Bridge, downtown — it’s a 360-degree view.”

Though some neighbors including Jackson remain skeptical that the property will actually sell for $2.5 million, others argue a pre-approved demolition permit is the “golden ticket” for a hilly neighborhood with no more land left to develop.

The real value of the property is in the view. Here, you can see the San Francisco skyline peeking over the fence.

“If you look at the properties going down the street, they’re homes that were all built 60-70 years ago, if not longer,” said one neighbor who’s also a real estate agent. “They’re all one story above a garage. And it just doesn’t lend itself to the way people want to live now.”

Potrero Hill has a mix of old and new homes, with some built in the same ultra-modern style as the architectural renderings posted in the shack’s front yard — a stack of squares and rectangles of wood, metal and stucco, made to maximize the use of space on the lot, showcase views, and bring in passive heating and cooling from the sunshine and the breeze — both of which are plentiful in San Francisco’s hilly southern neighborhoods.

Pay no attention to the overgrown lawn. The real selling point here in the front yard is the poster with architectural renderings of the 4-story house that’s already permitted to be built here.

“Oh, that’s 2 million for sure,” said neighbor Logan Steinberg, who was out for a walk.

“It will have spectacular views,” Jackson said, “until the neighbor decides to build their 4-story house next to it.”

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