Axios San Francisco

Newsletter branding image

Hey hey, it's Thursday. Farewell, sunshine.

Today's weather: Showers. High of 54, low of 44.

Situational awareness: District 3 Supervisor Aaron Peskin yesterday said he plans to run for San Francisco mayor in November's election, KTVU and NBC Bay Area report.

Today's newsletter is 921 words β€” a 3.5-minute read.

1 big thing: Why boomers won't sell their big houses

Share of ownership of large homes by generation and market
Data: Redfin; Chart: Axios Visuals

Empty nesters own more than a quarter of the Bay Area's family-size homes, according to a recent Redfin report.

Why it matters: San Francisco has a well-documented housing shortage and affordability crisis, and sky-high interest rates are putting home ownership out of reach for many millennials, unless they have help from family.

By the numbers: In the Bay Area, empty nesters (boomers with no more than two people living in the household) own 26% of large homes, which is defined as having three or more bedrooms.

  • Millennials with kids own nearly 11% of large homes in the area.

State of play: The problem for many younger families is baby boomers don't have much motivation to sell, according to Redfin senior economist Sheharyar Bokhari.

  • Boomers typically have low housing costs, and most of them "are only in their 60s, still young enough that they can take care of themselves and their home without help," Bokhari said in the report.
  • Still, boomer wealth isn't evenly distributed, as an estimated 17 million people over 65 are considered economically insecure, according to the National Council on Aging.

What they're saying: One Oakland-based boomer couple, Deborah Frieden and her husband, wants to downsize, but many of the available, accessible condos "feel and seem like they're built for young people," Frieden told Business Insider last month.

  • While some condos advertise their gyms, shared courtyards and bike racks, Frieden would prefer a unit big enough to have a guest bedroom and ample storage, and is in a walkable area.
  • She argues that real estate developers are missing out on an opportunity to target empty nesters who aren't looking for traditional senior housing but simply want condos that "are more versatile and appeal to people who have a little bit more money."

Reality check: Seniors are still downsizing, sometimes to luxury apartments.

  • Of 1,020 boomers Opendoor surveyed nationwide who plan to sell their home, 85% said they intend to do so in the next three years.

Go deeper

2. A new machine learning model for predicting Alzheimer's

The UCSF Helen Diller Medical Center. Photo: Gado via Getty Images

Scientists at UC San Francisco say they have discovered an AI-powered method for predicting Alzheimer's disease up to seven years before symptoms appear.

Why it matters: Alzheimer's affects nearly 7 million Americans β€” nearly two-thirds of whom are women, per the Alzheimer's Association.

How it works: The model analyzes patient records with machine learning to spot patterns and identify risk as early as possible.

  • Using UCSF's clinical database, the researchers examined co-occurring conditions in patients who had been diagnosed with Alzheimer's and those without.
  • They found they could identify who would develop the disease up to seven years prior with 72% predictive power.
  • The conditions that most influenced predictions included high cholesterol,Β as well as osteoporosis, specifically for women, according to their study.

Yes, but: The prediction model relies on health data that may not always be comprehensive or up to date.

  • The researchers also acknowledged that data inputs can be influenced by other elements like clinician or patient behavior, sociological factors and implicit bias.

The big picture

3. The Wiggle: Navigating the news

Illustration: Lindsey Bailey/Axios

πŸ’© Feces-related 311 reports to city services are up from pre-pandemic levels in San Francisco, with over 32,000 reported last year compared to about 30,000 in 2019. (SF Chronicle)

πŸ›¬ Mayor London Breed opposes the proposal to rename Oakland's airport as the San Francisco Bay Oakland International Airport, calling the plan "a tad bit disrespectful." (SF Examiner)

🏠 Meanwhile, the mayor wants city planners to prioritize building mid-size housing developments as SF works toward meeting its state-mandated housing goals. (SF Standard)

Officials issued an evacuation warning yesterday for areas of Big Sur south of Rocky Creek ahead of storm and rain forecasts today and tomorrow. (SF Chronicle)

4. Make the most of SF's 2024 Restaurant Week

A chef prepares guacamole in San Francisco. Photo: Justin Sullivan via Getty Images

Restaurant Week kicks off tomorrow, and there's a little something for everyone.

Participating restaurants will offer special menus April 5-14 at one or more of the following price points:

  • $10, $15, $25, $30, $40 for brunch or lunch (2+ items or courses)
  • $30, $45, $65, $75, $90 for dinner (3+ items or courses)

State of play: The SF Restaurant Week website makes it easy to browse β€” restaurants can be filtered by neighborhood, cuisine, dining options and price.

  • Flavors range from Argentine and West African to Creole Californian, Thai and more.
  • Make sure you book a table to ensure a spot!
Sponsored job listings

Your future begins here

πŸ’Ό Check out who's hiring on our Job Board.

  1. Director, Enterprise Applications at Element Science.
  2. Chief Information Technology Officer at Community Health Center Network.
  3. VP, Technology & Transformation - Intelisys at ScanSource.

Want more opportunities? Check out our Job Board.

Hiring? Use code FIRST50 for $50 off your first job post.Your future begins here

5. Throwback Thursday: Vedanta Society's Old Temple

Vedanta Society's Old Temple in the Cow Hollow neighborhood. Photo: Rachel La Corte/Axios

Nestled away in the Cow Hollow neighborhood is an architectural gem our editor Rachel La Corte recently stumbled upon while visiting β€” the Vedanta Society's Old Temple, which boasts the title of America's first Hindu temple.

How it happened: In 1900, Swami Vivekananda established a local branch in San Francisco to share the teachings of Vedanta, one of the six schools of Hindu philosophy.

  • Designed by Swami Trigunatitananda and architect Joseph A. Leonard, the monastery began holding services in January 1906.
  • The mix of architectural styles, with influences from the Taj Mahal, Bengal temples and European castles, was intended to symbolize the harmony of all religions.

Amazingly, the great 1906 earthquake did no damage to the temple, per the Vedanta Society of Northern California.

  • The temple did, however, become the target of a bombing in 1914, when a former student detonated explosives while Trigunatitananda was speaking at a service, according to SFGATE.
  • The former student died, and Trigunatitananda succumbed to injuries within weeks.

The big picture: Today, the Old Temple hosts Friday scripture classes and Sunday school lessons for children while the New Temple, located at the corner of Vallejo and Fillmore Streets, serves as its headquarters.

Share this story

πŸ€ Megan is glad to hear Jonathan Kuminga is expected to play in the Warriors game tonight against the Houston Rockets.

🎢 Shawna is listening to the Broadway "Hadestown" soundtrack on repeat.

⚾️ Claire is excited to head down to the Giants home opener on Friday (mostly because she wants to eat the Fuku fried chicken sandwich they've started selling at Oracle Park this year!)

This newsletter was edited by Rachel La Corte and copy edited by Kathie Bozanich and Anjelica Tan.