The San Francisco Peninsula is the most undersupplied market in California.
There is a shortage of 250,000 units on the San Francisco Peninsula. To put that deficit into context:
It will take more than 60 years to deliver that many units at our current pace of delivery.
The 5 largest homebuilders in the US build fewer than 250,000 units per year nationally.
Those 5 homebuilders have only built 2,200 units on the San Francisco Peninsula in the last 15 years.
Nearly everything is downstream of housing.
The Housing Theory of Everything [1] proposes that housing shortages meaningfully contribute to low productivity growth, economic inequality, and falling fertility rates.
We believe that the housing deficit will cause an exponential decline in quality of life without a change in development pace.
[1] The Housing Theory of Everything by John Myers, Sam Bowman, and Ben Southwood
Families have fewer housing options than ever before.
Large capital providers and developers are delivering more apartments because those investments are easier for large capital and operating partner platforms to acquire, finance, and build.
Limited housing product diversity disproportionately impacts families. 88% of new Peninsula housing supply in the last 10 years is in large apartment buildings. Nationally, the percentage of units in large apartment buildings is four times higher than it was in 2005.
Ramsay is building new opportunities for families.
Ramsay Land Company is a platform that aims to deliver more diverse housing opportunities to families on the San Francisco Peninsula. We are strategically organized to generate unique opportunities outside the scope of large housing developers and create value from acquisition, through development, and into stabilization.
We believe that housing policy in California is making great strides toward enabling family-focused development and our platform is positioned to leverage advancements in policy, technology, and construction to build thriving housing developments.