Rents in Oakland have fallen faster than anywhere else in the US for a simple reason: The city built more housing

Tech Insider : Economy, Politics
New apartments are constructed as seen from this drone view at the Brooklyn Basin development in Oakland, Calif., on Tuesday, August 24, 2021.
New apartments are constructed as seen from this drone view at the Brooklyn Basin development in Oakland, Calif., on Tuesday, August 24, 2021.

Jane Tyska/Getty Images

Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'

Tech Insider
Image shows the rural community of Rio Vista, California. It features a brown, wooden farmhouse, long grass and some parked RVs.
Rio Vista, California is a rural area, but billionaires want to utilize the land to erect a new city.

AP Photo/Godofredo A. Vásquez

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