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I think this is much more than a local Silicon Valley thing. I have noticed similar things in Europe and Australia. As I see it this is a symptom of housing b
by chvid 11y ago
I think this is much more than a local Silicon Valley thing.
I have noticed similar things in Europe and Australia.
As I see it this is a symptom of housing becoming too expensive. By a perverse logic the only thing the powers that be do is to make sure that housing becomes even more expensive. In that way people buying too expensive houses are saved by house price appreciation.
How this will end is no longer obvious too me, however people in top paying jobs living out of hostels or vans for me is a sign of erroding real wealth in our society.
- Decade 11y agoI think we just have to build much more housing. The housing prices are too high and simply must go down. It will suck a lot for all those people who bought houses in the past 20 years, but it’s the only option that is good for society. The political will is a big problem. Homeowners are much more likely to vote than people like me. In San Francisco, the latest new regulation/roadblock is that any increases in waterfront height limits have to be approved by voter proposition. That regulation was passed by simple majority, 8.5% of San Francisco residents voting in favor. This is pathetic. We need to be involved in reforming our neighborhoods.