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I think you're making a mistake in assuming that tech workers will drive up rents more than anyone else would. Tech people aren't known for lusting over expensi
by thescriptkiddie 11y ago
I think you're making a mistake in assuming that tech workers will drive up rents more than anyone else would. Tech people aren't known for lusting over expensive real estate. If there was an influx of plumbers wanting to life in SF we'd be in the same situation.
- beatpanda 11y agoWell, no, we wouldn't, because you can set prices as high as you want, but they won't stay that high if nobody can pay them. The reason SF landlords are getting away with the absurd rent they're charging is because there is a very low vacancy rate AND there are enough people willing to pay 50% or more of their $6-$7k take-home pay just to live in a cool neighborhood. I don't know how much the average plumber makes, but I don't think it would skew the market in the same way.
- escape_goat 11y agoThe average salary of a plumber in the San Fransisco area would appear to be $74,000/year. (http://www.simplyhired.com/salaries-k-plumber-l-san-francisco-ca-jobs.html http://www.simplyhired.com/salaries-k-plumber-l-san-francisc...)