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How Homelessness Looks in the Tech Boom
- mschuster91 11y agoWell, the problem will sooner or later rectify itself - even if you have an entire city filled with rich people, someone has to do the "lower paid" work. Like, working in supermarkets, hauling trash, doing construction works, teaching the kids... and when these people are priced out of an area, it's hard (or next to impossible) to get them to return without cheap housing. Because if these people disappear, then the foundation for the rich people to live also disappears.
- olefoo 11y agoActually i'm not so sure that happens by itself. Housing is governed by public policy. It's not like affordable housing couldn't be built in the bay area for physical reasons. It's just not possible under current zoning and political arrangements. If the political will were there; we could drop a pair of Hong Kong style residential apartment towers every couple of miles all the way around the bay for less than will be spent on road construction in that area over the next decade. But the political will for that sort of thing is literally inconceivable to anyone who lives there. Why is that?