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Can you actually have a city where nobody $150k/year salary can actually afford to live there? Of course your argument does boil down to the old "markets can d
by api 10y ago
Can you actually have a city where nobody $150k/year salary can actually afford to live there?
Of course your argument does boil down to the old "markets can defy reality longer than you can short them." Shorting is high risk.
- TearsInTheRain 10y agoas long as you have good public transportation to ship in the low skilled labor sure
- mmanfrin 10y agoBecause people buying homes tend to not live alone. And 150k is pretty middle of the road for established tech workers in SF, so in reality you're looking at two people making 200k each. 400k/yr can buy you a home in the Bay Area easily.
- nugget 10y agoI think I'd probably say it's possible rather than easily done. But why force young couples to ante up such a huge buy-in just for the opportunity to work at all the local companies? Even the YC partners are starting to point out, correctly I think, that expensive housing is becoming a significant headwind to Silicon Valley's future.