4 ms·

I am concerned that we will kill the golden goose...neighborhoods will consist of only the elderly (who remain by virtue of prop 13), and the wealthy. Seems ine

I am concerned that we will kill the golden goose...neighborhoods will consist of only the elderly (who remain by virtue of prop 13), and the wealthy. Seems inevitable that neighborhoods of this composition can only support service industries (hair salons, restaurants etc) and will eventually become economic dead zones. In this model, the Bay Area becomes a glorified version of Sand Hill Road...cozy offices for a very few at the top...and every other facet of industry pushed out to affordable areas.

1_2__3 10y ago
This is exactly what is happening. The whole South Bay is slowly imploding.
- home_boi 10y ago
  south bay isn't that expensive. It's just SF. South bay is cheap compared to the average income of the Bay area
  - r00fus 10y ago
    Are you kidding me? Dunno, but $3k/mo for a 3bdrm apt is pretty unaffordable. Add $500 for duplex, and $1k for a single-family. That's literally double what it used to cost 10y ago.
    - pound 10y ago
      SF would be $3k for 1bdrm
  - cmurf 10y ago
    San Francisco $84k median income vs $1.1 million median house cost. That is obscenely disproportionate. That's a $5k monthly payment for just P&I, which is 71% of income before taxes and savings. It's completely untenable. http://www.sfhip.org/index.php?module=DemographicData&type=user&func=ddview&varset=1&ve=tab&pct=2&levels=-1&varid=2419&vl=tb&sregcomp=1 http://www.sfhip.org/index.php?module=DemographicData&type=u... http://www.zillow.com/san-francisco-ca/home-values/ http://www.zillow.com/san-francisco-ca/home-values/
deleted 10y ago
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toomuchtodo 10y ago
Is there anything wrong with that though? Shall we not be held economic hostage and instead build New Cities? If I recall, YC even has a project for this!
- tsunamifury 10y ago
  Yes its akin to suggesting we let sick parents die in hopes children won't succumb to the same disease. Obviously, we should find the cure instead. Its critical to learn healthy urban planning methods so that the child cities that later run into this problem have a solution other than moving on.
  - toomuchtodo 10y ago
    But you can't do so without overriding ownership rights. Which is fine, but something you'll need to be upfront about.

1_2__3 10y ago

This is exactly what is happening. The whole South Bay is slowly imploding.

home_boi 10y ago
south bay isn't that expensive. It's just SF. South bay is cheap compared to the average income of the Bay area
- r00fus 10y ago
  Are you kidding me? Dunno, but $3k/mo for a 3bdrm apt is pretty unaffordable. Add $500 for duplex, and $1k for a single-family. That's literally double what it used to cost 10y ago.
  - pound 10y ago
    SF would be $3k for 1bdrm
- cmurf 10y ago
  San Francisco $84k median income vs $1.1 million median house cost. That is obscenely disproportionate. That's a $5k monthly payment for just P&I, which is 71% of income before taxes and savings. It's completely untenable. http://www.sfhip.org/index.php?module=DemographicData&type=user&func=ddview&varset=1&ve=tab&pct=2&levels=-1&varid=2419&vl=tb&sregcomp=1 http://www.sfhip.org/index.php?module=DemographicData&type=u... http://www.zillow.com/san-francisco-ca/home-values/ http://www.zillow.com/san-francisco-ca/home-values/

deleted 10y ago

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toomuchtodo 10y ago

Is there anything wrong with that though? Shall we not be held economic hostage and instead build New Cities? If I recall, YC even has a project for this!

tsunamifury 10y ago
Yes its akin to suggesting we let sick parents die in hopes children won't succumb to the same disease. Obviously, we should find the cure instead. Its critical to learn healthy urban planning methods so that the child cities that later run into this problem have a solution other than moving on.
- toomuchtodo 10y ago
  But you can't do so without overriding ownership rights. Which is fine, but something you'll need to be upfront about.