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There is a clear issue if even well paid professionals (e.g. people on $150 to 300k a year) are having issues purchasing properties.
by charlesdm 9y ago
There is a clear issue if even well paid professionals (e.g. people on $150 to 300k a year) are having issues purchasing properties.
- wyager 9y agoThen paid professionals should stop moving there, and home prices will equilibrate.
- userpass 9y agoAnd employers should stop asking professionals to move there.
- ido 9y agoAlternatively, increase supply.
- TheAdamAndChe 9y agoWhen good jobs of a certain industry are concentrated to such a small area of the country, "stop moving there" really isn't much of an option. We need to find a way to spread the jobs out a bit, because it should be obvious that the companies employing those professionals have no incentive to do so without outside intervention.
- ghaff 9y agoThey're really not that concentrated. The idea that, if you're in a tech-related field, your life is effectively over if you don't move to the Bay area is complete nonsense.