Unfortunately, the economic argument to help poor people is extremely adverse in the Bay Area. It’s easy to see why: the opportunity cost of providing housing t

Unfortunately, the economic argument to help poor people is extremely adverse in the Bay Area. It’s easy to see why: the opportunity cost of providing housing to someone who has low marginal economic value is much higher in the Bay Area than almost anywhere else in the world. The big asterisk on YIMBYism is that it’s meant to incentivize highly-skilled laborers in roughly the 95th through 99th percentiles who are increasingly walking away from the Bay Area because their overall optionality is improving while CoL in the region is skyrocketing. Among the biggest threats right now to Bay Area tech companies are smart people (the only kind they’re trying to hire) crunching the numbers. So yea poor people aren’t really under consideration other than for optics purposes.It’s high salary people versus high net worth people. Highly cynical and all around awful? Yes.