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Absolutely right. The main driver of Berkeley house price increases isn't because of the sudden desirability of proximity to Cal. Likely upwards of 40% of the w
by linkregister 8y ago
Absolutely right. The main driver of Berkeley house price increases isn't because of the sudden desirability of proximity to Cal. Likely upwards of 40% of the working population leaves every morning to go to San Francisco.
- romed 8y agoIt's possible you are right, but the net daytime migration into Berkeley is positive. There are 20k more people during work hours than overnight. Housing prices in Berkeley are high because of regional demand, yes, but mainly because they haven't built any houses while undergoing a sustained longevity boom. Basically the people who live there now have always lived there and their children have to live somewhere else.