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That sounds ridiculous until you realize that no one is going to pay ~$100 per head every time they go out to eat on a regular basis except for those who have b
by cc439 8y ago
That sounds ridiculous until you realize that no one is going to pay ~$100 per head every time they go out to eat on a regular basis except for those who have become so wealthy that they have lost all touch with the value of a dollar. I make the rough eauivalent of $175k in San Francisco dollars and if I had to face those prices for a dinner at a mid-range restaurant I simply would not eat out. Restaurants are a luxury that can be easily subsituted with home cooked meals by practically anyone except a Jetset/Road Warrior traveling businessman.
My takeaway from the article is that all "middle class luxury" businesses are slowly being priced out of SF, which is a non-issue for everyone living outside of that bubble but should be of enormous concern to those banking on the future success of the area. Eventually no one will want to move there for a price employers can afford to pay. In the grander scope of things, I'm actually supportive of the concept of fast food and cheap dine-out businesses going under because the habits people form around them are killing us as a people.