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If it's too late, when (in the past several years) would it have not been too late? There were always companies that have considered expanding in San Francisco,
by vinay427 8y ago
If it's too late, when (in the past several years) would it have not been too late? There were always companies that have considered expanding in San Francisco, as there will be for years to come, and if building more housing helps at least a few existing residents then it seems like a net positive.
At any given point in time, there is a roughly finite amount of demand, and inching closer to meeting that demand can't hurt.
- karmakaze 8y agoI agree that it can't hurt. My point was simply at this time it's not enough to solve the problem so it can only be a part of the solution.
- hoaw 8y agoAs an outside it became apparent that moving to SF/SV would be a challenge around ten years ago. There are a number of post on HN from "back in the day" that discusses this topic e.g: https://news.ycombinator.com/item?id=170719 https://news.ycombinator.com/item?id=170719 https://news.ycombinator.com/item?id=860913 https://news.ycombinator.com/item?id=860913 https://news.ycombinator.com/item?id=236853 https://news.ycombinator.com/item?id=236853 https://news.ycombinator.com/item?id=1255718 https://news.ycombinator.com/item?id=1255718
- remote_phone 8y ago9-10 years is about right. 2005, I had a one bedroom for $1700, and in 2008 I moved into a studio on Twin Peaks for $1300/month. Both were high but still affordable. By 2011, a 2 bedroom in SOMA was $3000/month, and by 2014 it was $4500/month. This coincides with when tech companies started popping up in SF, instead of South Bay where they traditionally went to.
- bradleyjg 8y agoAre you sure it's tech companies? In 2006 I was paying (part of) $2800 for a generous sized two bedroom apartment in the East Village of Manhattan. At the beginning of 2010 when I moved out the landlord wanted $3500. Today it's going for for $4400. That's a 25% increase in 3 years and then another 25% increase over the next 9 years. And there was no, or at least only minor, tech company factor in NYC.