3 ms·
Megacorporations are actually the reason SF has become the real estate nightmare that it is -- but hey, no poor people. When a city makes decisions that don't
by justforyou 8y ago
Megacorporations are actually the reason SF has become the real estate nightmare that it is -- but hey, no poor people.
When a city makes decisions that don't favor its residents, it becomes an unaffordable haven for transplants, speculators and people who value the facade of the 200 year old stone church as opposed to the poor people the church was created to serve/bilk.
- refurb 8y agoI’m pretty sure SF is making the decisions it’s residents want and that’s the problem - most of the residents don’t want more density.
- uuwp 8y agoIt's not so much about the density. It's about ludicrous mortgage that they signed up in past and want their house to at least maintain its price.
- uuwp 8y agoIt's not the corporations, but the current mortgage system. Corp workers with 100-200k pay pair up and put their entire life earnings (30 years) towards a house. Banks back this deal and the couple gets a house they can't really afford. Same with our education system and healthcare. If the gov made a law that mortgage can't exceed 1 year income, prices would adjust to that number.