3 ms·
> We were talking the other day about how the Bay Area's housing/homelessness crisis is a direct consequence of the collapse of the high-tech wage-fixing cartel
by flukus 8y ago
> We were talking the other day about how the Bay Area's housing/homelessness crisis is a direct consequence of the collapse of the high-tech wage-fixing cartel.
Inflated housing costs are a worldwide phenomenon, you'll see a very similar story in Sydney, London, Tokyo and other places so I very much doubt the root cause is anything to do with the bay area. It might be worse there given the amount of money flowing in, but it's a much bigger problem.
- TheTrotters 8y agoIt’s not nearly such a big deal in Tokyo. It’s only a problem in cities where local government limits the supply of housing.