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Consider what does it mean to be rich? Rich is when you can afford the necessities of life: Shelter, food, water, transportation, medical insurance. Rich does
by thorwasdfasdf 7y ago
Consider what does it mean to be rich? Rich is when you can afford the necessities of life: Shelter, food, water, transportation, medical insurance. Rich does not mean having lots of Money (just look at venezuella where they were handing out trillion dollar bills but everyone was extremely poor). SF has a lot of money and dollars but it is NOT Rich. Yes, if some of the residents left SF they'd be rich, but not while they remain there and certainly not the average person in SF. We have a serious lack of wealth problem here in SF and it's all directly or indirectly caused by the housing crisis. Throwing more money at it won't solve the issue, you need more actual "wealth". Wealth is not dollar bills. Wealth is houses, apartments, etc, that's what we need so desperately and it's not being allowed. SF really needs to take a good long hard look at why building costs so much in this city. Why do developers need to spend 1000$/sq ft just to break even? SF needs to start learning from other cities that have done it right, like Houston (building here costs less than 1/10th as much), Dallas, Chicago, etc. And, no it's not just because SF is landlocked - we have the same self imposed problem over here in the east bay where there's miles and miles of empty space right off the 7 lane highways.