3 ms·
This absolutely is bad for San Francisco. South San Francisco is building lots and lots of offices, but not building nearly as many homes. While San Francisco i
by Decade 7y ago
This absolutely is bad for San Francisco. South San Francisco is building lots and lots of offices, but not building nearly as many homes. While San Francisco is harmfully negligent at building homes, it is at least building more than its (painfully low-ball) estimated need for high-priced housing. The rest of the peninsula isn’t even building that much. All the counties are far behind at building less-fancy housing.
The effect of moving these high-income jobs to San Mateo County is that Stripe employees will now live in San Francisco and commute to San Mateo, increasing the pressure to gentrify communities near the transit infrastructure, while freeing Stripe’s former office space for another high-tech company that can make even more profit per employee.
- skybrian 7y agoMaybe in the short term, but I would expect Stripe workers would now find the peninsula more attractive and gradually move there. There is also the Marina, which might make some ferry commutes from the east bay reasonable and even pleasant. (I still remember commuting from Alameda to Market Street by ferry to be quite nice.) More density near transit seems like a good result.
- Decade 7y agoMore density near transit is not a foregone result. It has to be through political will. This is the YIMBY movement. The peninsula would absolutely be more attractive for Stripe employees. But as I said, the peninsula is building a tiny fraction of the housing as opposed to jobs. The richest executives can move to the few vacancies that open up, but unless something changes, the rest of the employees have to live elsewhere. https://yimbyaction.org/join/ https://yimbyaction.org/join/