4 ms·
A place that attracted people from all over the world for high paying jobs that is beautiful geographically with limited housing costs a lot. Locals are priced
by almost_usual 5y ago
A place that attracted people from all over the world for high paying jobs that is beautiful geographically with limited housing costs a lot.
Locals are priced out who were here before the high paying jobs, new people need to be in the top percentile to afford it. It’s families who want the same thing but some have more money.
The only thing that will change housing in the Bay Area is a large earthquake.
- jldugger 5y ago> The only thing that will change housing in the Bay Area is a large earthquake. I think the '89 earthquake demonstrated this was insufficient. But I suppose the Richter scale technically has no upper bound.
- gajjanag 5y agoNot necessarily. Migration of jobs is real - for example, Seattle offers the same FAANG pay and opportunities with beautiful geography, with at least 30% cheaper housing. Migration that is already taking place will continue until housing reaches an equilibrium.
- 6gvONxR4sf7o 5y agoI’m a local who would have been priced out. After college, I learned to code and now I’m apparently part of the problem :/