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> People need to live somewhere, every day. > we can't all make US minimum wage and afford SF rents / home prices. This is true. SF also has one of the worst h
by grapeskin 4y ago
> People need to live somewhere, every day.
> we can't all make US minimum wage and afford SF rents / home prices.
This is true. SF also has one of the worst homeless problems in the first world.
It’s easy to think the problem will be confined to a few particularly bad cities and things will stay balanced at a lower amount elsewhere. The reality is there really is no reason it won’t become the standard, or even the minimum.
Home sellers and landlords are demanding increasingly ridiculous prices and they’re more than happy to let properties sit empty for years than they are to lower prices a single dollar. I’m not sure if it’ll be resolved so easily.