> Have noticed this isn’t nearly a problem in cities with lower real estate costs. These price hikes were long overdue. I guess e.g. the Bay area is running lo

> Have noticed this isn’t nearly a problem in cities with lower real estate costs. These price hikes were long overdue. I guess e.g. the Bay area is running low on suckers that have not realized that it is unaffordable to sell omelettes under 29 USD and live there. This includes local business owners as well as waitresses. I believe the reason is that the generation of native born that could get estate at good prices are getting old now and the new generation that takes over can't operate "at a loss" like the old. I.e. the earlier generation kept prices down since they already owned the buildings since before the boom and didn't have to charge alot.