> So in some sense the huge influx of these new residents (typically with high-paying tech jobs) are pushing out the parents and grandparents (and not bringing

> So in some sense the huge influx of these new residents (typically with high-paying tech jobs) are pushing out the parents and grandparents (and not bringing their own extended families anyhow) Assuming they are renters, how does that happen? Increase in housing will decrease rents, so even if their current apartment / house gets replaced with a bigger one they can just rent something in the same neighborhood? Unless the only reason they can still afford to live in said neighborhood is because of rent control. Having rent control plus very strict zoning laws is the most asinine housing policy. It basically means that after a new neighborhood has been built you just freeze its state eternally - only allowing new people in when one family dies and their kids or some friends move in. The privilege to live in a neighborhood isn't then determined by wealth but by kinship - a harmful form of socialism that calcifies communities.