4 ms·

I know the price of specific apartments. 2br went up from 1600 to 3200-3800(depending on month price varies), and many blue color workers who used to live there

I know the price of specific apartments. 2br went up from 1600 to 3200-3800(depending on month price varies), and many blue color workers who used to live there moved from that complex. > SF median rent your graph shows not SF (which is actually not silicon valley) but SF-Oakland metropolitan area. SF rent likely raised more than that. > SF minimum wage went up 93% Min wage is an outlier, they couldn't afford rent then and now. Another factor is taxes, while wages increased, wages after taxes increased slower, because pushed income to another bracket.

verteu 3y ago
It's impossible to have a serious discussion on (rent/income) trends if your only source is an ancedote about a single (unnamed) apartment's price. (And you include no data on wages at all.)
- riku_iki 3y ago
  You are free to go.
  - verteu 3y ago
    If you don't want to have a thoughtful discussion based on data, HN is not for you.
    - riku_iki 3y ago
      We both don't have reliable data. I have anecdote, which is very well aligned with the market in my area, you are free to be in denial.