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I appreciate that you and your peer group are doing well, but saying, “if you don’t like it, leave” kind of proves my point. It illustrates a bit of tech wealth

I appreciate that you and your peer group are doing well, but saying, “if you don’t like it, leave” kind of proves my point. It illustrates a bit of tech wealth blindness. My mother always told me... "just because you can doesn't mean you should." Maybe those with such means shouldn't be so quick to just contribute to the affordability crisis and force out families who have lived there for generations. The city has become a luxury good, a playground for the wealthy, not a place for the other classes to live. That’s the problem I’m trying to document, not just complain about. By the way, my daughter was born in this city. She just graduated from a very good school, but she will still never be able to afford this place as long as people like you maintain such a callous attitude about those who came before them.

deanmoriarty 1y ago
> as long as people like you maintain such a callous attitude about those who came before them. I think you might be barking up the wrong tree here since I just rent a very modest apartment here and I’m not going to ever buy a property, nor vote against any housing shortage policies. My suggestion was purely practical. But what would you expect exactly? The Bay Area has a massive marketing machine that screams to the world: “come here, make big bucks quickly and easily!”, which is true. Do you expect people not to take that bargain? People will always be looking to improve their situation, I came from the other side of the world just like many others. It should be up to the government to either limit the inflow of people (via immigration control or other means), massively increase housing inventory or any other solution (I’m not an economist so I don’t know what’s the right one). The condo you listed just sold for less than its last 2019 sale value when accounting for the massive inflation rate of these past 5 years. Thinking that it was a bubble-driven price is really not the right attitude, in my opinion. It’s how much it’s worth, and the market confirmed it.
- Compzilla 1y ago
  I get your point that you’re not the buyer, and you’re not the one inflating prices. That said, if you are worth as much as you say, you are clearly not middle income with average resources. You say I’m barking up the wrong tree, but the tree in question is a system that’s pricing out entire generations. Are we just supposed to shrug and say “that’s how it works”? This is capitalism I know, but that doesn't mean it's right. The fact that something sells doesn’t mean it’s justified, it means the top 1% still has the liquidity to win every bidding war. That’s not “the market”... that’s an engineered, artificial scarcity propped up by investment groups, zoning failure, and captured politics. My goal isn’t to change you... it’s to chronicle and question what's become accepted practice.

deanmoriarty 1y ago

> as long as people like you maintain such a callous attitude about those who came before them. I think you might be barking up the wrong tree here since I just rent a very modest apartment here and I’m not going to ever buy a property, nor vote against any housing shortage policies. My suggestion was purely practical. But what would you expect exactly? The Bay Area has a massive marketing machine that screams to the world: “come here, make big bucks quickly and easily!”, which is true. Do you expect people not to take that bargain? People will always be looking to improve their situation, I came from the other side of the world just like many others. It should be up to the government to either limit the inflow of people (via immigration control or other means), massively increase housing inventory or any other solution (I’m not an economist so I don’t know what’s the right one). The condo you listed just sold for less than its last 2019 sale value when accounting for the massive inflation rate of these past 5 years. Thinking that it was a bubble-driven price is really not the right attitude, in my opinion. It’s how much it’s worth, and the market confirmed it.

Compzilla 1y ago
I get your point that you’re not the buyer, and you’re not the one inflating prices. That said, if you are worth as much as you say, you are clearly not middle income with average resources. You say I’m barking up the wrong tree, but the tree in question is a system that’s pricing out entire generations. Are we just supposed to shrug and say “that’s how it works”? This is capitalism I know, but that doesn't mean it's right. The fact that something sells doesn’t mean it’s justified, it means the top 1% still has the liquidity to win every bidding war. That’s not “the market”... that’s an engineered, artificial scarcity propped up by investment groups, zoning failure, and captured politics. My goal isn’t to change you... it’s to chronicle and question what's become accepted practice.