2 ms·
I would need to make $550k/year to afford to buy a home where I grew up in San Jose. The conflagration of Prop 13 and an unregulated influx of rich people from
by burnt-resistor 1y ago
I would need to make $550k/year to afford to buy a home where I grew up in San Jose.
The conflagration of Prop 13 and an unregulated influx of rich people from all over the US and the world ultra-gentrified the Bay Area beyond the small crust of billionaires and marginal millionaires and a sea of middle class-ish people. There were no meaningful, comprehensive supply or demand protections post Prop 13.