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People are talking about this because previously the problem didn't directly affect them. When you make $120k/year and all of a sudden the guys making $60k/year
by jsun 13y ago
People are talking about this because previously the problem didn't directly affect them. When you make $120k/year and all of a sudden the guys making $60k/year are priced out of the market you feel bad but you can't directly relate. When in turn you get priced out of the market (as is happening in many SF neighborhoods), all of a sudden you feel treated unfairly, and start complaining about how you were once part of the fabric of the neighborhood:)
I can actually see it both ways, but you have to accept or reject the argument in it's entirety instead of setting some artificial cap for how much you have to earn to be able to live in SF, which is essentially what's happening today.
And by the way this is a poor free-market argument. If this was a free-market, regulatory actors would act rationally from an economic perspective and allow construction of as many new units as the market can bare.