4 ms·
>>>> The Bay Area is going to eat itself soon. There's just no way this housing situation is sustainable? What is the end game? Is this going to turn into Elysi
by at-fates-hands 12y ago
>>>> The Bay Area is going to eat itself soon. There's just no way this housing situation is sustainable? What is the end game? Is this going to turn into Elysium? How will normal people survive here without affordable housing?
It seems to me this is a cyclical issue. I'm guessing something major has to happen like the market crashes again, or the tech bubble bursts. This would make a lot of these high rent places either have to lower their rent, or go out of business.
Once they lower their rent, I'm sure more middle income people will move back into the city. This of course does not solve the affordable housing issue. As is the case in most gentrification situations, it just pushes lower income people out into the outer burbs, and this is already happening. I don't see any solution for more affordable housing. It seems this war has already been lost.