If you don’t build more housing you get to a point where only people that work at Apple and Google can afford to live in an area. We’re not far - run down houses are selling for $2m in Cupertino. Who do you think is buying those?
If rich white people got a job at Apple they’re going to move somewhere. You can build more housing somewhere or they’ll move to where the poor people are and price poor people out. Literally lack of housing causes gentrification.
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most people who work at apple and google can’t afford a $2m house. new hires struggle. landlords are taking advantage. iirc in places like switzerland they have rules against rent gouging.
End of conversation
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