Good news for single-family homeowners in SF. Your neighborhood character will be protected & your home value will either continue appreciating at $300,000 per year or hold value during the inevitable crash. But if you're looking to stay long-term? Ya gotta go to the East Bay nowhttps://twitter.com/kimmaicutler/status/1004379162751012864 …
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And if you can't afford the rent, you can apply for one of these housing lotteries, which are harder to win than it is to get into Stanford. Or you can overcrowd in unsafe conditions. https://www.nytimes.com/2018/05/12/upshot/these-95-apartments-promised-affordable-rent-in-san-francisco-then-6580-people-applied.html …
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Because the Bay Area is actually a wealthy, gated retirement community where all the property owners don't pay enough in property taxes and therefore the system must rely on mega-corporations to keep it and the state of California financially afloat.
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And then the people who got here first get mad that this entire system, which they are also part of, means that no one exactly like them who showed up in the late 1970s can afford to show up anymore.
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The ironic thing is that the ongoing homogenization and aging of San Francisco will also make the East Bay increasingly appealing, to many. Vicious cycle. I live in (and love) the Inner Sunset but would already far rather move across the Bay than to most other parts of SF.
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The East Bay can't really start attracting more tech without either significant capacity increases on the cross-bay travel (including Transbay), or serious numbers of companies moving that way. Dumbarton was a 90 minute drive when I left and that's...
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