Also, neighboring East Palo Alto has a school district reporting a *42%* homelessness rate. We can become Palo Alto. Totally fine. Totally normal.https://www.paloaltoonline.com/news/2017/03/10/ravenswood-school-district-superintendent-tackles-growing-housing-crisis …
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Redfin, Zillow. Take a look!
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This is the *whole reason* the probable mayor elect
@markleno instituted the city’s first inclusionary ordinance in 2002. It was a calculation that CA property owners would never vote to meaningfully tax themselves to subsidize low-income housing. - 1 more reply
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Which makes the argument for more bmr *less* crucial?
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So if you get 600 protected units predicated on bringing in 13,000 additional workers, who will then continue to gentrify the existing housing stock, is that on balance a win?
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are ppl aware the ones hurt most by lack of market rate are middle/lower middle class ppl who are stuck as renters? It essentially widens gap of someone who has a good job to reaching financial independence
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The most likely outcome is probably a return to company towns.
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More like “company districts” infilled in existing municipalities, but not likely. Today’ tech leaders are culturally and personally incapable of mastering the long-term risk & investment perspective required for complex real estate other than office assets.
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