There are still some people who have been there long enough to have reasonable rents grandfathered in. As they age out of the workforce or move for any reason…
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those numbers assume rent is only 30% of income, one wage earner per household and a 40-hour workweek, so they have to 4x that somehow $55/hr for benchmark affordable living is bananas
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That's because most people have multiple roommates. And many couples moving here are white collar DINKs. And for lots of folks rent is around 50% of their monthly. They barely go out.
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Not to mention the utter lack of urgency at City Councils... San Mateo is considering downzoning for another ten years for heavens sake
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person after person at last meeting got up and said “no one can afford to live here” “all of my kids best teachers are leaving” and then one lady goes “we should downzone because it takes too long to get to my second house in the mountains”
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<- lives in one of those counties, can confirm the cost of living is pretty nuts
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thousands of people are living in the streets. isn’t that what a systematic breakdown looks like?
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Technically the homeless situation in the Bay has stayed *roughly* the same. I was surprised at that too. SF for example has been at ~7500 homeless people since ~2008 I believe. That’s too many people slipping through the cracks of course but still...
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Hanging on by thin threads: 1) RV living 2) houses the resident or their parent bought >40 years ago (many of my kids’ teachers are 20-somethings living in the house they grew up in, who will have to move once they marry+have their own family) 3) 2-3 hr commutes (also teachers)
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Yes! all 3 of those happening a lot. Also, ppl managing their rent by accepting less & less space. Example: college alum email list w daily posts like “$1200 for large 12x12 bedroom w shared bath.” Starting to see/hear more examples of bedroom sharing (“$800 for half-bedroom”).
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