San Francisco is replacing its low-income and working class populations with (very) rich people.
Graph courtesy of @sfplanningpic.twitter.com/SIH90kz9kU
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It's telling us what we already know. That the only non-wealthy residents who are living in SF are living in subsidized housing for very low-income residents. No refuge for lower-middle and middle-incomes. What's happened to the Black Community in SF is happening on a wider scale
I think there’s a larger conversation to be had about how CA cities are effectively financially structured to replace their own working-class populations. You have unpredictable, large (and usually growing) unfunded liabilities, a historically formidable 2/3s threshold to raise
Good q. Nonetheless, statement (tweet) remains true— net “low-income and working class” populations still negative while high income earners net positive.
And based on the pattern of development entitlements, it looks like that trend will continue/worsen. 18,600k market rate units approved, only 3,000 below market at all levels. Demographic patterns reflect who's being built for.pic.twitter.com/EmpDD50Q3v
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