Techies concerned with solving the housing crisis in SF often make the case for building more, but maybe "increase wages" should be the main rallying cry.https://twitter.com/CityLab/status/1126670338698485760 …
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Right. So would it be fair to say the rise in median income has been due to middle class flight rather than real wage growth, since lower class has held steady but middle class has been replace by wealthier population?
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well why can't the middle class stay? They can't afford to stay. They can't compete when SF has 1/3th to 1/4th the property turnover rate of the US and builds 2K units a year against 10K/yr population growth.
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Whenever the Bay Area has tried to do middle-income, you do have to rely more on market-rate to cross-subsidize. That usually has become highly politicized between low & middle-income advocates and so usually nothing gets done and we just hemorrhage more middle-class workers.
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de facto situation is... taxpayer subsidies for low-/very-low-income units, and market-rate (no taxpayer subsidies) to ease impact on the middle-class regionally. Or create a custom middle-income program, which
@supervisortang tried to do but was watered down to ineffectualness
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