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 …
-
-
Right. I agree. I'm not arguing against building more. I'm just saying there is also a systemic inequality issue and there isn't real wage growth.
-
there's likely wage growth, but it's not growing/compounding as fast as property values. California's system w/ Prop. 13 is designed to amp property values. Only 5,500 or so homes are sold each year in the entire city of SF.
- 4 more replies
New conversation -
-
-
Turnover rate is tightly related to Prop 13 and Rent Control. Everyone under 40 is screwed in SF
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
