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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People sell properties at a much lower rate than in the rest of the country because you can hold your property tax basis and pass it along to your kids. The % of our housing inventory for sale at any time is usually 1/3-1/4th of NY's rate, for example. https://sf.curbed.com/2016/9/21/13004272/san-francisco-home-inventory-rises …pic.twitter.com/MJUgWYACkC
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(that chart is California-wide, not for SF. The city is *way* lower.)
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Yeah based on my admittedly anecdotal experience I’d say entry level programmer salaries went up more than 50% in real terms over last ~20 years in SF. Other jobs valuable to tech (marketing, analysts, etc) also went up but by smaller amounts.
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But property values did what? They went up by like 300%.
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