Not many developers try for the Mission these days so the de facto situation is that more of whatever’s left of the neighborhood’s middle class just hemorrhages out. You win the 1% chance on the BMR lottery or you win the tech lottery to buy a $3M place.
There’s a symbiotic relationship between the two. California cities have structural deficits built into them; the revenue they can collect from property is capped but their liabilities are always growing faster. Hence they need arrivistes as you say to close those financial gaps.
-
-
so what? i've been here 30 years and there's never been a time when it was affordable housing advocates driving any real decision-making
-
it's not *which* rich-- it's that it *is* the rich, always
End of conversation
New conversation -
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.
