And those at the bottom(working poor) continue to be eaten alive
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The obvious solution is to ease the regulatory process... for mega developments and luxury condos
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Watching this happen in San Francisco as well. My friends opened a second branch of their small business downtown 2 years ago, and now they're facing huge losses because the leasing company is evicting them for this:https://sf.eater.com/2019/7/23/20706270/eatsa-closed-tech-company-starbucks-investment-brightloom …
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Meanwhile every other storefront is empty. You know it’s bad when the rent’s too damn high for Armani.
End of conversation
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