why is there little upside for low income housing and why are techies a crisis? If anything, techies are more resilient due to their earning power.
It makes the city like Palo Alto, extremely exclusive and increasingly irrelevant to new company formation. Just all big tech executives and middle management.
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Singularly focusing on limiting new housing development to low-income/homeless -who left the housing market decades ago -would exacerbate that problem (big tech and ultra rich exclusivity) because the current crisis would continue: people fleeing now would have no relief in sight
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Because the market would then have housing for the extremely poor/homeless. And for the extremely affluent (executive level income) This the current state of affairs in the Bay Area. Just not enough housing for the homeless/extremely poor
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