True. Varies significantly by municipality though.
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even if they wanted to punish tech, it isn't working. SF near bottom of US cities by rent burden http://goo.gl/KKGWVB
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@JedKolko@NickTimiraos@conorsen@ConorDougherty they also screwing themselves. The well off just weather the stupidity. -
well, "they" generally own property so "they" are sitting on 10-30X returns.
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I doubt there is an organized conspiracy of baby boomer homeowners out to punish tech.
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don't think it's intentional. Rationale is to preserve quality of life but it inadvertently hurts the poor.
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@JedKolko@NickTimiraos@conorsen@ConorDougherty SF & Bay Area are fucked up…Thanks. Twitter will use this to make your timeline better. UndoUndo
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to be fair, rent control is about letting people stay in their homes, not rent control. Misnamed.
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it's officially called rent stabilization
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whoa! congrats
Thanks. Twitter will use this to make your timeline better. UndoUndo
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