Babyboomer property owners in the Bay think they're punishing tech but they're really screwing the poor.https://twitter.com/JedKolko/status/767739772747993088 …
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Kim-Mai Cutler Retweeted Jed Kolko
Babyboomer property owners in the Bay think they're punishing tech but they're really screwing the poor.https://twitter.com/JedKolko/status/767739772747993088 …
Kim-Mai Cutler added,
even if they wanted to punish tech, it isn't working. SF near bottom of US cities by rent burden http://goo.gl/KKGWVB
we have an unusual market because 45% of units are rent controlled. Most cities do not have the strength of RC that we have.
Good point. Not sure how the original calculation was done. @richard_florida has done work on this, may have insight.
we may have a different rent-burden level bc of RC but newcomers have to be pretty affluent to move here
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