The Silicon Valley peninsula is becoming a glorified retirement community with real estate equity for boomers propped up by proximity to corporate HQs who then export their workforce's housing needs to other parts of the Bay Area. https://twitter.com/ByRosenberg/status/959522693002412032 …
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Replying to @kimmaicutler
End proposition 13!!! That is why they aren’t selling their houses they are paying literally next to nothing to live there - like $600 a year in property tax. That law guts our public infrastructure and distorts property makers.
3 replies 0 retweets 16 likes -
Replying to @IdentityWoman @kimmaicutler
So people should be forced to move because their house is worth millions now but when they bought it there was no such thing as "silicon valley"?
1 reply 0 retweets 4 likes
“Silicon Valley” was named in 1971. Most people probably came after that. In any case, they are forcing other people to move by knowingly using these tech cos to prop up local budgets & property values while the workers live in the urban core, displacing tenants, POC.
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