Mason  🏃‍♂️ ✂️

Teachers are only priced out because politicians divert money from teacher salaries to the homeless services industry (>>$300 million in SF)

Definitely. To match the prices of homes in SF we should pay every teacher a salary of... About 250k, to purchase a median priced 1br home (1.6 million). To afford rent for a median 1br (3.6k per mo) they'd need at least 120k just to qualify (40 x monthly rent) They make 60k.

This also means that just about everyone in the city should be getting paid 120k+. Teachers, firefighters, postal workers, janitors, baristas, waiters/waitresses, trash collectors, bus drivers, etc. OR we could focus attention on the cost of housing and stop pushing out non-rich

Median rent & home sale price is much greater than bottom quintile. A 2-income household each earning minimum wage $15/hr and working 50hr/wk can afford $3500/mo in rent. Plenty of options.

The couple you're talking about is working full-time + 25% and spending >50%(!) of their combined income on rent. If either of them loses a job or has hours cut, rent is on the line. They can't afford to split up. They can't afford to have a kid. This is a VERY tenuous situation.

“Median rent” means 50th percentile, not cheapest option available. The bottom quintile or decile of market-rate studio apartments costs well under $2,000/mo.

I'm really skeptical of that claim. Very few apartments are on the market under $2k in SF, let alone "well-under." And while living in a 300 sq ft hole in a sketchy area can be a stopgap, your hypothetical couple is working too many hours to have many options for ever escaping it

Currently 20 legitimate listings on Zillow for <$1600, and 60 listings of 2-bd apartments for under $3000.