[jedberg]

> But really, can you blame them for that? If you were a homeowner wouldn't you rather have your house worth more?

I am a Bay Area homeowner, and no, I do not want that. I'm able to see the long term effects of that, and realize that in the end it will bad for me, bad for everyone around me, and bad for my community, when all the people that provide services in our community get priced out.

And the wages are only going up because of the housing costs. If the costs weren't so high, companies would not have to pay so much to get people to move here, which is the main driver in determining wages.

You hit the nail on the head though with "most of us who can afford that rent probably are still WAAAAY better off than the average american". Not everyone can afford the high rents. And eventually there won't be anyone left to provide any services, or the cost of those services will have to go up, and people will move away even faster as companies decide it just isn't worth paying that much anymore and start locating elsewhere.