|
|
|
|
|
by darth_avocado
1863 days ago
|
|
Tech didn't out price the people, nimby politics did. Average home owners in San Francisco have been owners for about 14 years. [1] Any new development basically hits a brick wall unless it's on a radioactive dump or ultra expensive downtown. You all remember the famous laundromat saga, those were not tech workers preventing new housing, the locals were. [2] Anti gentrification policies almost always end up displacing the populations they are meant to protect. You don't want new apartments in a specific area because it may bring in newer crowds? Well guess what, those crowds will come any way, and now they can out price the people who live there. Rent control is another problem, because long time residents won't move. And with no new inventory, the prices for pretty much any apartment that enters the market goes sky high. It's not the tech workers who displace the locals, they are anyway hunting for apartments in a different price range from the locals. It's the locals now just budgeting higher portions of their income towards rent and displacing other locals. This is exactly what happened in Berlin. [3] And last but not the least, I think despite the nostalgia and how we remember SF differently from what it is now, yes there were quirky businesses all around. But there were only specific parts of the city that had them and quite frankly a lot of them just used to be replaced by newer businesses every couple of years. But what happened at some point was too much bureaucracy, red tape and politics crept into the cost of starting a business that now you have to sink almost a quarter of a million dollars before you can even start an ice cream shop. [4] It was partly the "locals" who created these problems. [1] https://journal.firsttuesday.us/california-homeowners-are-st...
[2] https://www.bizjournals.com/sanfrancisco/news/2018/08/21/san...
[3] https://www.bloomberg.com/opinion/articles/2021-03-02/berlin...
[4] https://www.sfchronicle.com/local/heatherknight/article/S-F-... |
|