[xienze]

> Imagine if they said, 'SV company pricing is causing inflation' or 'wages in SV are causing inflation'.

Not sure I follow where you’re going with this — are you suggesting SV salaries aren’t causing inflation in the local area? They absolutely have kicked off an inflationary feedback loop in SV real estate.

* Pay tech workers more to attract them to SV.

* Housing prices rise.

* Pay tech workers more to compensate for higher real estate prices.

* Repeat.

Suddenly you find yourself in a situation where $400k in total compensation for a single FAANG employee isn’t out of the ordinary. Great for them, terrible for everyone making normal amounts of money — houses cost $1M+.

[wolverine876]

> Not sure I follow where you’re going with this — are you suggesting SV salaries aren’t causing inflation in the local area?

Sorry I wasn't clear. My point was that people now focused on rising wages causing inflation are typically wealthy professionals (such as in SV). I imagine a different response if someone attributed it to the wealthy people's income.

It's often: 'We need to cut their taxes so they can stimulate the economy more!'

[ZoomerCretin]

The only problem with the SV real estate market is the segregationist-era zoning policies preventing the market from sorting out the self-inflicted shortage.