Hacker News new | ask | show | jobs
by minwcnt5 1064 days ago
You might be underestimating the effect of prop 13. There's a large number of older SF residents who aren't techies, but can easily afford to live here because they bought property here 20+ years ago when it was much cheaper and now pay almost zero property tax. To be sure there are a lot of people in tech jobs, but there are lots of other well-paying jobs in the city in areas like finance, law, consulting, etc.
1 comments

I’m not sympathetic to tax dodgers that set up a pyramid scheme (prop 13) that I (as a California homeowner of working age) am a victim of.

The hypothetical person in your example must be making way under local poverty level income to have trouble living in SF without housing and tax expenses.

They could get a job, or move out and extract rent from a techie.

From my perspective, they are sitting on a winning lottery ticket and whining about how they don’t want to spend it, but want all the other benefits.