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by gogobio
30 days ago
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You're right about one thing - housing being expensive is a choice, it's a choice of those who have moved to SF and despite it making no sense for their financial situation just "trying to make things happen" there to stay there. These are the people who drive property costs up. It's not about "just building more", that's literally never the answer. Building more is solving just for one factor and when you build more - guess what's gonna happen? More density, even higher costs of living because guess what - more people moving means more demand on local services, shops, transit, so higher costs. On top of it - folks who buy these newly built properties aren't going to be making minimum wage at a local coffee and avocado toast shop - they're business owners, entrepreneurs, founders, etc. Your cost of living will keep rising with every new property built and every new transplant. The real answer is taxes, taxing the shit out of these rich transplants and the corporations. You're in California I can't believe you lot aren't more progressive about jacking up the taxes on the rich to pave the way for a healthy society for the rest. But given that every single tech nerd that moves to SF sees themselves as a temporarily embarrassed millionaire or a not-yet-founder - good luck with that, I genuinely do not see even the younger crowd being pro taxing the rich in a city full of tech leeches. |
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