[raldi]

> And it feels most like a mining town, in that it’s disproportionately young men coming in, and they’re transient. They’re not committed to the place, and they’re displacing a lot of people who are.

They're transient because screw-the-newcomer policies like Prop 13 and rent control make it unaffordable for many of them to settle down here. And it's disproportionately young men because these same policies, in conjunction with anti-development measures like 40-foot height restrictions across the street from BART stations, make it nearly impossible to live here without a tech worker's salary.

[BashiBazouk]

That quote is hilarious. So San Francisco is returning to it's roots? When the city was built, it was a mining town (well mining support town) and it was disproportionately young men coming in...

Are we sure this isn't how it's supposed to be?

[mathattack]

Indeed. There are two forces pushing against each other in this discussion of the arts. On the one hand, tech money does find it's way into the hands of artists. (In NY there's a saying that "Every financial services job pays for an artist" and employment in the latter follows the former)

But artists need a place to live. When artists leave, they can't afford to move in because of anti-development policies that discourage investment in the housing stock. The rent control policies protect existing inhabitants of existing buildings, but wind up crushing everyone else. Good intentions, but terrible unintended consequences.