[amateurpolymath]

"There is no room to expand without replacing something that’s already there. Since few of the Victorian residences that give the city its character are taller than three stories, housing is perpetually in short supply."

The problem isn't yuppies, it's zoning.

San Francisco residents and municipal government are more interested in preserving old buildings than increasing housing supply, then complain that prices are going up? Well yeah, Supply < Demand.

In Miami, we had a similar problem: the booming financial industry brought in yuppies that threatened to displace the Cuban immigrants that give the city character. So the city simply turned the area around the financial firms (Brickell) into a bunch of fancy high-rises.

I'm sure there were plenty of cool old buildings in Brickell. But the municipal government compromised and Miami is better for it.

[1] http://marketurbanism.com/2015/04/20/travel-update-a-tale-of...