Tech Workers Can Afford San Francisco. Low-Income Renters Can't
technometrics.substack.comSomething about this article seems suspicious to me. It’s this part:
”It’s difficult to sympathize with people making a combined income of $365k, which places them comfortably in the top 20% of San Francisco households.”
If someone without household income in the top 20 percent cannot find a place to live in that city…isn’t that a catastrophic situation? I mean these people were looking for a simple apartment and couldn’t find one. That’s…highly concerning. Their story shouldn’t be dismissed.
That's more of a problem for the tech workers themselves, their fellow commuters clogging up the road, the companies who employ them, and the city (long-term, the city becomes stagnant and ossified). But that's not a problem for the landlords of the city, who benefit from the massively inflated rent they can charge.