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Old 03-23-2016, 10:50 AM
 
1,099 posts, read 901,506 times
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Quote:
Originally Posted by Perma Bear View Post
Yeah because it's radical living with 5 people in a studio apartment!!!
Uh huh. And if they came here prior to 2011, the tech jobs had nothing to do with their rent. And if they came here after that, they knew the rent price and what their skill set would command for pay. One way or another, they ultimately chose that they wanted to live here (similar to people like Neutrino). But let us all know when someone has a gun to their head and is under some form of duress to live here.
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Old 03-23-2016, 10:50 AM
 
Location: SF Bay Area
18,982 posts, read 32,656,174 times
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Quote:
Originally Posted by dmode View Post
There are far more people who prefer the boomtown SF, rising home values, plentiful jobs, rising incomes that there are people whining about it. Unfortunately, the first group doesn't make for interesting news story
Considering the widening income inequality and rising rents in the Bay Area I'm not sure that is really the case. Pretty sure the top 1 or 2 concern for people in the Bay Area is housing affordability according to surveys.
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Old 03-23-2016, 10:53 AM
 
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Originally Posted by sav858 View Post
Considering the widening income inequality and rising rents in the Bay Area I'm not sure that is really the case.
But Sav, why does income inequality matter so much to you if you are already locked in to a lower rent or mortgage price? The biggest expense a household has is rent/mortgage. In a sense, the higher prices are actually working as an equalizer. Sure we can sensationalize and take the extremes on both sides. Of we can look at similar class levels and compare (a much fairer way of looking at things).

Last edited by bodyforlife99; 03-23-2016 at 11:01 AM..
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Old 03-23-2016, 11:00 AM
 
Location: SF Bay Area
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Quote:
Originally Posted by bodyforlife99 View Post
But Sav, why does income inequality matter if you are already locked in to a lower rent or mortgage price? The biggest expense a household has is rent/mortgage. In a sense, the higher prices are actually working as an equalizer.
The majority of the Bay Area renters aren't locked into a lower rent at all. Also if you're income is stagnant or even lower than before, you're still falling behind even with a lower mortgage.
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Old 03-23-2016, 11:06 AM
 
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Quote:
Originally Posted by sav858 View Post
The majority of the Bay Area renters aren't locked into a lower rent at all. Also if you're income is stagnant or even lower than before, you're still falling behind even with a lower mortgage.
The post is referring to San Francisco. And you do know how low the increases are for rent controlled apartments. You wouldn't need much of an increase on your salary to keep up with those.
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Old 03-23-2016, 11:10 AM
 
Location: SF Bay Area
18,982 posts, read 32,656,174 times
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Quote:
Originally Posted by bodyforlife99 View Post
The post is referring to San Francisco. And you do know how low the increases are for rent controlled apartments. You wouldn't need much of an increase on your salary to keep up with those.
San Francisco doesn't exist in a vacuum.

Again, especially with the city if SF, housing affordability is the #1 concern of residents.
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Old 03-23-2016, 11:58 AM
 
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Quote:
Originally Posted by sav858 View Post
San Francisco doesn't exist in a vacuum.

Again, especially with the city if SF, housing affordability is the #1 concern of residents.
Of course it is and I've already commented on that. If you lived here prior to 2011, you can't blame the tech companies for your rent or mortgage. And if you got here after that, you knew what you were in for and chose to be here. What more needs to be said? Their was income inequality long before the tech companies got here. It's not exactly fair to blame them for it.
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Old 03-23-2016, 12:03 PM
 
Location: SF Bay Area
18,982 posts, read 32,656,174 times
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Quote:
Originally Posted by bodyforlife99 View Post
Of course it is and I've already commented on that. If you lived here prior to 2011, you can't blame the tech companies for your rent or mortgage. And if you got here after that, you knew what you were in for and chose to be here. What more needs to be said? Their was income inequality long before the tech companies got here. It's not exactly fair to blame them for it.
Both the COL and income inequality haven't gotten a lot worse recently.

A lot of people complaining were here before 2011 imo.
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Old 03-23-2016, 12:08 PM
 
1,099 posts, read 901,506 times
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Quote:
Originally Posted by sav858 View Post
Both the COL and income inequality haven't gotten a lot worse recently.

A lot of people complaining were here before 2011 imo.
And they're the beneficiary of lower rents and mortgages that have nothing to do with the tech industry. Not to mention there's more tax revenue and more people working. I'm thinking that's a good thing.
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Old 03-23-2016, 12:18 PM
 
Location: SF Bay Area
18,982 posts, read 32,656,174 times
Reputation: 13635
Quote:
Originally Posted by bodyforlife99 View Post
And they're the beneficiary of lower rents and mortgages that have nothing to do with the tech industry. Not to mention there's more tax revenue.
They're also part of the population under thread from eviction. Either way I wasn't just referring to just the city of SF. The vast majority of renters in the Bay Area don't have any type of rent control.

Whether or not you consider it a valid complaint/issue is fairly irrelevant considering how many do.
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