If people were really being priced out eventually San Francisco would fizzle out as a centre for innovation and the interest would move elsewhere. It probably isn't going to happen any more than high prices in New York failed to price out banks and bankers.
Re:Stop Buying Real Estate in SF
by mixmastamyk on Thursday January 14, 2016 @04:12PM
(#10904516)
It's not the rich that gets priced out.
Of course not: that's the very definition of ‘rich’ — having greater spending power than others.
Re:Stop Buying Real Estate in SF
by mixmastamyk on Friday January 15, 2016 @12:46PM
(#10910803)
> It probably isn't going to happen any more than high prices in New York failed to price out banks and bankers.
It is supported, subsidized, and protected by the government at almost any cost, with the result that average-income people can no longer afford a home in desirable areas.