Re:Silicon Valley's housing crisis, in one sentence
by hx87 on Tuesday June 07, 2016 @05:36PM
(#11858098)
It is a necessity, because the rest of the Bay Area has even higher housing costs--at least the parts that aren't subject to terrible commutes, which are in large part caused by Proposition 13 starving governments of revenue. They don't want to live in SF for cheap, but they do want to live in SF for not-soul-crushingly-sums-of-money. Wanting to live where you work is certainly not an entitlement, at least not more than wanting your neighborhood to look the way it did 30 years ago forever and ever.
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Re:Silicon Valley's housing crisis, in one sentence
by archagon on Tuesday June 07, 2016 @05:51PM
(#11858237)
But tech industry salaries are inflated in lockstep. The rule of thumb is 30% of your income for rent, which is appropriate for $100k+ entry-level salaries. Also, out of the (admittedly very small and anecdotal) subset of programmers living in SF I've talked to, most have indicated that they live in SF because they like it there, not because it's cheaper than South Bay.