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Re:More than one-third of schoolchildren are homeless in sha... by kentbrew on Thursday December 29, 2016 @12:34PM (#13278627)
East Palo Alto resident, here. Not at all surprised to hear this; our town used to be the last place on the Peninsula where non-engineers could afford to live, but those days are gone. See here for some history:

https://techcrunch.com/2015/01/10/east-of-palo-altos-eden/

Some reasons:

- Predatory lending resulted in a 35% foreclosure rate on single-family homes since 2008, half of which are now owned by people who don't live in town. More at http://archive.peninsulapress.com/2013/07/16/squeezed-by-the...

- Until mid-2016, virtually all of the high-density rental homes in East Palo Alto were owned by a single absentee landlord in Chicago, who was hell-bent on chasing out as many residents as possible so they could reset rents to "market rates" or (better) knock down the apartments and build condos. More at http://www.bizjournals.com/sanjose/news/2016/02/16/exclusive...

- The price of local housing has jumped since Facebook opened their new campus, offering a $10,000 to $15,000 payment to employees who live within 10 miles of One Hacker way. More at http://www.reuters.com/article/facebook-benefits-idUSKBN0U02...

I'm sad to read some of the comments. "If you can't afford to live in your neighborhood, get the hell out" is a sentiment that will definitely come back to haunt you.

Re:More than one-third of schoolchildren are homeless in sha... by sirakov on Thursday December 29, 2016 @01:18PM (#13278930)
Why is that a bad sentiment? People downsize homes all the time.

Anecdotal, but my own parents moved away from Chicago to rural Michigan when the economics just didn't add up. Chicago housing is hundreds of thousands, where as rural Michigan you can buy a good single family home for under $100k. Cheap enough to support a family off of a minimum wage job (and I mean real minimum wage, $8.50 an hour for Michigan).

http://www.zillow.com/homes/Decatur-MI_rb/