Re:Tech’s Wealthy Enclaves Hurt the Country and Tech Itself
by shostack on Monday April 03, 2017 @07:41PM
(#14028279)
> "but urban apartments are still $1500-$2000+/month and there's still a housing affordability crisis."
Because what your statement is missing is "still a housing affordability crisis for more desirable locations with decent commutes, lower crime, etc."
Rents are still relatively cheap in neighborhoods with lots of violent crime. Rents are likewise relatively cheap when you get far enough out to be an hour or two by train.
Safer urban centers where jobs are located will always have higher prices than locations without jobs.
Because what your statement is missing is "still a housing affordability crisis for more desirable locations with decent commutes, lower crime, etc."
Rents are still relatively cheap in neighborhoods with lots of violent crime. Rents are likewise relatively cheap when you get far enough out to be an hour or two by train.
Safer urban centers where jobs are located will always have higher prices than locations without jobs.