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A comment on The Decline of Investment in San Francisco Startups. Parent comment

Re:The Decline of Investment in San Francisco Startups by vedanta on Friday July 21, 2017 @12:55PM (#14821999)
BMR-renting makes sense at 25% or more. You can kick someone out in a yr. if they've started to earn more. You can rent at-cost, and not lose money like you would in a BMR sale.

Wouldn't you rather be using the loan/tax subsidy to house 10 people in rentals instead of 2 in a BMR condo? Asking for 25% BMR is holding back development and the marginal number of units built in each development. 10% is good compromise for service jobs (though service jobs do pay competitively in the bay area for the most part, teachers make 100k+, cops make 150k+). I'm not saying end BMR completely, just a compromise for which valid reasons exist, with the aim of hopefully someday eliminating it.

How long has SF had a BMR program? and rent control? I think they've both hurt more than help. Possibly even by design.

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Re:The Decline of Investment in San Francisco Startups by abalone on Friday July 21, 2017 @05:46PM (#14823940)
> teachers make 100k+

You're way off. The median annual Teacher Elementary School salary in San Francisco, CA is $69,389, as of June 28, 2017.[1]

Cities also need a large number of service industry workers that make even less than this.

[1] http://www1.salary.com/CA/San-Francisco/Teacher-Elementary-S...

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Re:The Decline of Investment in San Francisco Startups by vedanta on Friday July 21, 2017 @10:17PM (#14825056)
I would say most bay area and CA cities pay their public sector employees rather well (with pensions). It's the artists, private-sector service employees, and other low-income jobs that are squeezed the most.
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