Re:Thousands of New Millionaires Are About to Eat San Franci...
by wil421 on Thursday March 07, 2019 @02:17PM
(#19331191)
If SF allows high density condos to start being built, do you think developers will build “regular” housing or high end condos? Assuming the developers have a choice.
What happens to the neighborhood if million dollar housing is built? I know what happens and I can see it around me. I’m priced out of my current area and I’m not in SF or a high cost city. I could afford it but I can buy 3x the house and property 20-30 mins away with better schools. Same commute. The weathly residents in my current area can afford private schools so there’s no incentive to improve the public schools.
What happens to the neighborhood if million dollar housing is built? I know what happens and I can see it around me. I’m priced out of my current area and I’m not in SF or a high cost city. I could afford it but I can buy 3x the house and property 20-30 mins away with better schools. Same commute. The weathly residents in my current area can afford private schools so there’s no incentive to improve the public schools.