I'm a recent (last few months) migrant to the bay area. I have to say, for a city that hates capitalists, San Francisco sure is expensive.
(hmm, maybe there's some causation there?)
Re:Of the 1%, by the 1%, for the 1%
by stellar678 on Sunday April 03, 2011 @10:17AM
(#2402718)
Hates capitalists? This city was built on gold and the resulting necessary banking infrastructure. It's the financial center of the west coast!
I'm thinking of the rent control, the seemingly extreme (compared to anywhere else I've experienced) adversity toward any kind of building or redevelopment, the ongoing Twitter dustup, and so forth.
I moved to the bay area recently, and I'm an engineer. I was kind of wondering how people actually live out here. I came here from New York, so I get how people can rent for their whole lives, but I had thought that there'd be more reasonable home ownership in the bay area.
Not so. :\