svsanta
Re:Silicon Valley’s Economic Indicator: Caltrain Ridership
on Tuesday September 22, 2015 @03:42PM (#10261115)
Why is it the tech industry's fault? It's a good thing that the industry is prospering. Would you rather have people losing their jobs? However, it is a bad thing that the housing supply is not keeping up, leading to high rents. There needs to be way more housing supply. This is the obvious solution that is somewhat of a third rail issue due to local politics and homeowners. The fact that even Palantir employees have lobbied for more housing in Palo Alto shows it is really affecting everyone who doesn't already own a house or condo, even those well off.
Also, it's not like the area isn't benefitting from prosperity through taxes. Why is it a company's responsibility to donate for cleanup projects when their taxes already pay for such things? If there should be more meal programs in a city, the city can vote for that, and fund it through taxes.