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Real Estate
Reply to "What $800k in Silicon Valley looks like"
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[quote=Anonymous][quote=Anonymous]I have always wondered where the police officers, teachers and firefighters live in these large cities where a burned shack is almost a million. How does anyone live on a salary of $50,000 or lower? Seriously?[/quote] All housing in the city isn't a single housing unit on an 8,000 SF lot. There are plenty of townhouses, apartment buildings, condos, and SF also has pretty expansive rent control. That doesn't mean there isn't a housing crisis, there is, but it's just like anywhere else. People with more money live in nicer places, people with less money may be living in small apartments, under rent control, maybe have lived there long enough to own something before prices got out of control, maybe don't live in the city. A good sized lot in a very desirable area isn't the right metric to decide how everyone who work in an area lives. [/quote]
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