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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The foreign workers who come in are also given housing.  This affects rental rates.   A two bedroom apartment in a high tech area is $6,000 plus.  Corporations don’t blink but Americans being pushed out due to unaffordable rents sure do. [/quote]

No. There are 2 things raising the rents in areas like SF:

1. Fixed property taxes and fixed rents so people stay in the area long after they would normally have moved on.

2. Rich foreign people - mostly from China - buy up properties in desirable areas of California and don’t even lease out the property, just let it sit there vacant (no hassles for them that way), to park their money away from the Chinese government.

Higher demand, lower supply means higher prices.

[/quote]

There are pharmaceutical and tech companies interspersed between massive apartment complexes in Cambridge.  They are full of H1-B visa holders.  They also have some subsidized units.   Rents are average $6,000 per month with parking and other amenities. I know a lot of workers from Russia,China, Middle East.  They don’t pay their rent so the greedy management companies charge ridiculous prices. [/quote]

Prices are high because Cambridge restricts development.  These massive apartment complexes are small in number with select developers paying the right people.  But generally you are not allowed to build higher than three stories in Cambridge.[/quote]

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