The Onion reports:
SAN FRANCISCO—Saying that staying in its current location was no longer feasible, sources across San Francisco confirmed Thursday that the popular Northern California city would be shutting its doors at the end of the month due to rising rent.
Residents and business owners of the iconic West Coast metropolis, which has occupied the same peninsula for generations, told reporters that spiraling costs had reached such a level that remaining in its 47-square-mile waterfront space was simply beyond its means.
Read on for more.
Have they tried moving to Daly City?
This was in SFGate last week, they called it a ‘moratorium’
Yes, building luxury lofts to capitalize on the demand of speculators and Chinese capital flight has proven to be effective at lowering the cost of housing. Let’s keep doing the same thing over and over, even though there is no evidence that building “market rate” housing has ever lowered the cost of housing anywhere. There surely can’t be any other approach, and Rand forbid we try something else than failed “market solutions.”
It’s weird how you make a joke about Ayn Rand while sitting on the anti-progressive side of this discussion.
“There is no evidence that building “market rate” housing has ever lowered the cost of housing anywhere.” Umm, yes if your source for information is your cat. Try doing some searches on this magic box you are communicating through and you’ll find much to your chagrin that yes, adding tons of new housing has somehow magically alleviated housing crunches and lowered rents in several places, Chicago is one of the most recent examples.
Oh snap
My cat favors the moratorium and believes it will reduce the cost of housing, but my cat is also an idiot.
This is gonna hit too close to home for some people on this blog.
WE NEED TO BUILD MORE HOUSING. Seriously, go look at Seattle, it’s basically all construction at this point, holy hell why can’t people understand the need for housing
Plenty of cranes up in SOMA. Not that it matters.
Seattle is roughly 84 sq. miles of land with 670,000 people, while S.F. is roughly 47 sq. miles of land with 850,000 people, you cant compare the two.
I wish The Onion would stick to parodies, it hurts when they report the truth.
Dammit, that wasn’t intended to be a reply. Fucking WordPress.
you’re micromanaging & overthinking
Of course you can compare the two… The area around Amazon is just construction hell, they are actually building housing for their employees instead of making them venture elsewhere into Seattle to find it. Capital Hill is also building up absurdly, just look at that place on Valencia in planning limbo for a decade, and you can kind of get a sense to why our cost of living is so high.
It’s not like the tech workers in Seattle make any less than the workers here, and honestly when you walk around Seattle it feels like proportionally they make up a much larger percentage of the population than here. So why is their cost of living less? And why hasn’t it exploded. I mean that as a serious question, because the answer is clear to me, but elusive to other people.
btw for those who do not know, Amazon is effectively in downtown Seattle
Where’s Google located? How many apartments have gone up there?
Mountainview, a City who’s NIMBYs get behind extremely restrictive policies that prevent people from putting new housing there. Much like the what’s going on in San Francisco . . .
I say we go back to farmland…
I’ve got it! Let’s just rent out one of our spare neighborhoods on AirBnB and make a couple extra bucks!