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Posted on 3/7/18 at 11:24 am to bobaftt1212
quote:
which is heavily influenced by taxes and policy right?
Supply and demand and wealthy investors buying property just to rent it out mostly. The article even states that some wealthy tech investors might seeing that prices are now too high to rent out so they’re getting out since they can work remotely. Seems like they milked it dry and now it’s too expensive to attract lessees.
quote:
The sky-high rent and cost of living that we've come to expect from the Bay Area might have finally taken their toll on a large proportion of residents. A huge wave of people are considering more affordable cities outside the world's tech capital, and they're taking their startups and investors with them, as Kevin Roose reported for The New York Times.
People renting are leaving and the people who rent to them can’t make money so they’re leaving.
Posted on 3/7/18 at 11:33 am to bobaftt1212
It's highly influenced by the demand of property and success of industry in the area.
Posted on 3/7/18 at 12:03 pm to bobaftt1212
quote:
which is heavily influenced by taxes and policy right?
Didn't read the article? Typical.
Posted on 3/7/18 at 12:13 pm to bobaftt1212
quote:
which is heavily influenced by taxes and policy right?
And geography. Why is Manhattan so crowded?
If SF and NYC sucked as much dick as many of you think they do, why in the frick would anybody want to live there at all, much less pay an extraordinary premium to do so?
Both are crowded and expensive. 15,000 people leaving SF isn't shite and 15,000 leaving NYC isn't even a fart.
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