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Bay Area better for Housing Than Many Parts of the Country

Original post made by BayAreaBetter, Fairmeadow, on Dec 11, 2015

This recent study on rental housing
Web Link

concludes that the Bay area is better than most of the country for renters, because while our rents are high, the average income is even higher. This article summarizes the study
Web Link

So do we have a housing crisis? It seems like what we really have is a national income inequality issue. Rental housing here is actually better than many cities. But prices are being driven up by the high salaries of tech workers. With such a widespread in income levels, its impossible to drive the housing prices down. Trickle down house pricing doesn't work.
Web Link

Comments (1)

Posted by Paly Alum
a resident of Palo Alto High School
on Dec 11, 2015 at 7:57 pm

Is this homework for an econ class? No, thanks, going to another thread for some pleasure reading.

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