patrick.net

The Professor says

The Professor says

My real question is, given the underlying financial situation, how high can rents go before thay can't go any higher?

Anyone?

It's driven by supply and demand. Lower income people will leave the Bay Area and go to lower COL areas. If enough of them leave and the Area can't find enough low income workers, then wages will increase to the point that will bring those workers back.

The Professor says

Kids $0 (can't afford the time or money)

If you focus on that line item, you'll have figured it out.

No, it's not sustainable, in that, it can't replicate itself.

As designed.

Same with high college tuition and the middle class.

The only answer is to not replicate.

Again, as designed.

bgamall4 says

debyne says

The Professor says

The Professor says

My real question is, given the underlying financial situation, how high can rents go before thay can't go any higher?

Anyone?

It's driven by supply and demand. Lower income people will leave the Bay Area and go to lower COL areas. If enough of them leave and the Area can't find enough low income workers, then wages will increase to the point that will bring those workers back.

No, too many multigenerational people living and willing to work for cheap. It is not working for the worker right now as people have to retrench.

Well, then that's their choice. Why try doing something about it? It's in their hands.

bgamall4 says

debyne says

Well, then that's their choice. Why try doing something about it? It's in their hands.

I actually advocate multigenerational living. The banksters hate lack of household formation, and they almost think the young are stealing their profits by doing so!

I don't disagree with you...I think multigenerational living works on many levels. However, there is that trade-off of having to move and it sucks when it has to happen. I've had to pick up and move my family a couple of times and I hated it, but it was what was best for us in the long run and I couldn't be stubborn about it.