Finding the Downside In San Francisco's Tech Boom 373
snydeq writes "The NYTimes reports on the San Francisco's shifting socio-economic landscape thanks to a massive influx of tech workers and tax and regulation breaks to big-name startups. 'In a city often regarded as unfriendly to business, Mayor Edwin M. Lee, elected last year with the tech industry's strong backing, has aggressively courted start-ups. But this boom has also raised fears about the tech industry's growing political clout and its spillover economic effects. Apartment rents have soared to record highs as affordable housing advocates warn that a new wave of gentrification will price middle-class residents out of the city. At risk, many say, are the very qualities that have drawn generations of outsiders here, like the city's diversity and creativity. Families, black residents, artists and others will increasingly be forced across the bridge to Oakland, they warn.'"
The age-old question (Score:5, Funny)
Bad Now? Just wait 300 years! (Score:4, Funny)
Bad Now? Just wait 300 years! Apartments are going to be a B*I*T*C*H when Star Fleet United Federation of Planets moves into Sausalito.
Re:The age-old question (Score:3, Funny)
You did, but it was so obscure you probably didn't realize it.