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b_b · 3546 days ago · link · · parent · post: American homeownership is at its lowest since 1967... and is still falling.
SF is such a pigfuck, blood orgy of money that I'm not sure it's really even meaningful to compare it to the rest of the country. I wonder what CA looks like when the Bay Area is removed from the data. I'm sure it's still wacky, but not nearly as bad. I also wonder what's going to happen when everyone's boner finally subsides and we all realize that Uber really isn't a $40 billion company, and that FB doesn't really command 20% of all internet users' screen time. SF is a bubble that needs some good old fashion popping.
Mostly I feel bad for the work-a-day types who live there. WTF does a server do when a one bedroom postage stamp puts you back $2500/mo?