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Old 03-04-2017, 04:01 PM   #11
Aquina1300
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San Francisco is the wealthiest slum in America....

Quote:
One Apple employee was recently living in a Santa Cruz garage, using a compost bucket as a toilet. Another tech worker, enrolled in a coding bootcamp, described how he lived with 12 other engineers in a two-bedroom apartment rented via Airbnb. “It was $1,100 for a fucking bunk bed and five people in the same room. One guy was living in a closet, paying $1,400 for a ‘private room’.”

“We make over $1m between us, but we can’t afford a house,” said a woman in her 50s who works in digital marketing for a major telecoms corporation, while her partner works as an engineer at a digital media company. “This is part of where the American dream is not working out here.”

We went to an open house that would shorten my commute by ​​eight miles. It sold in 24 hours for $1.7m
The prospect of losing her job and not having health insurance is a particular concern, given that she had cancer a couple of years ago. “If Obamacare goes away and I lose my job I am deeply screwed,” she said.

Michelle, a 28-year-old tech worker who earns a six-figure salary at a data science startup said her only chance of buying a home would be if she combined income with a partner. “For all the feminist movement of ‘you can do it all’, the concept of home ownership is really truly out of reach,” she said. “For me that’s disheartening.”

Another tech worker feeling excluded from the real estate market was 41-year-old Michael, who works at a networking firm in Silicon Valley and last year earned $700,000. Sick of his 22-mile commute to work, which can sometimes take up to two and half hours, he explored buying a property nearer work.

“We went to an open house in Los Gatos that would shorten my commute by eight miles. It was 1,700 sq ft and listed at $1.4m. It sold in 24 hours for $1.7m,” he said.
Source:
https://www.theguardian.com/technolo...d-feeling-poor
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