[kevinliang]

Yes I think you are right that one reason for this is homeowners want their property to continue to skyrocket. But really, can you blame them for that? If you were a homeowner wouldn't you rather have your house worth more?

The second reason for skyrocketing housing prices is the rise in wages. If people didn't get paid so much in the city, rent prices could not possibly be as high as it currently is. So while we do pay a crap ton in rent, most of us who can afford that rent probably are still WAAAAY better off than the average american.

[jedberg]

> But really, can you blame them for that? If you were a homeowner wouldn't you rather have your house worth more?

I am a Bay Area homeowner, and no, I do not want that. I'm able to see the long term effects of that, and realize that in the end it will bad for me, bad for everyone around me, and bad for my community, when all the people that provide services in our community get priced out.

And the wages are only going up because of the housing costs. If the costs weren't so high, companies would not have to pay so much to get people to move here, which is the main driver in determining wages.

You hit the nail on the head though with "most of us who can afford that rent probably are still WAAAAY better off than the average american". Not everyone can afford the high rents. And eventually there won't be anyone left to provide any services, or the cost of those services will have to go up, and people will move away even faster as companies decide it just isn't worth paying that much anymore and start locating elsewhere.

[pcwalton]

I am an SF homeowner, and I look forward to all the new development in my neighborhood. I want to see more people out and about, especially people from more walks of life than just tech.

It's weird that it's come to self-described "socialist" groups like DSA and Gay Shame chastising people like me, a homeowner, for advocating against my financial interests in favor of members of my generation who are less well off. Bay Area housing politics are wild.

[kevinliang]

Hey, you're an awesome person for fighting against your financial interests in favor of members of your generation. Don't let other people bring you down on that!

[kevinliang]

I'm very glad people like you 2 exist because I too would love cheaper rents along with welcoming a more diverse crowd outside of tech. I am also a homeowner and would vote in favor for building more complexes to lower rent for people of lower income to stay in San Francisco. Was just playing devil's advocate and saying that it seems like most SF homeowners don't think the way we do