I’m sure that you’ve heard about the housing situation in San Francisco and the Bay Area. If not, basically it goes along the lines of this:

- Rich tech companies set up shop in the Bay Area, pay employees a lot of money, and provide endless perks.

- Employees find a place to live and the real estate market responds. Realtors and landlords know these tenants can afford it, so prices are increased. Also, SF is small and doesn’t have enough affordable housing development plans.

- Everyone else gets screwed.

One issue is that people and families who can’t afford the absurd rent are forced out of the city. Without enough affordable housing, nurses, students, researchers and doctors at UCSF will have to find housing further out of San Francisco or not attend/work at UCSF at all. And with much of the area undeveloped, there is a big opportunity for residential companies to build more expensive lofts. There are already some “luxury lofts” with fancy names like Venue, Azure Apartments, and Strata at Mission Bay. A studio at Venue starts at $3200 per month.

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