Changing San Francisco Is Foreseen as a Haven for Wealthy and Childless
24th January 2017
”At this rate we could become a place only the elite can afford,” said Dr. Kenneth T. Rosen, chairman of the Center for Real Estate and Urban Economics in the graduate school of business at the University of California at Berkeley.
”Ten years from now,” he predicted, ”unless we adopt some sort of policy to insure income integration, we will crowd out all the middle-income people. I think San Francisco is going to become a very rich living area, a lot of single and retired people who have money, executives who work down in the financial district. It’s going to be very difficult for a nonwealthy person to live here.”
Sometimes you can predict the future.