True but those other places existed before Silicon Valley became Silicon Valley. But I agree everything runs it course and its "days" are numbered.
Our Governor welcomes them with open arms, California is a sanctuary state, our legislators just passed a law giving illegals free healthcare.
I am not an American and just out of curiosity, how much are one bedroom apartment in the SF area going for if renting?
Trulia says a range of $2300-$6500/month in Lower Nob Hill, San Francisco Although there are some lower priced neighborhoods too.
All made infinitely worse by a City Council terrified of “gentrification” and who insists on micromanaging the SF real estate market - thereby creating a curtailed, limited housing pool and insane prices. Hipster politicians: the ultimate anachronism.
To be fair, real estate is equally or more expensive on the Peninsula, none of which has rent control. It's really more of a case of being a narrow strip of land surrounded by water with every buildable inch already built on.
Yup supply and demand - no matter the supply of hipsters or the opposite side of the political spectrum cranksters.