>>It's a city built on young entrepreneurs coming there and doing new stuff, but if nobody who hasn't already made it can afford to live there what happens then?
You mean can't afford to buy there. Which is why those of us who haven't made it rent, and put 3 people in 2 BR apartments. Or get a house in a less hip spot with 4 friends. Those who made it in SF/SV did it like this, and so will the next generation. That doesn't make it a good thing that ownership is so unrealistic, or that people who aren't young don't want to do it. But the idea that the next generation of software leaders won't keep coming to SF because of price is just wrong. As long as that's where the best companies and opportunities are, ambitious young people will move there.
You mean can't afford to buy there. Which is why those of us who haven't made it rent, and put 3 people in 2 BR apartments. Or get a house in a less hip spot with 4 friends. Those who made it in SF/SV did it like this, and so will the next generation. That doesn't make it a good thing that ownership is so unrealistic, or that people who aren't young don't want to do it. But the idea that the next generation of software leaders won't keep coming to SF because of price is just wrong. As long as that's where the best companies and opportunities are, ambitious young people will move there.