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Subsidized housing coming to Palo Alto.

ghostofposterspast 8,460 1,535 March 24, 2016 at 10:16 AM
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Finally!!! I'm so glad the city council is moving forward with this. I know some of the neighbors are angry that there will be a rush of poor people into the neighborhood but I personally welcome it. I love the diversity and to be honest, I'm tired of seeing these people living on the street.

So if you are the working homeless in Palo Alto, know that help is coming. Just hold on a little longer.

http://sanfrancisco.cbslocal.com/...alto-plan/

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#2
Sounds like the Palo Alto Projects...
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#3
Thats good to know. Rents are ridiculous. Hopefully rent control will come in the future as well.
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#4
That entire Bay Area region is ridiculous. Palo Alto being one of the most if not the most expensive housing market in the U.S. I agree with the article that not even $250k/yr salary can get you anywhere in the housing market in that city (especially where the 10/10/10 schools are at) unless you have $1-2 mil in cash you're willing to drop as downpayment/renovations. I have friends in the Bay that simply cannot afford it and are considering moving further and further away where they can buy in the sub million region. It's crazy when you think about it especially when a lot of them are making over $200k/yr. They could move to Sacramento with that household income and live a very fiscally comfortable life.
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#5
Quote from ivedtara View Post :
Thats good to know. Rents are ridiculous. Hopefully rent control will come in the future as well.
yes rent control is awesome especially if u are the landlord. sarcasm

I think the government should just take away anyone that owns property and let renters live for free. more sarcasm
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#6
Quote from boingyman View Post :
That entire Bay Area region is ridiculous. Palo Alto being one of the most if not the most expensive housing market in the U.S. I agree with the article that not even $250k/yr salary can get you anywhere in the housing market in that city (especially where the 10/10/10 schools are at) unless you have $1-2 mil in cash you're willing to drop as downpayment/renovations. I have friends in the Bay that simply cannot afford it and are considering moving further and further away where they can buy in the sub million region. It's crazy when you think about it especially when a lot of them are making over $200k/yr. They could move to Sacramento with that household income and live a very fiscally comfortable life.
They wouldn't be making that household income there.

This is nothing new. Even 15 years ago, you had to make over $200 to afford a place in San Francisco. That's when SF was cheap. That's why bus drivers make 6 figures in SF. So they can afford rent and live a lower middle class income. People in the rest of the country don't really get that. That's why I say there is a first world and third world America. In many ways, we are bifurcating into a society like Mexico.

As for living further away, that's why the ACE train is so popular. Even 20 years ago, I knew people that lived in Tracy and commuted to the valley everyday. They would wake up at 3-4am for the commute to beat traffic. 4 hours commuting a day is a nightmare. But for many, it's the only way to afford a house. At least on the train, and if you have a cool employer, you can work and thus those 4 hours are just 4 hours of your 16 hour workday.
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