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Part of the reason is the tech industry pays too well. Yep, the supply and demand thing people seem to refuse to understand. The poor and politican scream, cost is too high, not enough housing again and again. For years, people ahve been screaming about the very same thing around the world in crowded cities, Tokyo, NYC, London etc. There's work and they pay well compared to smaller cities or towns. Interest rated goes up and the rental market booms as many basically stopped looking because those 1-2 points hike in rate blows their affordable mortgage payments. BTW, elimination of well paying jobs aren't the solution. I am just being sarcastic. That's the answer I give to those tho complain about the high cost of hosing and ask them if they are OK with lower income so all can have affordable housing. yes, I live in "left country".
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