In Bay Area, six-figure salaries are “low income”
I must say that as someone who does NOT live in a crazy high-rent state or town, I am not well pleased by the idea of my federal tax dollars going to people who choose to live there but can&#x27;t make ends meet, and this even though I&#x27;m generally pro-spending on social welfare.<p>You may say, &quot;but the poor can&#x27;t afford to move!&quot;. Well, if that&#x27;s the case, the government should subsidize their move instead. It would be way cheaper and would incidentally drive real estate prices closer to the national median.<p>I&#x27;m not trying to cast any blame on people in this situation, as they are likely there through no fault of their own, but this can hardly be the most efficient way to solve the problem.<p>I feel like economics is screaming a message to people in the Bay Area: &quot;There are too many people here! There&#x27;s tons of land in the U.S.!&quot;, but no one is listening, just casting blame on the techies, gentrification, land policy, or whatever.