I suppose it’s a bit sad for people who are “stuck” with having to stay in the bay area like the medical student resident at Stanford or someone caring for an 80+ parent, but for everyone else, the majority of people can’t really afford to live there if they don’t have a place already and should really leave.
About $3k/month for a 2 bed/1 bath rental and the place talked about will raise rents after a private equity took over to $5.5k/month for the same place?
For everyone else who can leave, unless you plan to hit the IPO/acquired lottery soon, that $3k-$5k drain/month in housing is such a negative impact on your future retirement and any savings.
