Friday, May 25, 2018

Housing

Cost of housing going through the roof, especially in the Bay Area and Portland and Seattle. Lots of ideas from affordable housing projects, auxiliary dwelling units, tiny houses and rent control. The tech industry is over-heated and thousands of high-paid young professionals are competing for limited housing, driving the price up. And getting new housing built takes awhile because it's a long process to get permits and there is a shortage of people to build the housing which drives up the cost of labor.

Bottom line is, restaurant workers, janitors, plumbers, etc., can't afford to live in the area. But those workers are still needed. So maybe when new companies build their plants, offices, hotels, etc., housing for the service workers will have to be included on site, and the cost of the housing will be picked up by the service companies or the companies contracting with the service companies.

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