San Francisco housing, inflated by tech money, is in trouble

SanFranciscoHousing
Tensions between the rapid influx of new residents and the need for affordable housing in San Francisco are running high. Young professionals, armed with plenty of cash from high-paying tech gigs, are pricing out longstanding families that can’t afford the New San Francisco. But how bad is it really? Well, according to the San Francisco Planning Department, the answer is: real bad. The committee released its first Housing Balance Report earlier this week, which documents the proportion of affordable housing units to the total number of all new housing units built within the city. The report is in compliance with Proposition K,…

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