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Report: Inequality on the rise in Silicon Valley

Original post made on Feb 17, 2019

Despite a sizzling economy and an influx of wealth, Silicon Valley remains a bastion of inequality, with more residents now struggling to afford the growing costs of housing, child care and transportation, according to a newly released snapshot of the regional economy.

Read the full story here Web Link posted Sunday, February 17, 2019, 4:55 PM

Comments (7)

Posted by Menlo Boomer
a resident of Menlo Park: Linfield Oaks
on Feb 17, 2019 at 7:06 pm

Wow, what groundbreaking research. They should also publish it in my favorite academic journal, "DUH".


Posted by Awatkins
a resident of Woodside: Skywood/Skylonda
on Feb 19, 2019 at 3:39 pm

Gennady —

You wrote: “Despite a sizzling economy and an influx of wealth, Silicon Valley remains a bastion of inequality, “

I think you meant “Because of” rather than “Despite”


Posted by Cayo
a resident of Menlo Park: other
on Feb 19, 2019 at 3:51 pm

Where is the affordable housing to be built, since no one wants it in their neighborhood? From the article: "Furthermore, new buildings are generally priced for the wealthy. Only 8 percent of newly approved residential units in Silicon Valley are affordable to residents who earn less than 80 percent of the area median income". If service workers don't have an affordable place to live, I see a collapse in the whole system.


Posted by ya think?
a resident of Portola Valley: other
on Feb 20, 2019 at 12:51 pm

Shocking, I tell you. Shocking.


Posted by Housing needs
a resident of Menlo Park: Downtown
on Feb 20, 2019 at 1:13 pm

Can we please reframe housing needs into a couple categories?

Low income
Affordable for those making median incomes in the area
Luxury - affordable only for the top 10% of local earners - a favorite for develoers

Most of the housing built in the last decade falls in the last category. We don't need any more of it. We need both Low and Affordable.


Posted by Housing needs
a resident of Menlo Park: Downtown
on Feb 20, 2019 at 1:30 pm

According to the San Mateo County Department of Housing, the maximum affordable rent for those making median incomes of $82K to 142K (family of 1 to family of 4) is as follows:

$2566 studio
$2750 1-bed
$3300 2-bed
$3800 3-bed
$4252 4-bed

Now tell me how many properties, especially newly developed rentals, offer rates in this range? None? That's about right. The county needs to stop building luxury housing and only approve projects that locals can afford.

Vote out council members that support more luxury housing.

Web Link


Posted by Awatkins
a resident of Woodside: Skywood/Skylonda
on Feb 20, 2019 at 2:22 pm

Hey Housing Needs:

Don’t stop there! Let’s tear down any housing that doesn’t meet your criteria.


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