1. Cities have lots of jobs (especially San Francisco), and if city rents are unaffordable, people can't move there to take jobs. The means less opportunity for people who need it, and it means rising prices for everything that depends on lower paying jobs (such as restaurants).
2. The money goes nowhere. It gets captured by landlords, and plowed into making real estate more expensive, instead of buying goods and rewarding productivity, or buying entertainment and rewarding people.
3. You're talking about barring the less well off from an entire city. Are you surprised that this is an unpopular opinion?
2. The money goes nowhere. It gets captured by landlords, and plowed into making real estate more expensive, instead of buying goods and rewarding productivity, or buying entertainment and rewarding people.
3. You're talking about barring the less well off from an entire city. Are you surprised that this is an unpopular opinion?