[pepsionice]

If we were talking about folks who make $40k a year and they spend near $1,500 a month on rent...maybe it makes sense.

But if we are talking about folks making $100k a year, living in San Francisco, and having to pay $6,000 a month to rent ‘something decent’....there’s something wrong here. I saw some interview of a guy in the Silicon Valley area and he was quoting near $5,500 for a fairly old and marginal 2-bedroom apartment.

[DaveA37]

“$6,000 a month to rent ‘something decent’”...…….

Are those same people living beyond their means? Perhaps they need to downsize to something they can actually afford or move out of SF.

[Wyrd bið ful aræd]

When I started my current job, salary was 40k, average rent (for a 1-person, 650 square foot apartment) in the area is about 1500/month plus utilities. If there was a subsidy available I wouldn't have taken it.

Effective overall tax burden is near 50% of earnings. Instead of lowering that, lets pin-prick specific issues like high rent via subsidies that will increase the overall tax burden even further! Genius.