As you may have heard, TriplePundit is developing a three-part multimedia series to examine the challenges facing many tech companies when it comes to their impact on the communities in which they operate. First up, HOUSING.
Along with a booming economy and demand for high-value tech employees have come massive increases in the cost of housing. According to Zillow, the median rent price in San Francisco is $4,195, which is higher than the San Francisco Metro median of $3,000. Rental prices rose almost 15 percent in a single year, while salaries only jumped 2 percent in the same time period. In short, people at all economic levels are being squeezed. While tech companies hire like crazy and pressure local municipalities for permission to build office space, there is often no one fighting at the local level for increased housing.
Jen Boynton is the former Editor-in-Chief of TriplePundit. She has an MBA in Sustainable Management from the Presidio Graduate School and has helped organizations including SAP, PwC and Fair Trade USA with their sustainability communications messaging. She is based in San Diego, California. When she's not at work, she volunteers as a CASA (court appointed special advocate) for children in the foster care system. She enjoys losing fights with toddlers and eating toast scraps. She lives with her family in sunny San Diego.