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Home Prices Drive Mayor To Hills

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
16 November 2000 - 9:00am

"Buying a house in one Silicon Valley city is so expensive that even the mayor can't afford to live there."

The mayor of a Silicon Valley city is moving away because of high prices."Currently, San Carlos gets little revenue from property taxes, but generates a lot of funding from sales tax. Thus, when the city must chose between building new houses or apartments versus building a new Home Depot or Best Buy, the city chooses the business because it benefits the city financially. "

Full Story: Home Prices Drive Mayor to Hills
Source: Westword, November 15, 2000
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Most importantly, we should acknowledge that a consensus building event forms at one time around one cluster among many interacting issues and actions. Other efforts will and should emerge around clusters of other issues and actions.
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