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Surviving Silicon Beach

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
17 January 2001 - 8:00am

The dot-com invasion is causing housing prices to soar in Santa Cruz, CA.

"The number of high-tech firms has grown from about 50 inthe early '80s to more than 450 today, according to the Santa CruzTechnology Alliance... Many liberal Santa Cruzans blame the technology invasion for sending housing prices through the stratosphere, creating middle-class homelessness and forcing longtime residents to move to less expensive parts of California, the Pacific Northwest, Colorado or theNortheast."

Full Story: Panel tackles high-tech influx
Source: San Jose Mercury News, January 16, 2001
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No matter how one wanted to organize the ideal city, housing security would be part of it. No community can function effectively if large numbers of its residents are regularly displaced or perpetually at risk of being displaced.
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