Even Techies Can’t Afford San Francisco Anymore
On Wednesday, Kate Vershov Downing, a corporate lawyer for an enterprise cloud company called ServiceNow, resigned from the Palo Alto Planning and Transport Commission. The reason, she said, was that she and her husband — a software engineer — could no longer afford to live there.
“We rent our current home with another couple for $6200 a month,” Downing wrote in a post on Medium. “If we wanted to buy the same home and share it with children and not roommates, it would cost $2.7M and our monthly payment would...continue reading
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