From the San Francisco Chronicle:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2005/05/08/INGFACJGS51.DTLThe ephemeral city
San Francisco has lost its middle class, become a 'theme park for restaurants,' and is the playground of the nomadic rich and restless leeches living off them
Joel Kotkin
Sunday, May 8, 2005
San Francisco today represents the ultimate expression of a new kind of urban area -- the ephemeral city. This urban form, dominated by the nomadic rich, the restless young and those living off them, has emerged across the advanced industrial world, but perhaps nowhere more clearly and arguably nowhere more successfully than in the city by the bay.
The ephemeral city differs dramatically from traditional urban centers. No longer populated mainly by middle class families and a diverse set of industries, it is dominated by a wealthy elite, part-time sojourners, hordes of tourists and those that serve them. "This is a kind of city that makes its living selling luxury services," suggests Fred Siegel, an urban historian at New York's Cooper Union.This article, written by a guy who has lived in LA for years, has a bit of a right-wing spin to it, but it also makes some good points about the kind of city San Francisco is becoming.
But I have to take issue with at least one stat he points out. He says that SF has a higher percentage of residents living off of dividends and rental income than any other city.
I would like to point out that that is not necessarily an anti-egalitarian statistic. Most rentals in most other cities are ENORMOUS apartment "complexes" with pools and amenities that generate millions in revenue for huge corporations, often out of town.
Most of San Francisco's rental properties are small, from 2~6 units and owned by ordinary local people, oftentimes people who live in the same building. Making them out to be land barons just because rents and property values have gone through the roof is a bit unfair.
I'd rather rent from the wonderful elderly Chinese lady who's may neighbor and landlord, than have a jacuzzi and pool and rent a sheet-rock tomb from some faceless corporation.
Anyway, I don't agree with all the premises of the article, but it is interesting.