250K Salary Is Middle Class - Bay Area Kashtalu

[andhravodu]

PALO ALTO (CBS SF) — Palo Alto is seeking housing solutions for residents who are not among the region’s super-rich, but who also earn more than the threshhold to qualify for affordable housing programs.

 

The city council has unanimously passed a housing plan that would essentially subsidize new housing for what qualifies as middle-class nowadays, families making from $150,000 to $250,000 a year. The plan would focus on building smaller, downtown units for people who live near transit and don’t own cars, along with mixed-use retail and residential developments.

 

Sky-rocketing housing prices in Palo Alto have left some in limbo; with teachers, firefighters and other government workers not earning enough to afford cost of living.

 

Randy Bean says while she still loves her Palo Alto neighborhood, she can’t help but notice the changes that are making it unrecognizable. “I just find it kind of sad that we are reducing ourselves to this small profile of young, rich, mostly white, mostly tech.  It’s not the community that I moved into 33 years ago,” Bean said.

 

Some of the small two-bedroom, one-bath homes on her block are worth between $1.5 and $2 million – as teardowns. That’s just what the dirt is worth. “Prices have just gone through the roof, making it unaffordable for middle-class people, your firefighters, your teachers, and, frankly, some of your doctors,” Palo Alto Vice Mayor Greg Scharff said.

 

Scharff worries that losing middle-class workers will hurt the city. “What the council is proposing is that we work together to fund and subsidize, what is basically middle-class housing; which, traditionally, has not been subsidized,” Scharff said.

 

“We have people struggling to make it at a quarter-million dollars a year,” Bean said. “That’s a terrible thing,”

[ARYA]

:(

[Enjoy99]

:giggle:

[andhravodu]

evadanna vachi, bay area lo 80$/hr ante

 

[mustang302]

mestaru as per bay area stats..nenu just abv poverty level untanu emo..!!

[andhravodu]

mestaru as per bay area stats..nenu just abv poverty level untanu emo..!!

Almost andaram meshtaru. Ee tech companies chese howle veshalu final ga expose ayyayi

[Maryadaramanna]

lol 

[JANASENA]

[soldier]

Weather bagundi kada ani akkadiki velli
Gumpulu gupulu velli akkada settle ayithe cost of living alane untadi....
Chali,wind atcare for people like me my chicagoins ki 110 decent and livable.

[andhravodu]

Weather bagundi kada ani akkadiki velli
Gumpulu gupulu velli akkada settle ayithe cost of living alane untadi....
Chali,wind atcare for people like me my chicagoins ki 110 decent and livable.

Bay lo 150 tho batakochu ala ante. Ive standards meeku apply cheste, 110 saripodu choodu, 200k middle class ani vastundi

[Srimantudu]

[mastercheif]

yeah single income married with kids ante minimum 120K unte middle class la batakacchu. 

 

 

[suryausa]

Texas move ayipondi wfh thiskuni

[andhravodu]

Texas move ayipondi wfh thiskuni

Yah, ft offers bane vastunnayi dallas side. Kani iche 90k ki relocate ayyi, 500k houses ante how ya how

[TV9Reporter]

Pls pray godpk for team India win