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Combatting Gentrification in The City by the Bay
Coming in as the seventh most expensive city in which to buy a home, according to Coldwell Banker’s Real Estate Home Listing Report, San Francisco – where the average cost of a 4-bedroom, 2-bathroom house is $1,672,100 and the median household income is $78,378 – is home to a housing market that has unabashedly driven out long-time residents and businesses with its skyrocketing property prices.
The inability of residents to remain in their homes, and entrepreneurs to maintain their businesses can be seen as a side effect of the booming housing market, but it is entirely unfair to people who don’t earn the kind of money to continue living in the city.