Most new places (and some old places in desirable areas) in SF are going for ~$3000->$4000/month.
In order to cover $3000/month rent, average power, internet access, and $400/week spending cash, you need to gross $100k/year.
If you pull in less than that, then you run out of money and get evicted. Notice that no provision has been made for savings.
I know of a great many programmers working for successful Bay Area companies who would just barely have enough money to pay market rents on their apartment.
Here's the thing - imagine what it's like if you're making median income in the city of $75k. Or if you're one of the thousands of service workers who are earning sub-$50k yet people on $100k+ also get access to $1000pm apartments.
Doesn't make sense if we're trying to achieve equality (I still don't know what it's really trying to achieve - some kind of nativism)
There is an argument that removing rent control would actually reduce the price of rent through San Francisco but it would take a few years to stabilize.
In order to cover $3000/month rent, average power, internet access, and $400/week spending cash, you need to gross $100k/year.
If you pull in less than that, then you run out of money and get evicted. Notice that no provision has been made for savings.
I know of a great many programmers working for successful Bay Area companies who would just barely have enough money to pay market rents on their apartment.