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HughPickens.com [hughpickens.com] writes:

Nick Wingfield has an interesting article in the NYT about how Seattle, Austin, Boulder, Portland, and other tech hubs around the country are seeking not to emulate San Francisco [nytimes.com] where wealth has created a widely envied economy, but housing costs have skyrocketed, and the region’s economic divisions have deepened with rent for a one-bedroom apartment in San Francisco at more than $3,500 a month, the highest in the country. “Seattle has wanted to be San Francisco for so long,” says Knute Berger. “Now it’s figuring out maybe that it isn’t what we want to be.” The core of the debate is over affordable housing and the worry that San Francisco is losing artists, teachers and its once-vibrant counterculture [hyperallergic.com]. “It’s not that we don’t want to be a thriving tech center — we do,” says Alan Durning. “It’s that the San Francisco and Silicon Valley communities have gotten themselves into a trap where preservationists and local politics have basically guaranteed buying a house will cost at least $1 million [sfexaminer.com]. Already in Seattle, it costs half-a-million, so we’re well on our way.”

Seattle mayor Ed Murray says he wants to keep the working-class roots of Seattle, a city with a major port, fishing fleet and even a steel mill. After taking office last year, Murray made the minimum-wage increase a priority [nbcnews.com], reassured representatives of the city’s manufacturing and maritime industries that Seattle needed them and has set a goal of creating 50,000 homes — 40 percent of them affordable for low-income residents — over the next decade. “We can hopefully create enough affordable housing so we don’t find ourselves as skewed by who lives in the city as San Francisco is,” says Murray. “We’re at a crossroads,” says Roger Valdez. “One path leads to San Francisco, where you have an incredibly regulated and stagnant housing economy that can’t keep up with demand. The other path is something different, the Seattle way [bizjournals.com].”

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