Worth Reading: A different kind of bubble

Worth Reading: A different kind of bubble

If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project. It seems that every decrepit low-rise building in the city has been razed and is being replaced with a gleaming new residential tower. Parking lots have been ripped up and are now sprouting condos and luxury rental flats. This boom is not overly surprising, given the centrality of San Francisco and the S.F. Bay Area in the Hipster-Techie Mental Map which I have sketched here for those who may still suffer from delusions that Washington D.C. and New York matter–(hint: they don’t.) —of two minds