As Rents and Home Values Rise in Many Markets, Is Tech Industry Really to Blame?
There is certainly a reason that many people associate the tech industry with pricey and unaffordable housing. In metropolitan areas with a large share of tech workers, rents and home values are considerably higher. But the reality is that expensive housing often follows in areas where a good share of individuals are earning high wages – whether they work in tech, finance, law, or any number of other industries associated with hefty paychecks.