San Francisco split by Silicon Valley’s wealth

“Heated bidding wars — especially in a half-mile radius of shuttle bus stops — have broken out, causing rents to soar, even double in some cases. Along shuttle routes, trendy new restaurants that serve high-end food and spirits have taken the place of corner stores and mom-and-pop businesses. Anti-Google graffiti has turned up here, and activists recently held a small anti-gentrification rally at which they smashed a Google bus piñata. Ted Gullicksen, executive director of the San Francisco Tenants Union, said he fears that the techies are permanently inheriting the city and won’t pack up and leave as they did after the 2000 dot-com crash.”

http://www.latimes.com/business/la-fi-silicon-valley-backlash-20130814,0,762467,full.story

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