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Reason
Reason
Peter Suderman

Liz Wolfe: How San Francisco's Failures Could Help Austin and Miami

Once upon a time, the Golden State was the land of golden opportunity. In postwar America, California was sunny and sprawling, with a booming economy, plentiful employment opportunities, and comfortable middle-class neighborhoods. It was a great place to work, own a home, and raise a family. California was the American dream.

Over time, something changed. California was never exactly a cheap place to live. But more and more, it became prohibitively expensive—especially in and around San Francisco, the epicenter of the tech industry.

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