Yah you are entirely wrong. I lived in Santa Cruz for 4 years while going to school. If you dont think the residual wealth from just over the hill raises housing prices and drives out lower cost-of-living housing the same way that it happened in SF proper you are willingly deluding yourself of the truth.
In my 4 years at Santa Cruz I was not aware of one low-rent housing development being built. There was one developed on West Cliff near the boardwalk but it was like 3.5k for a 2 bedroom apartment and that was the only one I was aware of.
In my 4 years at Santa Cruz I was not aware of one low-rent housing development being built. There was one developed on West Cliff near the boardwalk but it was like 3.5k for a 2 bedroom apartment and that was the only one I was aware of.