REQUIRED VIEWING:
Marc Andreessen on why cities ended up with $3 million homes, public housing, and no middle class
"There's a French geographer who has the best analysis on this, a great book called Twilight of the Elites. If you replant the commanding heights of your economy on knowledge work,… https://t.co/IEIdDBNN8g pic.twitter.com/nAPzOhSfBI
— Jaynit (@jaynitx) October 14, 2026
“The cities become a magnet for two kinds of people. The highly educated elite who can afford $3 million houses, and then public housing. Who’s squeezed out is the entire middle class. If you’re a cop or a firefighter and you work in Palo Alto, you can be commuting 3 hours both ways just to have a house and afford a family.”
This didn’t happen accidentally.