Anybody remember the article a few days ago with the author complaining about the Google bus and the invasion of tech folks into the Bay Area and how they weren't improving the community? And how a lot of people were like "Hey, well, it's putting wealth into helping San Francisco!". Well, how's this fit into that calculus?
Rents here are now incredibly high. If you talk to residents who got here decades ago, people like this wouldn't have been sleeping on the streets back in the day. They would have clubbed together to get a crash pad. But that's implausible now.
Those high rents are being driven by the tech boom. There are a lot of startups in SF, and the various peninsula buses have made it much more plausible to live in SF but work in Mountain View. Building managers near GBus stops have flat-out told me that Google buses are a big driver in rising rents.