San Francisco has become a city for rich renters

Kārlis Dambrāns/Flickr Renters have long struggled with soaring rents in some of the top housing markets in the US. In San Francisco, it’s called the “Housing Crisis” because middle-class households, such as teachers, can no longer afford to rent – with the median one-bedroom apartment going for $40,000 a year and a two-bedroom for $56,000. Similar but less crass scenarios are playing out in New York, Boston, and other top rental markets. But who is renting these high-dollar apartments...