The prosperity crisis in 'Golden Ghettos'

It's beyond laughable that a one-bedroom apartment can sell for US$1.5 million (S$2 million) in San Francisco - and get multiple offers within a day. Or that dumpsters sport satirical "for rent" signs. Or that the asking price for a side order of Brussels sprouts at many restaurants is US$16.

Beyond laughable because such stories pass like a Bay Area breeze in the city named for a pauper from mediaeval Assisi.

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A version of this article appeared in the print edition of The Straits Times on July 09, 2018, with the headline 'The prosperity crisis in 'Golden Ghettos''. Print Edition | Subscribe