San Francisco’s Shift from “One-for-all” to “One-for-few”

Abstract

San Francisco, a city with a strong foothold in the global technology industry, is rapidly changing. The city’s roots and image lie in cultural diversity, but it is now becoming more and more monotonous due to the rise of the Internet industry and the process of gentrification that is taking place. Drawing from previous research and recent census data, this thesis examines to what extent the Internet boom and gentrification in the city of San Francisco can be seen as exemplary to the disintegration of the American Dream in terms of its aspects of financial success and homeownership.