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  #61  
Old Posted Nov 15, 2019, 10:03 PM
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I have no problem with the inherent values of the tech industry, which I assume are encouraging innovation and creativity. However, it is interesting to see how it is changing communities, for better or worse. I have my own opinions on it and everyone else has theirs. We can talk about how this affects people of certain socioeconomic statuses, but we all know that we only care about what this means to us particularly.
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  #62  
Old Posted May 15, 2020, 9:42 PM
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Interesting to see what happens as more tech companies like Twitter will allow their employees to work from home and if other companies will follow Tesla out of the state.
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  #63  
Old Posted May 15, 2020, 10:50 PM
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Technology is deflationary. Working from home will create a downward trend on salaries.
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  #64  
Old Posted May 16, 2020, 1:23 AM
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Tesla isn't going anywhere.
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  #65  
Old Posted May 16, 2020, 4:47 PM
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Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

After major companies announce their employees won’t need to come in, many are recalculating the cost of living near the office.

https://www.bloomberg.com/news/artic...t=businessweek
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  #66  
Old Posted May 17, 2020, 5:37 PM
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https://www.linkedin.com/feed/news/s...xodus-4112561/

"The looming exodus isn't just happening in San Francisco — many people in crowded cities are eyeing moves to less densely populated areas amid the pandemic. A new Zillow-Harris Poll survey found 66% of people teleworking would consider moving if work-from-home flexibility continues."
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  #67  
Old Posted May 17, 2020, 6:37 PM
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Wasn't there already a 'study' a few years ago that showed the vast majority of people living in SF wanted to leave? It doesn't mean it's going to happen.
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  #68  
Old Posted May 17, 2020, 7:04 PM
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I assume San Francisco would be just fine in the long run. The tech boom was making the city dysfunctional. It's such a spectacular place, while some tech bros who never really wanted to live there in the first place but were lured by the money will flee, there are probably a lot more people in other places who would totally relocate to the Bay Area if they could afford it.

My concern would be whether local governments have gotten too accustomed to a certain level of tax revenue. A sudden exodus would cripple the budget. On the other hand, it would probably make the costs of running city services plummet too, if they had the balls to cut employee pay. You wouldn't have to pay every janitor and permit clerk and teacher and cop 4x more than they would earn elsewhere just so they can afford to live in a car instead of a cardboard box. Those homeless programs would be much more affordable if there was a glut of vacant apartments that the city could pay bottom dollar towards rent vouchers for.
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  #69  
Old Posted May 18, 2020, 5:19 PM
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The issue will be whether it is complete remote work or semi.

If it's complete than you will likely see an exodus out of the Bay Area to cities like Boise, Portland, and Austin with the greatest decline in inner ring suburbs plus more outsourcing abroad.

A replacement of H1Bs with outright outsourcing.

If it's semi you'll see workers moving from San Jose to Gilroy or from Oakland to Benicia.
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  #70  
Old Posted May 20, 2020, 1:31 AM
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If it's complete than you will likely see an exodus out of the Bay Area to cities like Boise, Portland, and Austin with the greatest decline in inner ring suburbs plus more outsourcing abroad.
I get that the Bay Area is expensive.

That said, I don't know much about Boise or Portland, but Austin isn't exactly cheap.
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  #71  
Old Posted May 20, 2020, 1:46 AM
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Austin is the Denver of Texas. Its pricey, probally the priciest in the state from what I've seen. But... BUT... still a bargain compared to the prices of NJ and NY Area (Long Island. 5 Boroughs, Hudson/Bergan NJ).

But from what I've seen, once u leave the city limits, its not bad at all.

Still, coming from the Tax Casino called NJ, still a bargain.

Literally, just look outside of the Austin City limits, and you'll find cheap ass deals for 2300 to 3000+ sqft, and nice areas.
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  #72  
Old Posted May 20, 2020, 3:01 PM
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Originally Posted by llamaorama View Post
I assume San Francisco would be just fine in the long run. The tech boom was making the city dysfunctional.
Restrictive zoning was/is making the entire Bay Area dysfunctional

Quote:
It's such a spectacular place, while some tech bros who never really wanted to live there in the first place but were lured by the money will flee, there are probably a lot more people in other places who would totally relocate to the Bay Area if they could afford it.
That would negate the effects of the tech bros leaving. Agreed SF is pretty spectacular.

Quote:
My concern would be whether local governments have gotten too accustomed to a certain level of tax revenue. A sudden exodus would cripple the budget.
That's almost a certainty. No one really runs on cutting spending, just cutting taxes.

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Those homeless programs would be much more affordable if there was a glut of vacant apartments that the city could pay bottom dollar towards rent vouchers for.
Turning entire neighborhoods into warehouses for the most destitute will have externalities that go beyond the cost of securing housing, on a social as well as fiscal level.
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  #73  
Old Posted May 21, 2020, 3:25 PM
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A survey of thousands of SF Bay Area techies found that 2 out of 3 would consider leaving if they could permanently work remotely.

https://www.businessinsider.com/two-...h-blind-2020-5
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  #74  
Old Posted May 21, 2020, 3:33 PM
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Originally Posted by YSL View Post
A survey of thousands of SF Bay Area techies found that 2 out of 3 would consider leaving if they could permanently work remotely.

https://www.businessinsider.com/two-...h-blind-2020-5
SF is overrated as hell. It's a nice small boutique city, but it's not New York City, London, Tokyo, Paris or even Amsterdam, yet it's more expensive than these cities. It's suburbs are no better or worse than suburbs practically anywhere in the country, yet the average home price is over a million dollars.
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  #75  
Old Posted May 21, 2020, 4:20 PM
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Originally Posted by Ant131531 View Post
SF is overrated as hell. It's a nice small boutique city, but it's not New York City, London, Tokyo, Paris or even Amsterdam, yet it's more expensive than these cities. It's suburbs are no better or worse than suburbs practically anywhere in the country, yet the average home price is over a million dollars.
That's because of supply and demand. After how SF dealt with Covid-19, I'll never listen to a naysayer again-yawns@"SF is overrated" dgaf.
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  #76  
Old Posted May 21, 2020, 4:23 PM
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Quote:
Originally Posted by Ant131531 View Post
SF is overrated as hell. It's a nice small boutique city, but it's not New York City, London, Tokyo, Paris or even Amsterdam, yet it's more expensive than these cities. It's suburbs are no better or worse than suburbs practically anywhere in the country, yet the average home price is over a million dollars.
Asheville NC is a small boutique city. SF? Not so much. It's not New York or London and really doesn't pretend to be but it's one of the US's most important economic centers and has been so since its inception.
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  #77  
Old Posted May 21, 2020, 4:25 PM
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Originally Posted by YSL View Post
A survey of thousands of SF Bay Area techies found that 2 out of 3 would consider leaving if they could permanently work remotely.

https://www.businessinsider.com/two-...h-blind-2020-5
Gawd the sooner the better. Traffic, long commutes" the rat race, competitiveness, exorbitant cost of living etc. It''s gotten too much. After how light traffic has been, after how clean the air has been, I would absolutely love for them to pack up and move to Scottsdale or Plano or what ever area their little hearts desire! Farewell, have a great life.
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  #78  
Old Posted May 21, 2020, 4:27 PM
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If we could get the Bay Area down to 3 million people max, then I'd be happy.
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  #79  
Old Posted May 21, 2020, 4:30 PM
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If we could get the Bay Area down to 3 million people max, then I'd be happy.
The Bay Area could house more than 3 million people, but it's geography and environment probably push much further than it is currently. At least rapidly. It could incrementally urbanize over decades.
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  #80  
Old Posted May 21, 2020, 4:47 PM
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The Bay Area could house more than 3 million people, but it's geography and environment probably push much further than it is currently. At least rapidly. It could incrementally urbanize over decades.
I hope not. I want this place to clear out. #byebyepeople
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