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Why not East Bay or South Bay, or anywhere but the peninsula?
I agree, but I feel that I already know the answer. That is the assumption being the best talent is on the peninsula. If you open an office too far south or across the bay, then people from Mountain View upto San Francisco will not come to work for you.
Earlier quoted context omitted.
I agree, but I feel that I already know the answer. That is the assumption being the best talent is on the peninsula. If you open an office too far south or across the bay, then people from Mountain View upto San Francisco will not come to work for you.
Google already buses its employees from all corners of the Bay. So they know there is talent outside of the Peninsula.
But, there's still the time cost of commuting. If you pay a premium to live in SF, then you're not going to want to commute 90-120 minutes so South Bay. Then another 90 minutes back at night. In that situation, you'd be paying a premium to live in cramped quarters, in a city with thousands of things to do, but have zero time to do any of it during the week.
I meet people on Caltrain coming from Gilroy commuting to work all the way in SF. Commuting 3-4hrs a day. WTF? I guess there's nothing to do in Gilroy, or they hate their families. Joking aside, the honest answer is the only affordable, nuclear-family homes are in the far-south. (Back to joking. Can we even call Gilroy the Bay-area?)
As it seems to me. When you make the decision to come to the Bay-area.
* You have to decide, do I want to drastically overpay for where I live to be close to SF?
* Do I want to commute 1-3 hours a day?
* Or, do I want to have roommates when I am 30+ years old?
Recently my rent in Sunnyvale for a nice two bedroom went up to $2900* a month from $2100 Looks like the trend will continue. *not including trash and utilities.
Recently my rent in Sunnyvale for a nice two bedroom went up to $2900* a month from $2100 Looks like the trend will continue. *not including trash and utilities.
Why not East Bay or South Bay, or anywhere but the peninsula?
I agree, but I feel that I already know the answer. That is the assumption being the best talent is on the peninsula. If you open an office too far south or across the bay, then people from Mountain View upto San Francisco will not come to work for you.
I've never seen good data to back this up. Are you aware of any sources? (I know you weren't making the claim yourself.) Talent is already difficult to register, and I find it absurd to think that all the best engineers in the world would cluster in west bay. The only people clustering are those who want to work for google (or startup XYZ), not the people google necessarily wants to hire.
Heh, read first Sunnydale. Would've been awesome to have offices next to Hellmouth.
I find it crazy how the big IT companies are still willing to pay almost a million a worker per office (most likely much more if you count running costs), any idea why Google is not hiring more people remotely? I mean, if that's a modern IT company that cares for employees it would be the case, I'd rather make $100k in different state or even country, than pay $5k for rent in the bay...
Secondly, buying a building is (save some closing and renovation costs) a neutral operation on your balance sheet, especially if you're flush with cash. In other words, when you buy a building, it maintains its value.
Why not East Bay or South Bay, or anywhere but the peninsula?
Recently my rent in Sunnyvale for a nice two bedroom went up to $2900* a month from $2100 Looks like the trend will continue. *not including trash and utilities.
You can easily rent a bedroom in an older house or multi-room apartment for around $1000-1200 in Palo Alto, Mountain View, and Sunnyvale though. A few of my coworkers do this.