Live data from Hacker News

One-third of SF Bay Area residents hope to leave soon, poll finds

mercurynews.com

71–80 of 328 posts

Re: One-third of SF Bay Area residents hope to leave soon, poll finds

#71
post #31

Earlier quoted context omitted.

You can have good mass transit or affordable housing, but not both. This sucks.

> You can have good mass transit or affordable housing, but not both. Why's that?

The density needed for effective mass transit means that what many people seem to see as affordable housing ("a house with a white picket fence") isn't going to work especially well.

Re: One-third of SF Bay Area residents hope to leave soon, poll finds

#73
post #22

Please don't come to Austin. I moved from SF to Austin a little over two years ago, and I want to make it clear that it's terrible. The food is bad, the people are lame, and all the musicians are out of tune. I hear Chicago is where it's at, so please go there. Or New York. Or anywhere else, really. Just don't come to Austin.

Perhaps Austin needs a lot of zoning laws and bureaucracy to prevent more people from moving there. Worked really well for SF.

Hard to tell if this comment is sarcastic or not

Re: One-third of SF Bay Area residents hope to leave soon, poll finds

#74
post #43
post #28

Earlier quoted context omitted.

> I grew up in Cupertino, and when I visit my parents there, I'm rather shocked at how downhill the neighborhood has gone in parts. It's crazy that these old 70's tract homes go for 1.5 million. Even more insane is that they're bought and then left empty to go downhill. Literally broken windows and paint falling off. I never used to see that. Do you have any idea what's behind this?

I'm inclined to believe many are empty investment properties. A documentary about the housing costs showed a Chinese investment tour of Cupertino for such purpose: https://youtu.be/SBjXUBMkkE8?t=2m35s The other issue is that the high school I went to there, Monta Vista High School, is extremely well-ranked. As such some investors buy houses, then rent them to a single custodian who boards as many students as possible…

> As such some investors buy houses, then rent them to a single custodian who boards as many students as possible so they can attend the schools. These custodians don't seem to have a high priority on keeping the house in great shape.

This sounds like student housing in any major city.

Re: One-third of SF Bay Area residents hope to leave soon, poll finds

#77
post #33

I may be missing some nuance here, but wouldn't increasing sales tax (as the Silicon Valley Leadership Group is advocating) further disproportionately punish lower-income residents? The article doesn't make clear whether moving towards a "Manhattan-like megalopolis" would be a positive or negative trend, but this would push it further down that road.

From my limited understanding of economics: yes. The reason is that lower income people spend more of their money on necessities, whereas richer people spend more money on luxury goods (things they don't need), and they could hence respond more to an increase in sales tax (that is, spend less as a fraction of their income). To reiterate, the lower income people can't spend less (they're buying necessities), so the increase will cause them to spend a greater total fraction of their wages. So, when compared to an increase in income tax, an increase in sales tax is theoretically far more regressive.

Re: One-third of SF Bay Area residents hope to leave soon, poll finds

#78
post #32

Earlier quoted context omitted.

It seems to me the real answer is to leave. This town ain't big enough for everybody. Mass transit isn't going to solve this problem.

Yup, it can just become 50% empty investment properties, and folks can scrounge for what's left. Some solution is going to be needed to prevent that situation, though maybe with all those empty houses, there'll be less people to make traffic so bad.

Just tax unused properties at a higher rate. Speculative investment wouldn't be as bad if they were rented.

Re: One-third of SF Bay Area residents hope to leave soon, poll finds

#79
post #19

Earlier quoted context omitted.

But were they? Really? 100+ temps in the summer... landlocked in Texas.

I'm not being facetious, Austin is quite overhyped.

I've been told that a lot of the hype comes from the hours of travel through Texas that you have to do to get there.

"It's like an oasis of dirty water in the sahara," a former Austinite once told me. I'm sure they were being hyperbolic.

Post reply on HN