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Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

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Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#61

Post by Chirael »

acangiano wrote: post #27

Why aren't tech companies buying or building massive apartment complexes, making them appealing with a few amenities, and renting them out for cheap to their employees? I know building development in San Francisco proper is limited, but in the general bay area or South is not. Now you have a very attractive package: a relatively big salary and somewhat affordable housing. Talent would be much more willing to relocate…

Because tech companies want to be in the tech business, not the real estate business. And investors would rather see slightly higher salaries for employees who then fend for themselves, instead of the business getting involved in real estate as a potential huge distraction.

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#62

Post by revmoo »

polskibus wrote: post #50
jorblumesea wrote: post #39

Earlier quoted context omitted.

There's also a fair amount of people "grandfathered" into the region. Bought back in the 90s/early 2000s in closer in cities or neighborhoods. They have it pretty good, but at the expense of everyone else.

Could you explain that bit more? How is that at the expense of everyone else, did they achieve their wealth illegally?

https://en.wikipedia.org/wiki/California_Proposition_13_(197...

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#63

Post by kfriede »

taxicabjesus wrote: post #24

I've been thinking that apartment cooperatives might be a way to break "investors'" stranglehold on housing. The last landlord I had was a decent fellow - the property was well maintained and he fixed problems promptly. But my rent certainly went to pay his mortgage on the property, and I now have nothing to show for the $thousands I paid him. One time he was showing off the little 8-unit complex to someone he wanted…

> and I now have nothing to show for the $thousands I paid him

You had a roof over your head while you paid him. That's not nothing.

> my rent certainly went to pay his mortgage on the property

Whereas the alternative is for him to not have the property at all because he can't afford it, and you're stuck finding somewhere else to live?

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#64

Post by abritinthebay »

toomuchtodo wrote: post #33
robbrit wrote: post #31

Earlier quoted context omitted.

A fourth category: people who have lived here for a long time, and were able to buy property back before it became unaffordable. These are typically the managers or senior employees. It makes me wonder that as the young rockstars and H1B recipients age, where will they go? They certainly can't afford to buy a house. I imagine as time goes on, companies in the Bay Area will be awash with young junior talent but will s…

> It makes me wonder that as the young rockstars and H1B recipients age, where will they go? They certainly can't afford to buy a house. I imagine as time goes on, companies in the Bay Area will be awash with young junior talent but will struggle to attract more senior folks. They leave for more affordable cities or head back home to be close to family when they decide to have kids. EDIT: May I offer up Tampa as a ye…

Which, btw, is not explicitly a bad thing as it means skills and talents will be spread across the country.

It’s why Austin/Portland/etc grow in these areas.

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#65

Post by tyingq »

acangiano wrote: post #27

Why aren't tech companies buying or building massive apartment complexes, making them appealing with a few amenities, and renting them out for cheap to their employees? I know building development in San Francisco proper is limited, but in the general bay area or South is not. Now you have a very attractive package: a relatively big salary and somewhat affordable housing. Talent would be much more willing to relocate…

Not a new idea...

https://en.m.wikipedia.org/wiki/Company_town

They tend to become exploitative though.

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#66

Post by vazamb »

taxicabjesus wrote: post #24

I've been thinking that apartment cooperatives might be a way to break "investors'" stranglehold on housing. The last landlord I had was a decent fellow - the property was well maintained and he fixed problems promptly. But my rent certainly went to pay his mortgage on the property, and I now have nothing to show for the $thousands I paid him. One time he was showing off the little 8-unit complex to someone he wanted…

Systems like this exist all over Europe. They are very popular in Denmark for example. But you Americans surely wouldn't want to engage in socialism...

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#67

Post by client4 »

nnbosko wrote: post #38
client4 wrote: post #17

Earlier quoted context omitted.

Oh, and if the outdoors aren't your thing, we have a different kind of trail map as well: http://montanabrewers.org/trail-map/

How can we get in touch?

Which company? I can give an email to each, or for the most part they all have careers pages.

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#68

Post by fooey »

polskibus wrote: post #50
jorblumesea wrote: post #39

Earlier quoted context omitted.

There's also a fair amount of people "grandfathered" into the region. Bought back in the 90s/early 2000s in closer in cities or neighborhoods. They have it pretty good, but at the expense of everyone else.

Could you explain that bit more? How is that at the expense of everyone else, did they achieve their wealth illegally?

The bay area suffers from extreme NIMBYism

Re: Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring

#70

Post by [deleted] »

polskibus wrote: post #50
jorblumesea wrote: post #39

Earlier quoted context omitted.

There's also a fair amount of people "grandfathered" into the region. Bought back in the 90s/early 2000s in closer in cities or neighborhoods. They have it pretty good, but at the expense of everyone else.

Could you explain that bit more? How is that at the expense of everyone else, did they achieve their wealth illegally?

[deleted]
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