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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

#91
post #14

Montana, a land of National parks, natural beauty, fast internet, and a low cost of living has a number of high tech jobs open. Full disclosure, I own an internet company here and want more tech savvy people in the area ;) Social Finanace (SoFi) | Helena, MT Oracle | Bozeman, MT OnXMaps | Missoula, MT Zaneray Group | Whitefish, MT Submittable | Missoula, MT Applied Materials | Kalispell, MT

How friendly to trans people is Montana?

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

#92
post #14

Montana, a land of National parks, natural beauty, fast internet, and a low cost of living has a number of high tech jobs open. Full disclosure, I own an internet company here and want more tech savvy people in the area ;) Social Finanace (SoFi) | Helena, MT Oracle | Bozeman, MT OnXMaps | Missoula, MT Zaneray Group | Whitefish, MT Submittable | Missoula, MT Applied Materials | Kalispell, MT

Have you considered doing something more organized than a random comment on HN?

I would very much like to see real solutions to some of the problems the US is experiencing wrt concentration of "good" jobs in a few places and them going utterly to hell because of it. I keep kicking around ideas and starting various small websites that often go nowhere. But, I think the internet is a potential means to start giving pushback against this trend and start creating a healthier fabric than we have currently.

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

#93
post #21
post #16

Most of the bay area employees are divided into 3 categories from anecdotal experience: young rockstars that are willing to live in relative squalor for a chance to prove themselves, vested and moneyed elites (CEO's, presidents, VC funded overlords) who are so out of touch with the average employee its best they not show up to the office that frequently, and H1B visa recipients that endure the soul-crushing San Jose…

Is it worthwhile to work there for a few years as a 20-year old though? I'm thinking it's a unique experience even if monetarily it's a poor choice.

Yes. I met more talented developers in a few years working in the Bay than I did in twice that time living in the Northeast. All other problems aside Silicon Valley still does have the highest concentration of top talent.

My advice: live there for a few years as cheaply as possible, work at 2+ companies, learn everything you can, then get out of dodge.

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

#94

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?

They actively like to block high-density housing projects. The NIMBY movement is strong. Having affordable housing would make their homes' values plummet and they don't want it. So, yes, to the detriment of everyone else. Which is really America in a nut-shell - "I got mine, fuck you".

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

#95
post #68

Earlier quoted context omitted.

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

So much so there is a YIMBY organization to help combat it:

http://www.sfyimby.org/

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

#96

38, two kids and a wife. Have been living in a 900SQ/FT apt, I don't know how much longer I can take this before rage quitting and relocating somewhere else (don't know where). The sad part, as a ethnic-minority, I have just found our community for my kids, etc. It would be really tragic if I have to tear my kids away from that. Don't get me wrong, my daily 30 minute commute on BART isn't the worst. The worst part is…

Wow that is a crazy rent. I also live with a wife and two kids in about a 1000 sq. ft. apartment and make a similar income (but pay $2k rent). I've been squirreling away $50k per year and buying cheap homes to help with passive income. Up to about $7k per month which helps a lot both in terms of future saving and investing and also with peace of mind if I ever lose my job.

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

#98

38, two kids and a wife. Have been living in a 900SQ/FT apt, I don't know how much longer I can take this before rage quitting and relocating somewhere else (don't know where). The sad part, as a ethnic-minority, I have just found our community for my kids, etc. It would be really tragic if I have to tear my kids away from that. Don't get me wrong, my daily 30 minute commute on BART isn't the worst. The worst part is…

What's the plan though?

Like, tuck away the money to buy a place somewhere else? Or are you waiting for a housing correction?

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

#99
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…

Yep! That's pretty much what happened with me. I worked in SF as a developer for about 4 years and then left. Back in the 00's and early 10's I was always paying less than $1000/month rent for a room in a house or apartment. It's a great place to live if you are young and don't have a lot of responsibilities or expenses. I would love to move back to the Bay Area but now I have a wife and a kid. I can buy a relatively affordable house here for about $150k (Northwest Arkansas) and be able to pay for private education for my child OR move back to Dublin/Pleasanton, spend an hour and a half on the BART every day, pay rent, and send her to public school. I make $70/hr doing remote work in my home. How much would I have to get paid in SF to get the same level of compensation? It's hard to justify moving back.

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

#100

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?

Property taxes are capped to the level they were at the time of last sale. So, if you bought 20 yrs ago, you pay taxes for the purchase value at that time. Re-adjustment is done when selling or after you finished an addition.
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