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

Post by tkahnoski » Mon, Oct 23, 2017, 5:29 PM UTC

davidw wrote: post #59

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…

> where will they go Other tech hubs. Portland, Seattle - even little Bend has plenty of people from California who are attracted by the (for them) low housing prices. They, in turn, put pressure on housing prices for 'ordinary' people here. California's housing crisis has repercussions all up and down the west coast.

Post by akhilcacharya » Mon, Oct 23, 2017, 5:29 PM UTC

whack wrote: post #108

nimbius wrote: 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…

In which of the above 3 categories would you put the Google/Facebook/Apple employees making 200-300k+ per year? I can't speak towards family living, but as a single person willing to live with roommates, you can find pretty nice places in the heart of Silicon Valley for ~$1000/month. Now add in compensation-packages well over 6 figures, brand-name companies for your resume, networking locally with other great enginee…

Post by client4 » Mon, Oct 23, 2017, 5:30 PM UTC

JshWright wrote: post #32

client4 wrote: 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

One of the biggest YouTube production companies is also in Missoula. https://complexly.com/

Post by cat199 » Mon, Oct 23, 2017, 5:30 PM UTC

abritinthebay wrote: post #64

toomuchtodo wrote: post #33

Earlier quoted context omitted.

> 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.

Post by Gargoyle » Mon, Oct 23, 2017, 5:31 PM UTC

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…