501–510 of 694 posts
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- lack of affordable housing with a garden where my kid can play - traffic - airport traffic is flying above residential areas, so even when you find something affordable you have to check - affordable creche for my kid - SFO is one of the worst airports to arrive from abroad
"SFO is one of the worst airports to arrive from abroad" Explain?
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To be fair whether your house is worth $100k or $10MM doesn't mean much unless you sell it, especially in SF where your taxes don't change with the increased value. Yes, you can spend more of your earned income if you plan on leaving as soon as you retire. But it doesn't mean $60k is easy to live on.
I could live on $60k very easily if I didn't have a mortgage.
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> 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.
This is a common complaint in Texas as well. Dallas and Austin growth has been crazy and California companies keep relocating. Great for those of us already with houses, terrible for those who don't and don't want to live in remote suburbia.
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D/FW, Austin
:( Facebook recently opened a datacenter in Fort Worth. [0] I heard something like 100k people are moving into the DFW metroplex a month? I haven't verified that but the real estate market is definitely crushing right now. It's only a matter of time. [0] https://code.facebook.com/posts/1014459531921764/facebook-in...
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- lack of affordable housing with a garden where my kid can play - traffic - airport traffic is flying above residential areas, so even when you find something affordable you have to check - affordable creche for my kid - SFO is one of the worst airports to arrive from abroad
> - SFO is one of the worst airports to arrive from abroad Interesting - I find it a lot better than a number of other large US airports. While the immigration queues aren't great they're better than JFK, EWR, IAD, LAX, DFW, ORD and much better than YYZ. And you usually can just hurry past a lot of the other flyers, to get at the front of the queue. And departing the security queues are less bad than a lot of other a…
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…
This. Though I'd probably add a 4th category, those being none of the preceding 3 groups. That 4th group would include me, and quite a number of others. In my previous job hunt, I had numerous recruiters try to explain to me that the Bay Area was the only place to be. I helped them work the math to show the CoL differences between where I was and where they wanted me. This didn't phase them. Then I discussed this in…
The top funds, the press, the special talent, the specialized talent, the customers, the early adopters, yada, yada.
When everything is in 'one cluster' - there is a very good reason to be located there, and it almost always makes economic sense.
Very few companies grow gangbusters outside the clusters.
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You kidding right? 100k down? 2K mortgage? These are insane numbers that very few people can afford even in the tech community.
Nearly all software engineers in San Francisco will be able to afford $2k a month, even if it's tight. They'll be doing close to that anyway in rent. I'm not arguing it's not insane rent/mortgage in absolute terms, but relative to software engineer salaries, it's doable.
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…
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…
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> 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.
Seattle is quickly becoming 'bay area'-ish from what I can tell. Housing is certainly becoming difficult at incredible rates. Here in Bellevue, a colleague of mine bought a house for ~400k, it's now worth well over ~500k only a year later. Many houses in that area also sell for at least 700k+ assuming you can even get an offer in before a cash buyer grabs it. Don't even get me started on the traffic. I run as many of…
This is exactly my situation as well. The neighbor to my left bought his house 3 years ago for 320. The neighbor to my right just bought an equivalent house for 570. No can do.
Unlike SF, however, the balance here does seem "worth it". I looked at the job market were I to return to Virginia right now, and while the land is cheap and plentiful, it took some digging to even find a posted role that felt promising. Tech hub job markets are no joke.
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Because there's not the same dynamic at work in other metro areas, like those cited, where real estate prices are also ramping higher.
Are you sure? Have you looked at population growth vs. housing growth in those areas, or how restrictive the zoning is?