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Tech takes over: New York is the sector's second city

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Re: Tech takes over: New York is the sector's second city

#191

Post by dolinsky »

lotsofpulp wrote: post #136
vthallam wrote: post #112

Earlier quoted context omitted.

I thought while Cost of living in Seattle is relatively lesser than NYC, the house prices are exorbitant. NYC has advantage of very close proximity to NJ, Connecticut where you could probably get a better home than in Seattle-Bellvue-Redmond area.

The time, effort, and stress of commuting easily offsets any gains from living outside of NYC. Any city with decent neighborhoods will be at least a 60 minute commute door to door, plus you have to budget another 30 minutes for delays and whatnot because the public transit is terrible. It's very difficult to plan anything on work days if you're commuting into NYC, and you get to pay super high rents and property taxe…

"It depends"

As someone who has gone through this for some 20 yrs, it's usually a faster commute to travel from Hoboken to pretty much anywhere along/south of the PATH line during peak hours (so 34th down to the southern tip of Manhattan) versus a starting point of the UES/UWS (which is where the comparable housing exists).

My commute from Hoboken to various startup locations in NYC was consistently ~45 minutes door to door, versus an hour for my friends on the UES/UWS.

Re: Tech takes over: New York is the sector's second city

#192

Post by tashoecraft »

timothycrosley wrote: post #181
tashoecraft wrote: post #123

Earlier quoted context omitted.

I can’t trust any of these comparisions because it’s difficult to compare apartments across cities. Average apartment costs in new york are meaningless. I know of no one paying 3k per month. Usually it’s between 1k-1.5k, which completely changes this graph.

It's not hard. And they're not. You're friends are paying 1K-1.5 to have a room . In the end if you have to pay as much for a room in city A as a whole apartment or mortgage in city B, you are getting paid less. To expand, both the the average and median price per a room per apartment is readily available and easily calculable. If a 2BD is 4K in city A and most people put 4 people in that apartment that doesn't mean…

I understand that, but my argument is that people usually spend up to the amount they are comfortable with because they are not rational actors.

I made this argument a lot when the prius was becoming popular. Lots of people said it was overpriced, that is cost 30k and there were similarly equipped cars for 20k. But that completely missed who was buying the car. If someone is in the market to spend 30k on a car, they most likely will, as they have entered into a different price bracket.

Same thing with apartments. Sure in Seattle you could share a space and pay less, my hunch (with no data to back this up) is that you probably wont. If I can comfortably afford 1-1.5k, then that's what I'm going to spend, regardless of city (Please don't nitpick and say 'Oh I share and pay less', I'm not speaking in absolutes).

You obviously will get a more space/features/quality in Seattle for the money, but my argument against this guides is they say you will actually be making x, because I'll be paying more in rent. but that's not the case. Yes you can argue the missed cost of having more space, but that's not what they compare. My bank account is going to be the same after rent regardless of the major city I'm in.

EDIT: Spelling and Grammar

Re: Tech takes over: New York is the sector's second city

#193

Post by lotsofpulp »

dolinsky wrote: post #191
lotsofpulp wrote: post #136

Earlier quoted context omitted.

The time, effort, and stress of commuting easily offsets any gains from living outside of NYC. Any city with decent neighborhoods will be at least a 60 minute commute door to door, plus you have to budget another 30 minutes for delays and whatnot because the public transit is terrible. It's very difficult to plan anything on work days if you're commuting into NYC, and you get to pay super high rents and property taxe…

"It depends" As someone who has gone through this for some 20 yrs, it's usually a faster commute to travel from Hoboken to pretty much anywhere along/south of the PATH line during peak hours (so 34th down to the southern tip of Manhattan) versus a starting point of the UES/UWS (which is where the comparable housing exists). My commute from Hoboken to various startup locations in NYC was consistently ~45 minutes door…

Hoboken might as well be a borough of NYC, as well as the waterfront part of Jersey City. I was referring to places most think of when raising a family and wanting to own a home with a driveway.

Re: Tech takes over: New York is the sector's second city

#194

Post by dmode »

clairity wrote: post #124
replicatorblog wrote: post #61

"official" FTEs is one way to slice it, but kind of dumb. Seattle is home to two of the five biggest tech companies in the US. Boston has had an IPO every year for the last ten years that exceeds any in NYC history. LA has had the only 11-digit IPO in the last five years, outside of the bay area. It's also capturing the zeitgeist in a way that NYC no longer does (that's subjective, of course, but I'd debate it). Just…

in my head (a totally unscientific read of the zeitgeist), it's 1. SF/SV (by a very wide margin) 2. LA, NYC, boston (3-way tie) 3. seattle, austin (2-way tie) 4. atlanta, chicago, and everywhere else obviously this is US-only since i don't know much about the international startup scene other than china in general has been exploding with competitive startups (although that seems to have cooled a bit?).

Austin belongs to Tier 4. It is no way close to Seattle in terms of tech jobs and growing tech scenes

Re: Tech takes over: New York is the sector's second city

#195

Post by seanmcdirmid »

reaperducer wrote: post #182
seanmcdirmid wrote: post #40

Earlier quoted context omitted.

Seattle has better connections to Asia, given the way planes travel it is closer to Beijing, Tokyo, Seoul than any other major American city besides anchorage.

It depends on how you define "better." If by "better," you mean a couple of hours shorter, then Seattle may be better. If by "better," you mean more frequent flights, more airline choices, more destinations, and more business/first class opportunities, then New York beats Seattle with just one of its three international airports. (Four if you count Stewart.)

The difference is about 3 hours actually. And having gone through ICE at JFK and EWR, I much prefer arriving in Seattle than those two train wrecks. Not to mention getting to the airport is super easy.

Re: Tech takes over: New York is the sector's second city

#196

Post by electricslpnsld »

melq wrote: post #184
electricslpnsld wrote: post #148

Earlier quoted context omitted.

> When I say Pollution, I am not just saying air pollution. I physically felt dirty the minute I stepped out into the street after getting ready for work. I would wash my hair and it would streak of dirt. The subway is absolutely filthy. Bathrooms anywhere but expensive restaurants are filthy. Sidewalks were filthy. Streets are filthy. The water that pools up at the sides of crosswalks was everywhere -- and was filth…

I was in NYC over the long weekend (I'm from Boston), and I can say wholeheartedly that the entire city is filthy. I'm sure relative to what it used to be, its alot cleaner. But relative to most other places, NYC is one giant pile of garbage. (For the record I love the city, and would consider moving there.)

It really depends where you are in the city. Take a stroll in some of the neighborhoods around Prospect Park, and you'll find downright pristine streets filled with single family mansions...

Re: Tech takes over: New York is the sector's second city

#197

Post by timothycrosley »

tashoecraft wrote: post #192
timothycrosley wrote: post #181

Earlier quoted context omitted.

It's not hard. And they're not. You're friends are paying 1K-1.5 to have a room . In the end if you have to pay as much for a room in city A as a whole apartment or mortgage in city B, you are getting paid less. To expand, both the the average and median price per a room per apartment is readily available and easily calculable. If a 2BD is 4K in city A and most people put 4 people in that apartment that doesn't mean…

I understand that, but my argument is that people usually spend up to the amount they are comfortable with because they are not rational actors. I made this argument a lot when the prius was becoming popular. Lots of people said it was overpriced, that is cost 30k and there were similarly equipped cars for 20k. But that completely missed who was buying the car. If someone is in the market to spend 30k on a car, they…

While there is def some sound logic to what you're saying I think the key piece you're missing is paying the same amount of monthly payments enables developers in Seattle to buy a home, which in the end means they are building equity by default while their counterparts in NYC could live their whole lives paying rent that keeps going up.

Re: Tech takes over: New York is the sector's second city

#198

Post by Redoubts »

humanrebar wrote: post #56
jdlyga wrote: post #3

Cheaper rent than Silicon Valley, tons of cultural diversity, and amazing food. Really nice place to live.

I think New York is good but overrated as a food scene, especially dollar for dollar.

Compared to what? SF is a joke to me, compared to LA or NY.

Re: Tech takes over: New York is the sector's second city

#199

Post by tdeck »

load_balancer wrote: post #13

I really want to move to NYC. As a full stack developer in SF I only get interest from companies in the Bay Area. All my NYC applications get no response even if it's the same resume with locations removed. Am I missing something? Can someone who has mde a similar move cue me in? I have 4 years of full stack experience. Do people tailor their resume for NYC companies?

Maybe change your LinkedIn location to NYC? I read this tip somewhere but have not tried it myself.

Re: Tech takes over: New York is the sector's second city

#200

Post by cylinder »

longerthoughts wrote: post #103
adrianparsons wrote: post #62

Earlier quoted context omitted.

I completely agree. I also love the influence NYC industries have on tech startups. Warby Parker is tech+fashion, Buzzfeed is tech+media, Betterment is tech+finance.

Seems like it's time to stop calling companies tech companies just because they hire software engineers and leverage some degree of modern technology to provide their product or service. Warby Parker sells glasses and Buzzfeed is a media company - I have a hard time seeing how either of these qualify as tech startups.

Apparently if your e-commerce site has trendy enough fonts, you're a tech startup
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