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Dorm living for professionals comes to SF

nytimes.com

111–120 of 125 posts

Re: Dorm living for professionals comes to SF

#111
post #88

Last time I was in SF I stayed near the Tenderloin area: I've never seen anything like that level of homelessness, neglect and dysfunction in any other first world country. The existence of such conditions in a city of billionaires is shameful shit. The US economy generates over $100k per household, and people are living on the street, or crammed into dorm rooms? It's a cruel, obscene disgrace.

I was shocked as well. All these leading tech companies, some of the richest people on Earth and can't fix the house they live in? It is such a bizarre contrast to see so much wealth and people living in card boxes on the streets. No body cares enough to actually get it fixed.

The problem is that you'd have to resort to involuntary commitment and/or lifetime arrest of some form to get them off, and no one likes opening that can of worms. You can build all the apartments you like, and run all the job programs you can; if the person wont take his meds, or can't stay off drugs of his own volition, he will end up back on the street.

Re: Dorm living for professionals comes to SF

#113
post #8

> to turn into dorm rooms for the middle class. let's be real here, the middle class in the bay area/SF makes $250k+ per household. there's nothing wrong with living in dorms, but there is something disturbing about calling this the 'middle class' in SF.

Median household income in SF is $78k.

Lower/middle/upper class is not equally populated, so a median income is useless when trying to define a "middle class" income; going by that would put folks in poverty in the "middle class" in a lot of the world.

Re: Dorm living for professionals comes to SF

#114

this is absolutely fascinating. why cant these people just commute from pleasant hill or even lafayette? i had the same accommodations as these people and paid only 400 in pleasant hill.

Or Sacramento, as my dad and stepmom did when I was growing up, and as many of my friends and family continue to do.

Yeah, the length of the commute sucks, but taking AmTrak+BART gives you some downtime instead of sitting in traffic.

Re: Dorm living for professionals comes to SF

#116

Earlier quoted context omitted.

Nobody is so extroverted that they want to have other people peering in to their lives every moment of the day (unless they are walking so closely in lockstep with culture that there's literally nothing about them that could cause friction.) There's a reason why people born in compressed, shared living conditions tend to buy houses when they can. If you don't live in a "dorm" you can control your environment, for exa…

Globalism is going to lead to an averaging out of the standards of living across the globe. People from wealthy nations are in for a rude awakening.

My thoughts exactly. A day of reckoning is coming.

Re: Dorm living for professionals comes to SF

#117

Earlier quoted context omitted.

The topic was tech careers. I don't believe Citadel does any algo/prop work that could fall under the umbrella of tech. Off-topic: I'm from the East and #FreeMadix

You’re just in denial now, you’ve clearly had plenty of the Valley’s koolaid. It’s hilarious that you don’t think the worlds largest market maker isn’t doing “algo/prop work that could fall under the umbrella of tech.” Don’t be afraid to leave your bubble.

What a twist of fate. I find myself holding your exact same thoughts, but yet I try to mimic the community and "fit in."

All I'm saying is that Citadel is no Rennaisance. It's not LTCM or Medallion. Maybe it's like Boston, but sure it ain't as beneficial as the valley. If there were spoiler tags, I would tell you what I really think, but I don't want to be a Pats fan at a Steelers game.

Re: Dorm living for professionals comes to SF

#118

Earlier quoted context omitted.

You’re just in denial now, you’ve clearly had plenty of the Valley’s koolaid. It’s hilarious that you don’t think the worlds largest market maker isn’t doing “algo/prop work that could fall under the umbrella of tech.” Don’t be afraid to leave your bubble.

What a twist of fate. I find myself holding your exact same thoughts, but yet I try to mimic the community and "fit in." All I'm saying is that Citadel is no Rennaisance. It's not LTCM or Medallion. Maybe it's like Boston, but sure it ain't as beneficial as the valley. If there were spoiler tags, I would tell you what I really think, but I don't want to be a Pats fan at a Steelers game.

I mean, Citadel is far more secretive than any of the companies in the valley. Just because you don't see the innovation doesn't mean it isn't happening. Citadel pays salaries on par with the valley and is widely respected in the hft space -- it's a very good place to start a tech career.

Re: Dorm living for professionals comes to SF

#119

Earlier quoted context omitted.

What a twist of fate. I find myself holding your exact same thoughts, but yet I try to mimic the community and "fit in." All I'm saying is that Citadel is no Rennaisance. It's not LTCM or Medallion. Maybe it's like Boston, but sure it ain't as beneficial as the valley. If there were spoiler tags, I would tell you what I really think, but I don't want to be a Pats fan at a Steelers game.

I mean, Citadel is far more secretive than any of the companies in the valley. Just because you don't see the innovation doesn't mean it isn't happening. Citadel pays salaries on par with the valley and is widely respected in the hft space -- it's a very good place to start a tech career.

Then the next question is, how are you supposed to start your career if you don't know about it? I half kid, but it's neat to hear. I haven't been a part of the buyside for a while, so it's more than likely Citadel's gotten some internal clout in the quant scene since them.

Re: Dorm living for professionals comes to SF

#120

Earlier quoted context omitted.

Globalism is going to lead to an averaging out of the standards of living across the globe. People from wealthy nations are in for a rude awakening.

That's only somewhat true. It will smooth out living standards as it crushes working people down by exploiting the lowest wages anywhere in the globe. Simultaneously, the wealthy bourgeoisie will become richer and richer until the internal contradiction in capitalism, that profits come from consumers that must work for wages, tears the system asunder. The system that follows will likely be fascism, the seamless merge…

Differences are sure evening out in Venezuela. Good thing we have options other than "facism" and the ultimately indistinguishable "socialism", which is called "fascism" once it gets poor enough.
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