$1B for 20,000 Bay Area homes
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$1B for 20,000 Bay Area homes
1–10 of 547 posts
Re: $1B for 20,000 Bay Area homes
#2Most major tech companies want to hire onsite, when there are plenty of places in this country where you can buy a lot of real estate for much cheaper than the Bay Area.
I pay less on my mortgage for a large house with over an acre of land than friends of mine pay for rent for studio apartments in San Francisco or Seattle.
Investing $1B into housing in the Bay Area seems nice at the surface, but maybe if we stopped demanding everyone be willing to relocate to one of a handful of cities to work in our industry, we'll solve the root cause of the problem.
Re: $1B for 20,000 Bay Area homes
#3You'd think they could spend a bit to "buy" someone like Senator Atkins, who effectively killed SB50.
https://www.latimes.com/politics/la-pol-ca-housing-single-fa...
Re: $1B for 20,000 Bay Area homes
#4I think this is good and should be encouraged. The Bay Area needs more housing desperately.
Re: $1B for 20,000 Bay Area homes
#5Most major tech companies want to hire onsite, when there are plenty of places in this country where you can buy a lot of real estate for much cheaper than the Bay Area. I pay less on my mortgage for a large house with over an acre of land than friends of mine pay for rent for studio apartments in San Francisco or Seattle. Investing $1B into housing in the Bay Area seems nice at the surface, but maybe if we stopped d…
The 'root' cause is that industries tend to concentrate, and that's not an easy problem to solve.
And at the same time there's a massive economic draw, California refuses to let the market provide anything like enough housing.
Re: $1B for 20,000 Bay Area homes
#6Reminded me of this interview with Peter Thiel: https://twitter.com/garrytan/status/1133942478501888000
Interesting investment decision but to their defense they might be diversifying.
Re: $1B for 20,000 Bay Area homes
#7I think this is good and should be encouraged. The Bay Area needs more housing desperately.
My only question, is will these houses have access to public transit or will they drive? If driving, can your roads handle the increased traffic?
Housing, transit, schooling.. these all seem interconnected. Just increasing supply of one just strains the rest of the system, no?
Re: $1B for 20,000 Bay Area homes
#8You'd think they could spend a bit to "buy" someone like Senator Atkins, who effectively killed SB50. https://www.latimes.com/politics/la-pol-ca-housing-single-fa...
I was wondering the same thing.
The California housing crisis is a political choice and fixing the politics that caused it might be more effective long term than stop gap patches like this.
Re: $1B for 20,000 Bay Area homes
#9I'm reading this as Google has a bunch of land and they want to cash in on sky-high prices.
Re: $1B for 20,000 Bay Area homes
#10Most major tech companies want to hire onsite, when there are plenty of places in this country where you can buy a lot of real estate for much cheaper than the Bay Area. I pay less on my mortgage for a large house with over an acre of land than friends of mine pay for rent for studio apartments in San Francisco or Seattle. Investing $1B into housing in the Bay Area seems nice at the surface, but maybe if we stopped d…
The 'root' cause is that industries tend to concentrate, and that's not an easy problem to solve. And at the same time there's a massive economic draw, California refuses to let the market provide anything like enough housing.
Hire remote. Provide relocation assistance to get developers to move out of major cities, instead of the other way.
Fringe benefit: Less payroll overhead since the cost of living in rural areas is much lower.
> that's not an easy problem to solve.
The solution is simple, it's just getting people to actually do it that's hard.
> And at the same time there's a massive economic draw, California refuses to let the market provide anything like enough housing.
I don't know enough about California's politics to provide insightful commentary, but from what I have heard, none of it was good or sane.