The left says we're in a housing bubble, but prices keep going up with no end in sight. They want to believe in a bubble like they want to believe in man-made global warming. Outside of the political sector the meritocracy is alive and well. The best and brightest are still getting ahead if the runaway success of snapchat, whatsapp,instagram facebook is any clue. Ambitious, high IQ people are making millions and billions in a matter of months and years through coding, web 2.0, stock market, real estate ,etc. The meritocracy, America's global influence, and the US economy has never been stronger. The left wants to believe that America's best days are behind it because they resent the success of the 1% that make America the success it is.
The Housing Market With Nowhere to Go but Up
41–50 of 75 posts
Re: The Housing Market With Nowhere to Go but Up
#42I would have no trouble finding a job in that area. But why live in a place where even a ridiculous salary is proportionately less than just about anywhere else? If you are competing with stockified millionaires no salary will ever compete. My 2000sf house here in Texas in worth $160,000. In SF it's probably ten or even twenty times that. Can I get paid ten times my salary here? Hell no.
Re: The Housing Market With Nowhere to Go but Up
#43I'm hoping some people start to wake up and realize they don't have to be in SF or Silicon Valley to be successful entrepreneurs or technologists. Between the harsh northeastern winter, and whats happening in San Francisco, we're making a big push to attract folks with low cost of living and high quality of life in Myrtle Beach, SC through http://WhyNotTheBeach.com . With so many companies becoming more and more open…
"I'm hoping some people start to wake up and realize they don't have to be in SF or Silicon Valley to be successful entrepreneurs or technologists." Yeah I agree. But being in the Bay Area helps a lot. If I move to Myrtle Beach, would I be surrounded by people like me who are into startups or will I be one of the few? It is not even the local resources or quality of life. San Francisco is a poorly-run city. Startups…
This is one of the unique opportunities I see about Myrtle Beach: There are so many professional, successful, educated northerners - both young professionals and retirees, which are moving to the area, that they're bringing the mindset with them. They come here looking for the same like-minded folks; and they're finding it due to the # of transplants.
Yes, for now you'd be one of the few who are into startups. But that was also the case in Boston when I first moved there in 2006 (albeit not starting /as/ small), and I was able to watch the startup community grow and thrive over the next 6 years
Re: The Housing Market With Nowhere to Go but Up
#44Earlier quoted context omitted.
Which came first? Do people want to be in SF - or are they there because there are jobs? Anecdotal, but I know people who live in SF who would rather be back in Myrtle Beach, SC - as soon as there's a similar opportunity or a remote work opportunity for them. The quality of life and work-life balance is not in SF for them. wyclif: I agree that more companies will solve this problem with distributed, remote teams - wh…
Funny to see this post pop up in a thread about how dysfunctional SF city government is. Myrtle Beach is effectively governed by an oligarchy of property development families.
I've never lived in either city, but while I've certainly heard a fair bit about San Francisco's idiosyncrasies, I have basically no impression of Myrtle Beach at all. In your estimation, what aspects of MB are as bad as the complaints I see about SF, and how do those stem from the governance model you describe?
Re: The Housing Market With Nowhere to Go but Up
#45I just saw a report on TV about how gentrification in New York City has started to reach even the upper middle class, with young families north of $100,000 per year can no longer afford to stay in their Brooklyn neighborhood. In Manhattan, the super-rich of Russia, China, but also Europe have found a trendy place to buy luxury apartments that they then only use rarely. Not only workers, but also people with high-inco…
> Not only workers, but also people with high-income jobs have started to be pushed out of the more sought after neighborhoods.
"People with high-income jobs" are still workers. The "job" bit gives it away.
Re: The Housing Market With Nowhere to Go but Up
#46Earlier quoted context omitted.
The alternative proposed was "distributed, remote employee base", which - if it worked - would let you hire and retain good employees wherever they wanted to live (even if they didn't all want to live near each other). So your explanation alone doesn't address the issue.
There are plenty of reasons not to do the alternative. Are we now going to iterate them and iterate counter-reasons and such and such? It's a waste of time.
There are doubtless plenty of reasons, but discussing them would seem to be substantially less a waste of time than answering obvious questions that weren't asked. Particularly since at least one person doesn't seem to understand them.
Re: The Housing Market With Nowhere to Go but Up
#47Earlier quoted context omitted.
Funny to see this post pop up in a thread about how dysfunctional SF city government is. Myrtle Beach is effectively governed by an oligarchy of property development families.
I've never lived in either city, but while I've certainly heard a fair bit about San Francisco's idiosyncrasies, I have basically no impression of Myrtle Beach at all. In your estimation, what aspects of MB are as bad as the complaints I see about SF, and how do those stem from the governance model you describe?
This is a terrible question so I'm not going to answer it, but if you are interested in reading about the corrupt history of Myrtle Beach (and the greater Grand Strand area) I strongly recommend Will Murdock's Banana Republic: A Year in the Heart of Myrtle Beach. http://www.amazon.com/Banana-Republic-Heart-Myrtle-Beach/dp/...
Re: The Housing Market With Nowhere to Go but Up
#48I'm hoping some people start to wake up and realize they don't have to be in SF or Silicon Valley to be successful entrepreneurs or technologists. Between the harsh northeastern winter, and whats happening in San Francisco, we're making a big push to attract folks with low cost of living and high quality of life in Myrtle Beach, SC through http://WhyNotTheBeach.com . With so many companies becoming more and more open…
WhyNotTheBeach.com? Answer:
* The first link in the list of what you "offer" is broken
* Hurricane Hugo
* Hurricane HazelRe: The Housing Market With Nowhere to Go but Up
#49I just saw a report on TV about how gentrification in New York City has started to reach even the upper middle class, with young families north of $100,000 per year can no longer afford to stay in their Brooklyn neighborhood. In Manhattan, the super-rich of Russia, China, but also Europe have found a trendy place to buy luxury apartments that they then only use rarely. Not only workers, but also people with high-inco…
> Not only workers, but also people with high-income jobs have started to be pushed out of the more sought after neighborhoods. "People with high-income jobs" are still workers. The "job" bit gives it away.
Sorry, I meant "blue collar workers" which we unfortunately have come to expect as victims of gentrification.
EDIT: Disarmed previously snarky response.
Re: The Housing Market With Nowhere to Go but Up
#50Earlier quoted context omitted.
That is not necessary. If prices get so high that no one wants to or can afford to live in SF, then the prices will naturally decline. I'm old enough to be a crusty dot-com boom veteran. Rent prices were about as crazy as they were today, except it was more in the South Bay than SF, so no one appeared to care as much. My 2 br apartment in the South Bay went from $1700/month to $2300/month after the lease was up. We h…
>>That is not necessary. If prices get so high that no one wants to or can afford to live in SF, then the prices will naturally decline. I think you have a fundamental misunderstanding of the problem. For people outside the tech industry, this is already becoming the case. This is why entire neighborhoods are being gentrified: middle and lower-middle class can no longer afford to live there. Tech workers though? Thei…
To say that tech companies have bottomless pockets actually shows that you have a fundamental understanding of the problem. Since you don't live in SF, I'll chalk that up to you buying into the media hysteria and not really knowing how life has been here over the past little while. People have always been predicting about how basic services will stop functioning because the workers will be unable to afford it, and it just won't happen. There will always be people to pick up the work.
In terms of tech companies having bottomless pockets, tht's simply nonsense. Startups can't afford to keep up paying Google-like wages (~200k/yr + $100k/yr in RSUs). And just like the dotcom boom, there will be a reckoning when "promising" startups don't get bought up by Google or Facebook, and their investors start fleeing en masse. Then, as people start moving out of the $5000/month 2 br condos in Mission Bay (as one of my friends were actually paying), prices will drop. It's just the nature of the beast.