What Happens to Home Prices When Technologists Come to Town
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Re: What Happens to Home Prices When Technologists Come to Town
#2The industry is destroying everything it touches and there is nowhere to run.
Re: What Happens to Home Prices When Technologists Come to Town
#3The industry is destroying everything it touches and there is nowhere to run.
Mostly true, but I'd like to know why.
I doubt that the problem is coders and tinkerers (well, I am one, so I am biased).
Re: What Happens to Home Prices When Technologists Come to Town
#4Correlation is not equal to causation. The article feels like link bait to drive more attention to redfin.com.
Re: What Happens to Home Prices When Technologists Come to Town
#5The industry is destroying everything it touches and there is nowhere to run.
Mostly true, but I'd like to know why. I doubt that the problem is coders and tinkerers (well, I am one, so I am biased).
It has nothing to do with the technology sector directly; It's just about money and the pendulum swinging back towards urban living being considered desirable. A booming sector of the economy combined with a relatively affluent portion of the population wanting to move into geographically constrained areas that have been neglected in terms of development for the past few decades.
Re: What Happens to Home Prices When Technologists Come to Town
#6> When I bought my first house, using money earned from co-founding a software company, I couldn’t believe that such abstract work could be exchanged for something so big and tangible, hewn from forests and rocks by people sweating in the sun.
I've been writing software for years, and it still feels like magic. People work 3x as hard as me and I make 3x as much as them. Many make real, physical things; i just type away on a keyboard. With the right incantations, you can build something that's worth millions. Just you, in your free time, creating something that can be used by the entire world.
Always reminds me of this louie CK interview on conan: https://www.youtube.com/watch?v=uEY58fiSK8E
Re: What Happens to Home Prices When Technologists Come to Town
#7Earlier quoted context omitted.
Mostly true, but I'd like to know why. I doubt that the problem is coders and tinkerers (well, I am one, so I am biased).
It has nothing to do with the technology sector directly; It's just about money and the pendulum swinging back towards urban living being considered desirable. A booming sector of the economy combined with a relatively affluent portion of the population wanting to move into geographically constrained areas that have been neglected in terms of development for the past few decades.
And a large number of now rich people in other countries looking for assets outside of their home country's control - which in SF is just the same as it is in London
Re: What Happens to Home Prices When Technologists Come to Town
#8> When I bought my first house, using money earned from co-founding a software company, I couldn’t believe that such abstract work could be exchanged for something so big and tangible, hewn from forests and rocks by people sweating in the sun. I've been writing software for years, and it still feels like magic. People work 3x as hard as me and I make 3x as much as them. Many make real, physical things; i just type aw…
The product of your work does more than 3x what you could do by yourself though, that's why it's valued more / differently. A similar argument would be made for effective organizers and the force multiplication of coordinated work.
Re: What Happens to Home Prices When Technologists Come to Town
#9> When I bought my first house, using money earned from co-founding a software company, I couldn’t believe that such abstract work could be exchanged for something so big and tangible, hewn from forests and rocks by people sweating in the sun. I've been writing software for years, and it still feels like magic. People work 3x as hard as me and I make 3x as much as them. Many make real, physical things; i just type aw…
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Re: What Happens to Home Prices When Technologists Come to Town
#10The industry is destroying everything it touches and there is nowhere to run.
Only because we insist that everyone work 8 hours a day to eat and have a place to live though we don't have to.