11–20 of 101 posts
It's been over 3 years though. Has the anti-tech-worker hate really gone mainstream or are journalists continuing to inflate it?
San Francisco is one massive "tech slowdown" (although I suppose more like a tech collapse, given the baseline level of employment further down in Silicon Valley) from turning into Detroit-on-the-Bay.
Earlier quoted context omitted.
How's that? They seemed to be OK before the crazy upswing.
Because that was before, obviously. Too much of the city relies on the tech economy now - the restaurants, the lyft/uber drivers, the building contractors, the dog walkers, the private school teachers.
I think people will be shocked by how little housing prices decrease if the startup economy experiences a downturn.
The only way housing could conceivably fall (without intense depression-level pain) is if the entire rest of the economy inflated such that housing was reasonable. Everyone would be making six figures, a gallon of gas would be $6, a loaf of bread over $10, but housing would be reasonable again.
I think people will be shocked by how little housing prices decrease if the startup economy experiences a downturn.
I think people will be shocked by how little housing prices decrease if the startup economy experiences a downturn.
Absolutely. Housing prices are like wages: very "sticky." Nobody wants to ever sell a house at a loss or drop their rent, so housing will sit idle on the market rather than take a write-down. The only way housing could conceivably fall (without intense depression-level pain) is if the entire rest of the economy inflated such that housing was reasonable. Everyone would be making six figures, a gallon of gas would be $…
Depends on how financially solvent you are to manage the upkeep (Principle, interest, prop tax, insurance) if your wages drop or you lose your job.
A great example would be the people who throw rocks at Google busses. Everyone on that buss can afford a car and would drive to work alone (maybe carpool) if they didn't have the busses to reduce congestion.
The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
Don't overestimate your importance. The world will move on without you.
One of the interesting side-effects of Sen. Fienstien's quest to keep high-rises out of San Francisco is that _all_ real estate is more expensive. There are many people here with similarly narrow ideas about how to protect what is "theirs." A great example would be the people who throw rocks at Google busses. Everyone on that buss can afford a car and would drive to work alone (maybe carpool) if they didn't have the…
The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.