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Stripe to move to South San Francisco

sfchronicle.com

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Re: Stripe to move to South San Francisco

#121

Post by inferiorhuman »

thordenmark wrote: post #94
dmode wrote: post #62

As someone who has worked in South SF for years, it is pretty bad for employees. It is a cultural wasteland with few restaurants or interesting things to do. Transit is also poor as both BART and Caltrain are in awkward locations. And the fog is worse. This will be like Uber’s move to Oakland, which got rolled back pretty quickly

North of the GG Bridge has great restaurants and plenty to do. More tech companies should move up there, I don't understand why they usually go south of SF. Also, real estate can be found that are still within a range middle class can afford.

North of the GG Bridge has great restaurants and plenty to do.

Thanks, I needed the laugh.

Also, real estate can be found that are still within a range middle class can afford.

Compared to what? A tear down in (an OK part of) San Rafael went for around $800,000 a few months ago. Marin is consistently one of the most expensive counties in the Bay Area and there's relatively little public transit and bridge toll to contend with. Marin is also strongly anti-development.

Re: Stripe to move to South San Francisco

#122

Post by inferiorhuman »

derekdahmer wrote: post #102
thordenmark wrote: post #94

Earlier quoted context omitted.

North of the GG Bridge has great restaurants and plenty to do. More tech companies should move up there, I don't understand why they usually go south of SF. Also, real estate can be found that are still within a range middle class can afford.

Marin is over an hour away by bus from SF, with no train or BART. Basically to work in Marin you have to live in Marin, so any company that moved there wouldn't be taking advantage of the SF/South Bay labor market.

Marin is over an hour away by bus from SF, with no train or BART. Basically to work in Marin you have to live in Marin, so any company that moved there wouldn't be taking advantage of the SF/South Bay labor market.

You're looking at closer to three hours depending on where you're coming from. There is a ferry from Larkspur but transit connectivity and parking are limited. The Tiburon and Sausalito ferries are worse.

Re: Stripe to move to South San Francisco

#123

Post by inferiorhuman »

x0x0 wrote: post #31
chipotle_coyote wrote: post #17

Earlier quoted context omitted.

I'd agree with it being bad for the quality of life, but eliminates is a bit of an exaggeration. It makes it more difficult, to be sure, but there's a BART station in South San Francisco and a free shuttle that runs between there and Oyster Point. For anyone coming up from the Peninsula or the South Bay, though, this might be a commuting improvement. Of course, the big difference is that Stripe's current office is at…

Do you ride Bart? You're going from a local commute to bart -> walking to the office, to a local commute to bart -> going to a station that is skipped by 3/4 of bart lines (ie requires an xfer for Antioch, Pleasanton, or Fremont) -> a shitty bus. NB: Bart is ass and generally is too incompetent to align train and bus schedules. This adds probably at least 45 minutes each way for anyone coming from SF or East Bay loca…

Do you ride Bart?

How do you think most East Bay commuters are getting to San Francisco?

Re: Stripe to move to South San Francisco

#124

Post by harimau777 »

masahiko wrote: post #81
dmode wrote: post #62

As someone who has worked in South SF for years, it is pretty bad for employees. It is a cultural wasteland with few restaurants or interesting things to do. Transit is also poor as both BART and Caltrain are in awkward locations. And the fog is worse. This will be like Uber’s move to Oakland, which got rolled back pretty quickly

Fog is worse than where? I work in SSF as well... A) its where businesses like Stripe should be in the coming years (it wont be creative, it'll be internet infrastructure) B) there is a ferry to Oakland (to help alleviate the absurd traffic jams over the bay bridge) and C) bring some variety (right now SSF is all pharma and med device) into SSF. There is no reason why SSF couldn't be a thriving, cool place to live an…

Is SSF still a large city in terms of cost of living and owning a home?

Personally, by living in a large city I'm giving up the ability to own a home in exchange for access to niche resources such as ethnic enclaves, bohemian artist communities, cultural events, groups dedicated to uncommon hobbies, etc. Just having trendy restaurants and coffee shops wouldn't do it for me.

Re: Stripe to move to South San Francisco

#125

Post by pentae »

cjlars wrote: post #5

Articles misses that this is in response to SF's gross receipts tax. Payment processing is an ultra low margin business, no way they can compete while paying ~1% of revenues to the city.

Exactly, 1% is half or possibly all of their margin. They would have been crazy NOT to go.

Re: Stripe to move to South San Francisco

#126

Post by kennydude »

dmode wrote: post #62

As someone who has worked in South SF for years, it is pretty bad for employees. It is a cultural wasteland with few restaurants or interesting things to do. Transit is also poor as both BART and Caltrain are in awkward locations. And the fog is worse. This will be like Uber’s move to Oakland, which got rolled back pretty quickly

Maybe someone as large as Stripe can help bring money into the area and fix some of those problems?

Re: Stripe to move to South San Francisco

#127

Post by austhrow743 »

abalone wrote: post #117
Decade wrote: post #67

What a completely unexpected consequence of the restrictions on office space, spearheaded by John Elberling of TODCO. /s He is now trying to make office space even more restricted, and his allies are working to reduce office space alternatively by raising the fees on office construction. https://www.sfchronicle.com/business/article/SF-Mayor-SoMa-n... https://www.bizjournals.com/sanfrancisco/news/2019/10/22/sf-... (Mo…

> working to reduce office space That's a rather uncharitable characterization. SF is just trying to tie jobs to adequate housing construction. We already have way too few houses, especially low-income housing.[1] Which is what makes Stripe's move here particularly low integrity: they'll have all the housing impact on SF without paying any of the corporate taxes. From your own source: "A separate economic feasibility…

>SF is just trying to tie jobs to adequate housing construction

If that was the case wouldn't a tax by number of employees be what to push through?

Re: Stripe to move to South San Francisco

#128

Post by rayiner »

baby wrote: post #85
henrikschroder wrote: post #53

Earlier quoted context omitted.

> But people just kept screaming that he didn't care about homeless JFC, it's not because of a lack of money that SF has a problem with homeless people, and it's not that more money would make the problem magically go away.

It’s a national issue and SF is a symptom. Instead of pushing for healthcare, housing, more aids, and so on, people are just blaming it on mental health.

It’s not “national issue.” Aid and housing are local issues. San Francisco and California in general have much worse homelessness problems than many other places in the country. (For example, Mississippi has one of the lowest homelessness rates in the country.)

Re: Stripe to move to South San Francisco

#129

Post by nindalf »

abalone wrote: post #117
Decade wrote: post #67

What a completely unexpected consequence of the restrictions on office space, spearheaded by John Elberling of TODCO. /s He is now trying to make office space even more restricted, and his allies are working to reduce office space alternatively by raising the fees on office construction. https://www.sfchronicle.com/business/article/SF-Mayor-SoMa-n... https://www.bizjournals.com/sanfrancisco/news/2019/10/22/sf-... (Mo…

> working to reduce office space That's a rather uncharitable characterization. SF is just trying to tie jobs to adequate housing construction. We already have way too few houses, especially low-income housing.[1] Which is what makes Stripe's move here particularly low integrity: they'll have all the housing impact on SF without paying any of the corporate taxes. From your own source: "A separate economic feasibility…

> SF is just trying to tie jobs to adequate housing construction

And also making the assumption that only people who work in San Fransisco will live in San Fransisco? Because those Stripe employees who live in SF right now are likely not going to change their apartments. They'll continue living where they are, except now SF now longer benefits from the taxes that Stripe would otherwise have paid.

Re: Stripe to move to South San Francisco

#130

Post by [deleted] »

rland wrote: post #92
baby wrote: post #82

These days I was thinking about San Francisco and wondering how it had come to that. There’s so much demand, so many people want to move to SF, yet its population has barely moved in the last decade. Why is that? If anything had gone right, SF should be a HK-like dystopian city filled with electronics and high-tech. But instead we have a horizontally limited place, that is filled with homeless and restricts new advan…

I suspect that they're paying a dear price for it. The growth that would have contributed to a HK-like metropolis has been displaced to everywhere else: Seattle, Austin, Boulder, LA/NYC, etc.

[deleted]
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