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San Francisco Tech Firms See Workers Flee from $4,500 Rents

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341–350 of 542 posts

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#341
post #186

Earlier quoted context omitted.

"a well-governed San Francisco could have positioned itself as the next NYC. The hub where all of tech gathers, the same way all of finance gathered in Wall St. Replace the 70 year old 2-storey homes with Manhattan style apartment buildings, and rent in San Francisco would have remained very reasonable, despite the rapid economic growth. This would have prevented exactly this problem where tech workers are forced to…

I've thought about that, but as far as I can tell, it means about $10-$15k of equipment and a dedicated work room. I need a mobile-connected "smart" whiteboard for every team member, a good microphone, webcam, speakers, a separate computer + monitor devoted to video conferencing, and a team that is geographically dispersed rather than partially-colocated. ...and hopefully, everyone has first class redundant internet,…

Funny story... A lot of places have more reliable internet than the bay area.

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#342
post #213

Earlier quoted context omitted.

Sorry if this is off-topic (and maybe a bit personal), but as a recent graduate, I'm not sure what I would do with all that extra money. What do you (or most people) generally spend it on? I make less than that, but if I didn't have student loans, I wouldn't know what to do with it besides leave it in the bank.

If you're not already married, you should be using it to date. College is hands-down the best place to find a significant other. Once you've graduated, the social life you took for granted quickly fades away and finding people to spend time with and then actually spending time with them becomes vastly more difficult. If you're a cisgendered male, it can be absolutely brutal. Cisgendered female, much less so but still…

And if you're not cisgendered it can be even worse...

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#343
post #111

It's hard to overstate the impact this is going to have on San Francisco, long-term. As Technology becomes the most important industry in America, a well-governed San Francisco could have positioned itself as the next NYC. The hub where all of tech gathers, the same way all of finance gathered in Wall St. Replace the 70 year old 2-storey homes with Manhattan style apartment buildings, and rent in San Francisco would…

The idea that in-fill development could have possibly made a drastic change in rents in San Francisco is genuinely crazy . I see people making that claim all the time, and it's madness, guys. Even if literally every density-increasing project was rubber-stamped with zero money or time cost, how many housing units do you think that this city could possibly have added in the last fifteen years? Unless you're proposing…

>The idea that in-fill development could have possibly made a drastic change in rents in San Francisco is genuinely crazy.

this meme has reached seattle as well.

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#344
post #186

Earlier quoted context omitted.

"a well-governed San Francisco could have positioned itself as the next NYC. The hub where all of tech gathers, the same way all of finance gathered in Wall St. Replace the 70 year old 2-storey homes with Manhattan style apartment buildings, and rent in San Francisco would have remained very reasonable, despite the rapid economic growth. This would have prevented exactly this problem where tech workers are forced to…

The fact that everything closed so early blew me away, when I moved there. Compared to the middle of nowhere WV it made zero sense. Even the grocery stores closed by midnight in SF. In WV, you can find food at most places until 12-1am 7 days a week. And the major local grocery is a Walmart, which is open 24 hours. Last Easter I had no clue nothing would be open, and didn't prepare for that. So I just had some crap pi…

Safeway is open near 24/7, some close at ~midnight, but that's pretty good. There are also tons of little convenience stores/bodegas that stay open relatively late.

That said, nightlife closing at 2AM is a plus and a minus. I kind of like there being a defined end to the evening, I'd rather not stay out too too late and this way I don't have to be the party pooper :)

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#345

Earlier quoted context omitted.

They go into higher-density buildings, just like everybody else. That, or nothing changes and they get priced out. Those are the options.

Except higher-density buildings still equally price people out. There's no such thing as new urban apartments/condos that are cheaper than the houses they replaced. A 500k house never gets torn down to become 3 400k condos. It becomes 3 600-800+k condos. We should build more, because we need it. But "build more" can't be the only tool to lower prices, because simple observation shows us that it doesn't work.

No, quite the opposite. A 500k house becomes 12 $250k 1000sqft condos is the actual math in SFH -> highrise conversion.

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#346
post #234

Earlier quoted context omitted.

The fact that everything closed so early blew me away, when I moved there. Compared to the middle of nowhere WV it made zero sense. Even the grocery stores closed by midnight in SF. In WV, you can find food at most places until 12-1am 7 days a week. And the major local grocery is a Walmart, which is open 24 hours. Last Easter I had no clue nothing would be open, and didn't prepare for that. So I just had some crap pi…

I still to this day argue that by a significant margin, the best thing about living in Vegas was the everything goes 24-hour lifestyle where you can literally do or eat anything you want 24/365.

Just so long as you ignore the colossal waste of water and other resources needed to run a city in the middle of a desert with no real reason to exist.

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#347
post #50

Earlier quoted context omitted.

Some algorithms require additional temporary space. Other algorithms can modify a data structure in place. Some data structures are very loosely spaced in memory as it is, and adding existing nodes is just about using up more of the existing memory capacity. Cities have been able to grow for centuries. The only thing stopping them from growing are zoning and restrictions prohibiting additional homes being built.

The tech industry in the Bay area has a large chunk of the population and a near infinite amount of money, and therefore near infinite political power. Blaming political systems seems a little...backward.

No it's not. Tech industry workers are minority and some of the NIMBYs are tech workers on top of that.

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#348
post #111

It's hard to overstate the impact this is going to have on San Francisco, long-term. As Technology becomes the most important industry in America, a well-governed San Francisco could have positioned itself as the next NYC. The hub where all of tech gathers, the same way all of finance gathered in Wall St. Replace the 70 year old 2-storey homes with Manhattan style apartment buildings, and rent in San Francisco would…

The idea that in-fill development could have possibly made a drastic change in rents in San Francisco is genuinely crazy . I see people making that claim all the time, and it's madness, guys. Even if literally every density-increasing project was rubber-stamped with zero money or time cost, how many housing units do you think that this city could possibly have added in the last fifteen years? Unless you're proposing…

In a system where it's easy to build new housing, you don't need eminent domain. The developer simply buys two-storey homes for much more than they're worth as houses.

You also don't need to limit yourself to the existing local developers with political connections. Construction workers from all over the world could move here, just like software people do.

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#349

Earlier quoted context omitted.

Where in WV? I can't find food after 10pm.

Lewisburg, it means getting fast food or going to a tavern, but the choices are more than I had in the peninsula. Morgantown also has late hours in my experience, though you might have to walk to High St.

The Irish Pub?

Re: San Francisco Tech Firms See Workers Flee from $4,500 Rents

#350
It's worth mentioning: This isn't just causing people to flee. It's actively repelling people from moving there.

(Personally, I've turned down job offers for ~2x what I make now just so I don't have to endure today's rent prices, which I anticipate are only going to increase.)

If you're in SF and you want better access to talent, consider a distributed team instead of expecting everyone to move to SF.

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