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San Francisco Bubble

blog.larrold.com

391–393 of 393 posts

Re: San Francisco Bubble

#391

Money has been close to free for years. As the interest rate ticks up everything will change. It's already starting to. More expensive borrowing, less leverage, and better places to put dollars than venture. The one thing I really agree with though is the funny thing that happens here with the word "engineer". If you can make a website you somehow qualify for the title software engineer. By Bay Area standards, I myse…

> I've never written anything that lives in a real production environment You've never maintained a production app and you're getting offers as director of engineering?

Constantly. At least one a month. It's as strange to me as it is to you.

What's worse, the people interviewing me know even less than I do. The patchwork of bullshit runs deep in San Francisco.

Re: San Francisco Bubble

#392
post #78

Money has been close to free for years. As the interest rate ticks up everything will change. It's already starting to. More expensive borrowing, less leverage, and better places to put dollars than venture. The one thing I really agree with though is the funny thing that happens here with the word "engineer". If you can make a website you somehow qualify for the title software engineer. By Bay Area standards, I myse…

Tangent but: I doubt the rate raise will stick. They'll probably have to cut it again. I see a "planet Japan" scenario in which global central banks are zero-bound for decades, if not "forever". Rapid growth is over. There are no more frontiers and birth rates are stabilizing. From an ecological point of view the stabilization of birth rates is good, but it basically breaks all the economic assumptions of the past 25…

I appreciate this tangent. There's a lot in here, and well reasoned. slowclap

Re: San Francisco Bubble

#393

Earlier quoted context omitted.

Im thinkning of moving to München, this might be another reason too. A Heiniken 33cl beer in Stockholm costs around 12 USD if you are at a nightclub, otherwise around 10 USD.

> otherwise around 10 USD wat? it's 1.5$ actually http://www.systembolaget.se/dryck/ol/heineken-153603

Sorry, I meant at a pub or a bar.
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