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Uber shakes up real estate market with massive lease in Oakland

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Re: Uber shakes up real estate market with massive lease in Oakland

#91

Listen. Pandora is two blocks away, so I can say it: this is a bad move for Uber. * Oakland isn't cool anymore. We were here before it was cool. And we are barely cool. * Attrition is terrible. Coworkers either get shot or are poached by Clorox. I heard we lost a Glass developer to the dock worker's union. * Mass transit at that particular location is astounding: the free green bus, the ferry, BART, an AC transit hub…

Reminds me of my two favorite bumper stickers:

If you love Kauai, send your friends to Maui.

and

Surfing sucks, don't try it!

Re: Uber shakes up real estate market with massive lease in Oakland

#92

I saw teo people shot not far from here, the windows of Obama's campaign HQ smashed in with hammers down the street, and a homeless man crap on the steps of city hall in broad daylight. Welcome to Oakland Uber.

Eh, sounds like Venice.

Re: Uber shakes up real estate market with massive lease in Oakland

#93
post #80
post #78

Earlier quoted context omitted.

> faces brutal competition globally There is no competition to Uber in Toronto. It's so cheap and accessible it's almost competing with public transit at this point.

They are facing a ton of competition in their 3 largest markets. USA (Lyft 1bn+ funding), China (Didi 3bn+ funding) & Ola (couple 100mm's).

plus the impending lawsuits for wrongly classifying their employees as contractors... thats going to take years to play out and could hit their profitability really hard.

Re: Uber shakes up real estate market with massive lease in Oakland

#94

I saw teo people shot not far from here, the windows of Obama's campaign HQ smashed in with hammers down the street, and a homeless man crap on the steps of city hall in broad daylight. Welcome to Oakland Uber.

No difference from just around the corner of the Twitter building. This isn't a homeless man crapping problem, it's an insufficient bathroom infrastructure problem, and yes most mid to large size American cities have it. Which is exacerbated by laxative type drugs. 'Hello Alcohol, Hello Heroin, I'm talking to you two.'

While this line of thought may make you feel better about living in SF, it's just not true. Having been and lived in a number of mid-to-large sized American cities, I can honestly state that SF is by far the most urine and feces covered.

If you want to see someone defecate in public, SF would be by far the #1 place to visit. You're unlikely to see that behavior tolerated in NY, Chicago, KC, Vancouver, Seattle, Portland, Sacramento, Phoenix, Denver, or any other city you'd care to mention.

Re: Uber shakes up real estate market with massive lease in Oakland

#95
post #80
post #78

Earlier quoted context omitted.

> faces brutal competition globally There is no competition to Uber in Toronto. It's so cheap and accessible it's almost competing with public transit at this point.

They are facing a ton of competition in their 3 largest markets. USA (Lyft 1bn+ funding), China (Didi 3bn+ funding) & Ola (couple 100mm's).

Ola?

Re: Uber shakes up real estate market with massive lease in Oakland

#96
post #78

Earlier quoted context omitted.

Not sure if a $40B company that generates staggering losses and faces brutal competition globally can be considered a rocketship any more ...

> faces brutal competition globally There is no competition to Uber in Toronto. It's so cheap and accessible it's almost competing with public transit at this point.

That isn't exactly a counter to the OP's point. Just because they don't have competition in one global location does not mean they do not have global competition.

Re: Uber shakes up real estate market with massive lease in Oakland

#97
post #41
post #29

This is in addition to their new giant HQ in SF? Uber has an awful lot of overhead for a taxi company. [1] http://techcrunch.com/2015/05/28/uber-new-hq/

No no they aren't a taxi company. They are a marketplace that matches people selling space in their car with people who need space in a car. Until they get their self driving cars, and then the are a transportation and logistics company. But they definitely aren't a taxi company

You've just described every taxi dispatcher on the planet, modulo a couple of rounding errors about medallions.

Re: Uber shakes up real estate market with massive lease in Oakland

#98
post #51

Oakland is already an attractive new location for tech companies. It is my sincerest hope that the policy-makers in Oakland see what happened in SF with housing, and are proactive in controlling rent to avoid displacing low-income people and most importantly, the people who contribute to the city's culture.

I do not understand the rationale, a government program fails disastrously creating literally the opposite effect desired. And the suggestion is to have _more_ of said program?

You must understand that government is the opposite of a typical business. For example, NASA's space shuttle unexpectedly blows up, so congress immediately gives them a bunch more money under the rationale that they failed because they are "underfunded". If a business faced the same failure, they would lose business, their stock prices would fall down and they would have to work hard to persuade their customers that they had a mistake but they are fixing the problem.

Just do a cursory search for the word "underfunded" in an article describing some government agency's failures and you will see this argument is quite common. There are countless examples.

Re: Uber shakes up real estate market with massive lease in Oakland

#99
post #96
post #78

Earlier quoted context omitted.

> faces brutal competition globally There is no competition to Uber in Toronto. It's so cheap and accessible it's almost competing with public transit at this point.

That isn't exactly a counter to the OP's point. Just because they don't have competition in one global location does not mean they do not have global competition.

Depends on your interpretation of the word globally. I took it to mean 'everywhere' or 'pertaining to the whole world' like 'global variable'.

Re: Uber shakes up real estate market with massive lease in Oakland

#100
post #68
post #10

Looks like the VC's are spearheading the move to Oakland. Chamath Palihapitaya from Social + Capital is planning a developers village apartment complex in Oakland with the goal of luring more Midwest coders to the West coast. http://techcrunch.com/2015/09/17/chamath-palihapitaya-on-ins...

Seems overly optimistic to think that anyone from the midwest would be dumb enough to think that $80k was a livable salary for that area even in Oakland.

80k would be fairly bearable if you live walking distance/didn't have a car, and paid $2k rent.
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