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
#2Oakland 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.
Re: Uber shakes up real estate market with massive lease in Oakland
#3Oakland 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.
Because tech workers clearly fail to "contribute to the city's culture."
Re: Uber shakes up real estate market with massive lease in Oakland
#4Oakland 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.
And also build enough housing.
Re: Uber shakes up real estate market with massive lease in Oakland
#5Oakland 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.
Instead of controlling rents, wouldn't it be better to adopt a housing policy which increases supply for everyone? For example, the office space is projected to house 3000 employees in 2 years. Why not plan on building about 3000 housing units in that same time frame?
Re: Uber shakes up real estate market with massive lease in Oakland
#6Oakland 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.
Rent control is what led to the mess in SF. I sincerely hope that Oakland works to adopt sane housing policies.
Re: Uber shakes up real estate market with massive lease in Oakland
#7Oakland 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.
Instead of controlling rents, wouldn't it be better to adopt a housing policy which increases supply for everyone? For example, the office space is projected to house 3000 employees in 2 years. Why not plan on building about 3000 housing units in that same time frame?
Because that would decrease housing prices. What will happen is homeowners will talk about the need to keep Oakland's character, which is codeword for stopping development of housing to increase home values.
Re: Uber shakes up real estate market with massive lease in Oakland
#8[deleted]
Re: Uber shakes up real estate market with massive lease in Oakland
#9I'd heard this was going to be a Google office. Oh well.
I wonder how much "not driving over the fucking bridge" is worth to people. Uber salaries tend to be pretty good (partially to make up for the stock being so high), and they have a great team, plus are clearly on a rocket ship trajectory, and are easy to explain as a product to anyone.
Offering $150-250k cash, great overall packages, AND being able to buy or rent at almost-reasonable (i.e. 2011-2012 SF) levels is going to make them a really annoying competitor in hiring. Oakland for city people, the less-used Fremont to Oakland BART for the other people, or driving from places like Moraga for more rural people.
Re: Uber shakes up real estate market with massive lease in Oakland
#10Looks 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...