4 ms·
I'll say it: I want a correction. I don't believe that the VC-funded app economy is delivering. I dislike that SF and SV have a de facto monopoly on the US tech
by freyr 11y ago
I'll say it: I want a correction. I don't believe that the VC-funded app economy is delivering. I dislike that SF and SV have a de facto monopoly on the US tech sector, and to participate here I have to spend my entire paycheck to rent the shittiest apartment I've ever lived in. I would like for housing prices to go down, or I'd like a nudge to walk away from this place.
- jmckib 11y agoA huge economic downturn would decrease your rent, and probably your salary as well. A better solution would be for the city government of SF to stop restricting the housing supply.
- niccaluim 11y agoSF politics are about as likely to suddenly become reasonable as Yo is to turn a profit.
- ghaff 11y agoThere's a decent chunk of certain segments of the tech sector in the Bay area but saying they have a "de facto monopoly on the US tech sector" is overblown. There are plenty of tech jobs in many areas of the country (including but not limited to jobs with companies that are headquartered in Silicon Valley). Much of the Bay area has had expensive housing for decades. Even if there's a downturn that disproportionately hits SV startups, the impact on Bay area housing prices is probably going to be pretty minor in the grand scheme of things.
- ZanyProgrammer 11y agoEven several years ago rental prices were halfway sane. its not always been this bad. https://www.rentjungle.com/average-rent-in-sunnyvale-rent-trends/ https://www.rentjungle.com/average-rent-in-sunnyvale-rent-tr...
- alanwatts 11y agoWould you rather have a correction in the real estate bubble or the tech bubble?
- pc86 11y agoYou know, you are free to move to any of a list of cities with booming (or at least sufficiently breathing) tech industries and more realistic costs of living, in no particular order: - Austin - San Diego - Washington, DC - New York - Portland - Pretty much any state capital will have agencies with plenty of contract development work
- CuriouslyC 11y agoNew York, Washington DC and San Diego are all still expensive. Raleigh/Durham and Seattle are better options.
- pc86 11y agoMy point stands. Any city is better than SF in terms of cost of living, including the three you mentioned (I never said they weren't expensive, just less expensive).
- sre_ops 11y agoIf you think NYC is cheaper than SF you are really confused.