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I think that SV has probably been in recession for the last few quarters judging from some friends I have who have been interviewing. Everyone is interviewing l
by jordanb 11y ago
I think that SV has probably been in recession for the last few quarters judging from some friends I have who have been interviewing. Everyone is interviewing like crazy but few are hiring.
- shiftpgdn 11y agoI've noticed a (perceived) spike in the number of foreclosures in SF on Zillow as well over the last 6 months.
- ModernMech 11y agoI'd say in the last 6 months, for sale signs have gone up all over my neighborhood in SF. There are at least 3 on my block alone. Despite this, there is a 3 bedroom apartment two doors down from me that is asking for $10,000 a month rent, $30,000 due at lease signing.
- dmode 11y agoHa ha. You think SV is in recession because few friends of you are interviewing. SV has ~3% unemployment rate, continuing increase in house prices, billions of dollars in VC funding, ever expanding job market etc. I just sold my home last month in a span of one weekend. I had 400 people show up for the open house and received 15 bids. The highest one was 50K over asking, with 50% down.