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Companies that extract advertising and other revenue from around the world, like Google, Facebook, LinkedIn, etc, should create job centers outside of the Bay A
by pfarnsworth 10y ago
Companies that extract advertising and other revenue from around the world, like Google, Facebook, LinkedIn, etc, should create job centers outside of the Bay Area.
This is the only way that house prices will moderate, is if these globally significant companies spread their distribution of money around the country/world. There's too much concentration of money flowing into the Bay Area in terms of revenues, and that is creating this hyper-inflation that we see here.
My house value when up by 60% in 2 years. I can sell it for almost $2 million if I wanted to, which I don't. I keep thinking it's not sustainable, until I hear the offers that people get from these companies. Google offered one of my friend $160k + 400k in RSUs, and Facebook offered another one $180k and $500k in RSUs. That's well over $1M over 4 years for both. Of course salaries like this will cause hyper-inflation in this area.
- muzz 10y agoIf it made economic sense for them to create job centers outside of the Bay Area, they would. This gives one an idea of just how great the economic advantage of locating in the Bay Area is.