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So to summarize: people are willing to pay higher rents and get lower salaries (relative to prices) for "career security" (instead of job security), nice weathe
by someguydave 10y ago
So to summarize: people are willing to pay higher rents and get lower salaries (relative to prices) for "career security" (instead of job security), nice weather, the amenity of living near people who fund startups, and the company of those who would choose the same.
- twblalock 10y agoThose are very big advantages. Asking why software engineers would want to live in the Bay Area is like asking why investment bankers would want to live in New York City or London. There is just such a critical mass of activity and connections that one would miss out on anywhere else.
- someguydave 10y agoThose "big advantages" also come at a steep cost - somewhere between $10-100k per year for a family compared to similar conditions available elsewhere.