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Most of the startup jobs are in SF and the peninsula, not SV. Even employees of SV companies like Google, Facebook, and Apple choose to live in SF and commute t
by twblalock 10y ago
Most of the startup jobs are in SF and the peninsula, not SV. Even employees of SV companies like Google, Facebook, and Apple choose to live in SF and commute to the valley every day, which is why the tech shuttle buses exist. They certainly aren't saving money by living in SF -- they live there because they want to. It's just the trendiest place for young people to live in the Bay Area right now.
Palo Alto is a bit unrepresentative of SV. It has very high barriers to new housing. On the other hand, Sunnyvale, Santa Clara, and San Jose, which are much larger than Palo Alto, are building stuff everywhere. So is Redwood City, just to the north of Palo Alto, which has seen its downtown area completely transformed over the past few years.
The cities I mentioned are building a lot more housing than SF is building, even though they have fewer startup jobs, so it's hard to justify any accusations that they aren't doing their part.