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The real solution is to entice global companies like Google and Facebook to start building employment centers in areas like the Midwest. Having so many rich en
by pfarnsworth 10y ago
The real solution is to entice global companies like Google and Facebook to start building employment centers in areas like the Midwest. Having so many rich engineers competing for the same houses is what is causing prices to skyrocket. There's no excuse for contemporary companies to keep pouring more and more money into the Bay Area, when they could easily work remote.
Divert the demand to other geographic locations, and then you'll see the supply loosen and prices soften.
- twblalock 10y ago> The real solution is to entice global companies like Google and Facebook to start building employment centers in areas like the Midwest. Why should they do that when the best engineers want to live in the Bay Area? The talent can come to them.
- brutus1213 10y agoI know many engineers at those companies. After a baby or two, everyone starts complaining about crazy home prices.
- twblalock 10y agoEveryone complains, but few actually leave, and there are many more willing to move to the Bay Area to replace those who do leave. The major tech companies aren't stupid. If they could benefit significantly by opening offices in the midwest or anywhere else they don't currently have offices, they would have done it by now.
- brutus1213 10y ago"aren't stupid" .. agreed to some extent. But I don't buy the no talent outside the bay area theory. Wonder if something else is afoot. I'll give you an anecdote .. Google has an engineering office in Waterloo and Amazon has one in Toronto. Both have quite a few former expats who wanted to be closer to their Canadian families. There is demand.