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TL;DR: The investments are moving from the city proper to South Bay over the last 2-3 years. Mostly a good writeup backed by sufficient data points. If I may a
by ultimoo 9y ago
TL;DR: The investments are moving from the city proper to South Bay over the last 2-3 years. Mostly a good writeup backed by sufficient data points.
If I may anecdotally share my observations, of the handful of people that I personally know who have founded Startups in 2016 and 2017 -- all of them are in their late 30s, and have dependents (spouse, children, pets). All of them currently live on the peninsula or in the south bay, even if at some point in the past most of them lived in the city.
It is increasingly getting harder and harder to justify the costs of living in the city in view of the small livable space that your apartment gets you. Add to that a lousy school system, a never-ending homeless problem, and an incompetent MTA. Living in Palo Alto, Menlo Park, or Mtv. mitigates most of these flaws while retaining all the upside of being in the bay area.
- deleted 9y ago[deleted]
- santaclaus 9y ago> It is increasingly getting harder and harder to justify the costs of living in the city Palo Alto, Menlo Park, or Mtv are hella expensive too, and you need a car.
- colbyh 9y agoThose places are all just as, if not more, expensive than SF and come with their own challenges as well. The school systems in the peninsula are fantastic though, and for most families that trade-off alone is probably worth it.
- NotQuantum 9y agoMenlo Park and Palo Alto, sure. But MTV, Sunnyvale and San Jose are still pretty cheap. (relatively)
- bitcrusher 9y agoExcuse me, but I believe you are very much mistaken. Those places are as much or MORE expensive than most places on the peninsula... In fact, the reality is that prices have almost normalized across all of the cities from SF to Los Gatos. It is becoming increasingly hostile to any new arrivals as the barrier of entry is skyrocketing to the point of being out of reach even for "rich" people.
- NotQuantum 9y agoMenlo Park and Palo Alto, sure. But MTV, Sunnyvale and San Jose are still pretty cheap. (relatively)
- amyjess 9y agoDidn't Silicon Valley _start_ in the South Bay? Sounds like things are just moving back to where they started. In the long run, SF was just a passing fad I guess.
- jdavis703 9y agoThe average house in Palo Alto is well over a million dollars. Despite popular opinion, the rank and file staff in tech companies can't afford this. I'm a software engineer and can barely afford to rent in Oakland...
- trimbo 9y ago> Add to that a lousy school system We've had a reasonable experience in SFUSD. It seems like most parents are pretty happy with the quality of education, and many schools are highly rated (by third parties). The problem with SFUSD is the horrendous lottery system. This is what drives people away. They are now messing with the "funnel" plan they had set up for middle schools (no lottery for middle school, based on where you went to elementary). This has pushed at least two families I know off into private schools just in the past couple months.