4 ms·
> I can't see that changing unless the entire industry shifts. As someone who lived in the Bay during the dotcom-bust, it's not that hard to see the cost of li
by thephyber 9y ago
> I can't see that changing unless the entire industry shifts.
As someone who lived in the Bay during the dotcom-bust, it's not that hard to see the cost of living thing adjust. It will never be as cheap as exurbs in Illinois, but a few turns of the immigration regulation knobs by a white house administration and the housing market will correct pretty quick.
- dragonwriter 9y ago> As someone who lived in the Bay during the dotcom-bust, it's not that hard to see the cost of living thing adjust. IIRC, prices in SF and other Bay Area core communities in the bust and subsequent recession briefly levelled off in national inflation-adjusted terms, then quickly returned to escalation; I remember it being specifically noted that SF prices did not drop, despite incomes dropping.
- jrnichols 9y agoI remember that as well. The Bay Area housing market (rentals included) seemed to do just fine, and I quickly found myself being priced out of the area in a fairly short amount of time.