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haha, but what if it doesn't pop and we see something like Japan's economy from the early 90's on? High prices that never come down, combined with wage stagnati
by mylons 8y ago
haha, but what if it doesn't pop and we see something like Japan's economy from the early 90's on? High prices that never come down, combined with wage stagnation? We're kind of already seeing it now.
- vkou 8y agoYou can then move to a flyover state in the mid-west, and buy a palace for the $100,000/year you were stashing away.
- gnarbarian 8y agoThis is the future. Silicon valley rent problems are a network optimization problem best solved by pushing resources to the edge of the graph.
- Clubber 8y agoYa it has to be. We have so many square miles of underutilized cheap land between the costs it's crazy. The federal government owns around 60-90% of the land in the western states too. If only there was a way to communicate without being face to face.
- 0x445442 8y agoEspecially with the type of technical work that's so predominate on the west coast. A lot of that work could be moved to cheaper interior parts of the country.
- vkou 8y agoYet for some reason tech giants insist on building more opulent, centralized megaoffices in unaffordable areas. Perhaps it is because they do not bear the brunt of these costs.
- nradov 8y agoOne reason is that the executives who make the decisions on office locations can easily afford to live nearby. And most of them prefer to live in fashionable areas.
- beebmam 8y agoJapanese real estate has been in a hole for a long time. It's significantly cheaper to live in Tokyo than in a major US city now.
- stale2002 8y agoWages have to stagnate for a whole long time for our 200k+ salaries to lose their value. I'll worry about that in 10 years if that happens. Plenty of time.