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> You want to start a company? Go somewhere else. Be a part of the solution, not part of the problem. We can agree to disagree. I just hope that the people th

> You want to start a company? Go somewhere else. Be a part of the solution, not part of the problem. We can agree to disagree. I just hope that the people that really believe in the merits of San Francisco, believes in its future and does not want to leave will work with me to make it more affordable for everyone.

pfarnsworth 8y ago
You blame home owners and Prop 13 for causing skyrocketing house prices, meanwhile homeowners and Prop 13 have always been here for decades with not too much inflation. Meanwhile, tech in SF has been a recent phenomenon, and correlates perfectly to when housing prices started going crazy. In 2007/2008 I was renting a 1 bedroom apartment in SF for $1700/month. High, but not toxic. Now that same one has doubled. I've been here 20+ years and I've never seen the housing market like I have in the last 7 years. Look at the stock market of FANGs since Jan 2011. Google has gone up 8x including splits. Amazon is up 11x. Facebook is up 6x since IPO. Netflix is up 15x. Apple is up 28x (including 7:1 split). Even legacy companies like eBay are up 7x. Microsoft is up 6x. There are a lot of regular employees who are extremely wealthy of the last several years. They are driving up the prices everywhere for housing. There is an insatiable amount of inordinantly rich tech workers that are ruining it for everyone. I'm one of them as well. So are you. If you really want to do the right thing, go to the Midwest like Kansas City, with a good university and great fiber infrastructure. Or go to Detroit. But you won't because similar to NIMBYs, you're a "Not for my Startup" mentality thinks you need to be in SF to become a billionaire. Then you're part of the problem.
- drdeadringer 8y ago
  I actually am curious on this: What would you do if you had "the start-up dream", move as you prescribe to the parent comment or stay and "be part of the problem"?

pfarnsworth 8y ago

You blame home owners and Prop 13 for causing skyrocketing house prices, meanwhile homeowners and Prop 13 have always been here for decades with not too much inflation. Meanwhile, tech in SF has been a recent phenomenon, and correlates perfectly to when housing prices started going crazy. In 2007/2008 I was renting a 1 bedroom apartment in SF for $1700/month. High, but not toxic. Now that same one has doubled. I've been here 20+ years and I've never seen the housing market like I have in the last 7 years. Look at the stock market of FANGs since Jan 2011. Google has gone up 8x including splits. Amazon is up 11x. Facebook is up 6x since IPO. Netflix is up 15x. Apple is up 28x (including 7:1 split). Even legacy companies like eBay are up 7x. Microsoft is up 6x. There are a lot of regular employees who are extremely wealthy of the last several years. They are driving up the prices everywhere for housing. There is an insatiable amount of inordinantly rich tech workers that are ruining it for everyone. I'm one of them as well. So are you. If you really want to do the right thing, go to the Midwest like Kansas City, with a good university and great fiber infrastructure. Or go to Detroit. But you won't because similar to NIMBYs, you're a "Not for my Startup" mentality thinks you need to be in SF to become a billionaire. Then you're part of the problem.

drdeadringer 8y ago
I actually am curious on this: What would you do if you had "the start-up dream", move as you prescribe to the parent comment or stay and "be part of the problem"?