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Do you realize how long of a timespan 20 years is? 20 years ago is 1998, i.e. before the internet revolution and the first bubble! What are the numbers for th
by dunpeal 8y ago
Do you realize how long of a timespan 20 years is?
20 years ago is 1998, i.e. before the internet revolution and the first bubble!
What are the numbers for the past 5 years? That's way more relevant.
> They've gone up about 20% in the last _three_ years, in SF.
How much did cost of living rise in SF during that time?
- adventured 8y ago20 years is plainly a long time ago for any professional in tech. Your time frames aren't correct though. The Web/Internet revolution ignited in 1994 with Netscape. The dotcom bubble started in August 1995 with the Netscape IPO. By September 1998 (20 years ago), it was already 3/4 of the way to peak bubble and everything was already very crazy. 1998 was prime Internet revolution (also the year Google was founded). The Nasdaq climbed 100% over two years, first hitting 2,000 in mid 1998. The dotcom mania topped out in late 1999, the market topped out shortly thereafter.
- dunpeal 8y agoFair points, but my key argument regarding the timeframe was that it was merely the dawn of the modern tech industry. Things were just getting really started. The entire FAANG group was either in its infancy or wasn't founded at all (Facefook was only founded in 2,004, for example). The sustainable, profitable tech industry we know today was just getting started back then.
- sulam 8y agoIntel. Microsoft. Apple. The PC Manufacturers. The sustainable, profitable tech industry existed then, it just wasn't Internet-related (mostly). We all have the "optical illusion" that things started once we were around to perceive them. They usually go further back than that.
- woolvalley 8y agoTotal comp has gone up about %25 in new offers in the past 3 years. Rent has been about stable in the past 3 years in SF.