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Yup. I've always found it so bizarre that NIMBYs feel entitled to a neighborhood that remains exactly as it was when they bought their home. Is it reasonable to
by ghobs91 8y ago
Yup. I've always found it so bizarre that NIMBYs feel entitled to a neighborhood that remains exactly as it was when they bought their home. Is it reasonable to expect a 10 year old car to operate the same as the day you bought it?
It's especially absurd since we're talking about a global, dynamic city, not some small rural town. Can you imagine if 1900s NYC had the NIMBY culture of present day SF? It would've severely choked its growth.
SF's saving grace is its VC ecosystem and network effect between existing talent. You can barely even say they have a monopoly on talent pool, since the ivy leagues and many other top schools are nowhere near SF. These factors are gradually growing in other cities, and the bay area will get to a point where the cost of living will turn it into just another city. They've essentially created one of the worlds largest funnels of money into landlords pockets. So much wasted capital.
This isn't like the finance stronghold in NY or entertainment in LA, tech companies are involved in every industry, and don't need to be in SF to thrive.
- Kalium 8y agoCalifornia's property tax system, and often hyper-local control over planning, encourages the idea that once you buy an area is frozen in time.
- newnewpdro 8y ago> Is it reasonable to expect a 10 year old car to operate the same as the day you bought it? Poor choice of analogy, with proper maintenance this is perfectly reasonable and fairly trivial to achieve.
- muzz 8y agoYet it seems that these industries are "moving" ie virtually to the Bay Area when they are being technologized. Hotels -> AirBnb Taxis -> Uber/Lyft Automobiles -> Tesla Video distribution -> Netflix Tech in the Bay Area is expanding its footprint, not reducing it.
- almost_usual 8y ago>SF's saving grace is its VC ecosystem and network effect between existing talent. And pretty much perfect year long weather matched with world class outdoor activities within driving distance. I don't think the cost of housing in the Bay Area is going down anytime soon. People figured out it's a desirable place to live and are willing to spend more to live there.