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SF Bay Area gets so expensive that even financial giants gets gentrified.

toomuchtodo 7y ago
Rational economic actors going to act. Why be in SF just for the novelty if you can go somewhere cheaper. Disclaimer: Schwab customer
- api 7y ago
  Novelty? Quite a lot of that has been driven out already.
  - deleted 7y ago
    [deleted]
  - zer00eyz 7y ago
    If you are a broker you go to NYC, banking is London, commodities is Chicago, electronics is Shenzhen.... You come to the bay FOR tech, and for A-team tech at that. There simply isn't any other place on the planet for you to go if you want to be with, and work with the best.
    - toomuchtodo 7y ago
      Turns out a lot of businesses don't need A-team tech though.
lykr0n 7y ago
I would be curious to see the ROI for someone like Schwab for staying in the Bay Area. Does the reduce capital costs of people, taxes, and buildings outweigh the talent pool in the area? Makes me wonder what the numbers look like.
- undefined3840 7y ago
  Schwab isn’t exactly competing for the “tech” talent pool so there isn’t anything particularly special about staying in SF vs elsewhere for them.
  - lykr0n 7y ago
    Why not? Billions in assets. Automated investment and market prediction projects. Extremely well built Web UI- you can tell they're hiring industry UI/UX people by the interface they are beta-ing- upgrade in functionality but major downgrade in usability.
    - undefined3840 7y ago
      A middle of the road developer can make all of those things. You don’t need a 10x ninja in SF who demands 500k/year to do that. Highly doubt Schwab has really been competing on salary in SF for tech roles as is.
      - lykr0n 7y ago
        Does anyone?
    - atombender 7y ago
      What beta products are you referring to?
      - lykr0n 7y ago
        They're working on a new research UI. So you plugin a symbol like SPY and you get a bunch of information on the stock. There is a banner for a beta redesign
        atombender 7y ago
        Oh, that. I've used it, and didn't find it very impressive, certainly not what I'd expect from top UI/UX talent. Schwab's site isn't terrible, just very old-fashioned (and a little buggy).

Rational economic actors going to act. Why be in SF just for the novelty if you can go somewhere cheaper. Disclaimer: Schwab customer

api 7y ago
Novelty? Quite a lot of that has been driven out already.
- deleted 7y ago
  [deleted]
- zer00eyz 7y ago
  If you are a broker you go to NYC, banking is London, commodities is Chicago, electronics is Shenzhen.... You come to the bay FOR tech, and for A-team tech at that. There simply isn't any other place on the planet for you to go if you want to be with, and work with the best.
  - toomuchtodo 7y ago
    Turns out a lot of businesses don't need A-team tech though.

lykr0n 7y ago

I would be curious to see the ROI for someone like Schwab for staying in the Bay Area. Does the reduce capital costs of people, taxes, and buildings outweigh the talent pool in the area? Makes me wonder what the numbers look like.

undefined3840 7y ago
Schwab isn’t exactly competing for the “tech” talent pool so there isn’t anything particularly special about staying in SF vs elsewhere for them.
- lykr0n 7y ago
  Why not? Billions in assets. Automated investment and market prediction projects. Extremely well built Web UI- you can tell they're hiring industry UI/UX people by the interface they are beta-ing- upgrade in functionality but major downgrade in usability.
  - undefined3840 7y ago
    A middle of the road developer can make all of those things. You don’t need a 10x ninja in SF who demands 500k/year to do that. Highly doubt Schwab has really been competing on salary in SF for tech roles as is.
    - lykr0n 7y ago
      Does anyone?
  - atombender 7y ago
    What beta products are you referring to?
    - lykr0n 7y ago
      They're working on a new research UI. So you plugin a symbol like SPY and you get a bunch of information on the stock. There is a banner for a beta redesign
      - atombender 7y ago
        Oh, that. I've used it, and didn't find it very impressive, certainly not what I'd expect from top UI/UX talent. Schwab's site isn't terrible, just very old-fashioned (and a little buggy).