2 ms·
Speaking specifically about the Bay Area, I feel like salaries here are driven significantly by the insane cost of living. There's the feedback loop between th
by AceJohnny2 7y ago
Speaking specifically about the Bay Area, I feel like salaries here are driven significantly by the insane cost of living.
There's the feedback loop between the salary competition and the stupidly constrained housing market.
- Infinitesimus 7y agoSome people believe it's the opposite ( chicken and egg blah blah blah) that because a lot of people got very rich in the tech boom, it 1. attracted more people to the area and 2. gave them a lot more pricing power over the already constrained housing... the restrictive housing policies just poured more fuel on the fire. I'm not close to the area so I'm happy to be corrected by those who saw things unfold over the years