3 ms·
We can argue about adjective choice, but a 12% revenue drop in any industry is going to get people's attention. The environment in which that 32% drop happened
by _jal 7y ago
We can argue about adjective choice, but a 12% revenue drop in any industry is going to get people's attention.
The environment in which that 32% drop happened involved thousands of companies failing within a short time span. I personally ended up leaving the Bay Area after being out of work for over a year. (I came back.) Just to offer some context to hang those numbers on.
- pascalxus 7y agoI don't see that happening at all currently. The housing market is insane in the bay area, as usual, even out here in the tri-valley area. as far as livermore, houses are selling like hot-cakes, not even on the market for a week.
- _jal 7y agoDidn't intend to imply we're on the edge of a tech-recession or anything close to that. But I'm pretty sure property prices are not a leading indicator of tech crashes. In the first dot.com crash they didn't drop until after the job market carnage was well over. https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby https://www.bayareamarketreports.com/trend/3-recessions-2-bu...