4 ms·
cost of living in cities has been rising at an insane rate over the last decade, a large part of it is tech salaries. I know a ton of software engineers who onl
by itdagusszous 6y ago
cost of living in cities has been rising at an insane rate over the last decade, a large part of it is tech salaries. I know a ton of software engineers who only live in cities b/c that's where the jobs are. Places outside of cities also offer a lot of (different) enjoyable things to do.
Presumably big companies moving jobs away from cities will have some impact.
- webkike 6y agoSan Francisco had just as many houses before tech moved in, the only thing tech did was make housing more expensive
- qwertygnu 6y agoBoth "cities will thin out because of covid" and "cities will remain the same despite covid" are pretty reductionist of much larger and more complicated trends I'm sure. I'm aware I reduced the two sides in summarizing them above haha.
- sujinge9 6y ago>San Francisco had just as many houses before tech moved in That's the problem, no?
- sologoub 6y agoThis. Basic supply/demand problem. For those in control of that scare resource (Bay Area housing close to employers/amenities), that constraint is pure profit.
- stjohnswarts 6y agoBasically yes and insane NIMBY regulations have kept the city from reducing the cost of living via more open housing regulations and support for multiunit housing and ridiculous amounts of permitting.
- deepakhj 6y agoA large part is an imbalance of housing production vs job creation.
- caseyohara 6y agoWouldn't that mean living in cities will get cheaper? People that didn't want to live in the city but had to for work will move out, and people that wanted to live in the city but couldn't because it was too expensive will move in. Hopefully a cheaper equilibrium in cities will happen because of all this.