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And/Or move their companies too. Particularly all the "tech startups" that think they don't need physical office buildings anymore. For a lot of companies, SF i
by Alupis 6y ago
And/Or move their companies too. Particularly all the "tech startups" that think they don't need physical office buildings anymore. For a lot of companies, SF is becoming difficult to justify.
Well-intended ideas, not fully thought out, leading to unintended consequences... nothing really new for SF.
- vmception 6y agoThat’s because the “mostest wokest” dont live in SF long enough to be bothered by the consequences of their votes.
- dicroce 6y agoPeople in San Francisco have long been angry at tech workers for driving up prices... Driving them out may be on purpose!
- thorwasdfasdf 6y agogetting tech out of SF would actually do a lot of people good. I've worked at countless software companies and always wondered why the companies had to be located in the most expensive city in the US.
- vlovich123 6y agoIsn’t it the most expensive city because of all the tech workers? Wherever you get a congregation you’ll get that effect (as Austin and Colorado are finding out), and companies generally start where workers are available (that‘a why film and entertainment industries are still largely is in LA, New York, London even if they film around the world)
- bluGill 6y agoOnly partially. You are correct that congregation does drive up prices. However congregation drives building more housing and other things which drives prices back down. SF has done less to drive prices back down than any other city and as a result has the most expensive housing. Eventually an equilibrium is reached (in practice this is false as things are always changing, but close enough)
- throwaway2245 6y agoI understood this to be the primary intended consequence! San Francisco is overheated and a majority of residents would expect to benefit from CEOs or tech companies reducing their pressure on housing and services.
- dpoochieni 6y agoThen they will realize the majority of landlords already don't live there: domestic and foreign investors.