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> The demographics (and housing prices!) in the tech hubs reflect a big influx of highly-paid developers How? For at least the last decade, your typical develo
by anewaccount2021 6y ago
> The demographics (and housing prices!) in the tech hubs reflect a big influx of highly-paid developers
How? For at least the last decade, your typical developer in the Bay Area has been a renter...long since priced-out of a single-family home. Even FAANG developers are priced out of the better suburbs.
- majormajor 6y agoA lot of Bay Area tech companies have basically been constantly hiring for a decade, with a lot of new companies constantly being formed as well. Talk to those folks who've been hired, and a large portion of them did not live in the Bay Area a decade ago. The rental prices and turnover speed are another indicator of this - sure, the ones buying houses are the ones who've hit the stock jackpot, but the competition for places of any sort is intensified by the importation of well-paid talent.