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High construction in Idaho does nothing for housing in New York. National construction rate averages are pointless. Gotta break it down by geography and locatio
by pj_mukh 4y ago
High construction in Idaho does nothing for housing in New York. National construction rate averages are pointless. Gotta break it down by geography and locations of (in-person) jobs.
- adam_arthur 4y agoHousing is fungible in a remote work world. So construction in cheaper locales can help reduce costs in HCOL areas. E.g. people migrate from CA to FL, reduces number of households in CA. Not for local jobs of course But anyway, beyond fungibility, demographic trend is towards population decline. Spread between population growth and rate of new home construction is at an all time high. And even CA recently passed a law allowing densification on certain SFH plots
- pj_mukh 4y agoAs long as going to the same bar as your boss during happy hour leads to a promotion, career progression + economic opportunity will be tied to geography. Barely any companies operate like Gitlab does. Demographic decline is a much bigger problem to solve, not something that should stop us from taking action.
- mrep 4y agoMy director who according to levels.fyi makes 1 million dollars a year is fully remote. If that's the remote ceiling, than I am A ok with it.
- pj_mukh 4y agoIf that was a replicable strategy, that would be amazing. The averages say otherwise and I would bet continue to do so if we check-in, in a decade.