3 ms·
Yeah I'm seeing tons of "free money is over" articles lately but it feels like only a small percent of SF residents had that experinece in the first place. I do
by natly 4y ago
Yeah I'm seeing tons of "free money is over" articles lately but it feels like only a small percent of SF residents had that experinece in the first place. I doubt more than a tiny fraction of HN readers will be affected by this new development at all.
- draw_down 4y ago
- manquer 4y agoDirectly few enough founders on here sure , indirectly everyone is affected. That company with lot of easy money could be your customer or your customer’s customer , or the employer of your customer. You could be a neighborhood coffee shop in the bay, with belt tightening, your customers now will think twice about spending or worse be laid off with no money to spend at all. It could just be the number of people being laid off will depresses salary or getting a job harder if you are looking for a new role, or your company is now finding cheaper replacement to you now in the market easily, making your job lot less safe. It is easy to say that it was all too good to last everyone should have known, Many have staked their careers on the current market of 10 years . Taken loans for expensive college degrees, bought houses on mortgages assuming salary , got married started families and so on . Real lives are going to be damaged by this downturn .