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People who bought houses at any point in the last decades are house-rich and have a low tax basis thanks to Prop 13. Otherwise, there's an active, ongoing exodu
by pchristensen 2y ago
People who bought houses at any point in the last decades are house-rich and have a low tax basis thanks to Prop 13. Otherwise, there's an active, ongoing exodus of non-tech people, as well as increasing cost of living and longer commutes for people who stay.
- Aeolun 2y agoSomeone needs to serve the burgers though. Are you saying those people commute two hours each way?
- ForHackernews 2y agoSome people live in their cars during the week.
- linguae 2y agoOh, definitely. One of the worst commutes in Northern California is the Altamont Pass, which Interstate 580 traverses. As early as 4:30am there is a long line of cars filled with commuters who live in more affordable Central Valley places like Stockton, Modesto, and Tracy, commuting to either Silicon Valley or San Francisco. These are generally not FAANG software engineers; they do all sorts of other work, such as cleaning offices, preparing food, stocking aisles, teaching students, building Teslas (Tesla has a shuttle that goes from Modesto to its Fremont factory), policing Bay Area communities, fighting fires, and a lot more.
- robotresearcher 2y agoThe megacorps also have buses that run to distant towns. People have informal roommate situations midweek and ride the bus home for the WFH+weekend.
- pchristensen 2y agoYes - check out Brentwood, Gilroy, etc where middle class Bay Area residents are commuting from. The expense and shortage of non-tech labor is also pushing things like ghost kitchens, coffee robots, self-checkout kiosks, etc.
- joshdavham 2y agoThis actually sounds a lot like Vancouver in Canada.