4 ms·
rent is expensive too, but cheaper than buying rn. high rent and high purchase price has a second order effect that is relevant to this forum: makes it harder t
by greenie_beans 1y ago
rent is expensive too, but cheaper than buying rn. high rent and high purchase price has a second order effect that is relevant to this forum: makes it harder to bootstrap a business.
- nemomarx 1y agoit feels like every metro that has high innovation (lots of new businesses, creative art, etc) has had cheap housing first generally. SV is an interesting exception but a lot more money is pumped in to allow it?
- api 1y agoSV had much cheaper housing until the 90s. Not super cheap but it wasn’t until dot.com and then the housing bubble that it got stupid. SF was more expensive, which is maybe why SV is the burbs. The cool hippie art scene in SF was in the cheaper higher crime areas, as it usually is. Maybe we need to get those crime rates up to drive down housing costs. It’s no longer really possible to bootstrap in the Bay Area unless you are doing something nuts like living on couches or cheap shitty boats. It’s too expensive even for modestly funded companies. It’s really just a place for big tech and lavishly funded ventures. If you don’t have a Saudi prince on the cap table your company is better off remote or in another city.
- ericbarrett 1y agoSF had a ton of cheap, low-occupancy warehouses in Soma until the mid-late 2000s. Many have since been renovated into swanky offices.
- greenie_beans 1y agoi don't need an expensive metro to bootstrap what i'm working on. but my partner does for her career. that's the main problem for my situation, at least.
- greenie_beans 1y agoartists struggling to afford rent is an even worse second order effect
- greenie_beans 1y agolet's not forget the actual worst second order effect: working class not being able to afford rent