4 ms·

Its interest rates more than AI. When interest rates again are low, money is cheap, people will look for ways to make money on money, there will be another boo

Its interest rates more than AI. When interest rates again are low, money is cheap, people will look for ways to make money on money, there will be another boom and massive demand for people.

Fordec 1y ago
It is not a requirement that those people are in Seattle. Just as car manufacturing is not required to be in Detroit.
dboreham 1y ago
s/when/if/
alephnerd 1y ago
It's not becuase of interest rates (or section 174 or H1Bs or whatever boogeyman you want) Microsoft, Amazon, and other firms have been steadily moving out of Seattle for the past several years - first doing domestic offshoring in Tier 2 metros like RTP, DMV, and Denver and after that to dramatically expanding their already significant presence in the CEE and India. A lot of people on work visas who were impacted during the initial COVID visa issues were PMs, EMs, and other mid-level managers who when they shifted back to their home country were given P/L and product responsibilities, and as such the center of gravity has left Seattle. On top of that, local Seattle area politicians strangled the golden goose by becoming populist tech haters - great for winning an election, but did nothing for the Seattle or Washington economy.
- mac-mc 1y ago
  ok what is DMV, RTP is research triangle park from what I can see. DMV is unsearchable.
  - Buildstarted 1y ago
    District of Columbia, Maryland, Virginia according to wikipedia. https://en.wikipedia.org/wiki/DMV https://en.wikipedia.org/wiki/DMV
  - whycombinetor 1y ago
    "dmv metro area" is not unsearchable
SpicyLemonZest 1y ago
ZIRP was a historical anomaly. We shouldn’t expect another sustained period of what we understand to be low interest rates in our lifetimes.
- oldpersonintx2 1y ago
  wrong! we are now entering in to the total opposite - ZIRP by default with only periodic phases of rate increases to "correct" when the next recession hits we will be back at ZIRP and stay there for years welcome to the forever-MMT economy

Its interest rates more than AI. When interest rates again are low, money is cheap, people will look for ways to make money on money, there will be another boom and massive demand for people.

Fordec 1y ago

It is not a requirement that those people are in Seattle. Just as car manufacturing is not required to be in Detroit.

dboreham 1y ago

s/when/if/

alephnerd 1y ago

It's not becuase of interest rates (or section 174 or H1Bs or whatever boogeyman you want) Microsoft, Amazon, and other firms have been steadily moving out of Seattle for the past several years - first doing domestic offshoring in Tier 2 metros like RTP, DMV, and Denver and after that to dramatically expanding their already significant presence in the CEE and India. A lot of people on work visas who were impacted during the initial COVID visa issues were PMs, EMs, and other mid-level managers who when they shifted back to their home country were given P/L and product responsibilities, and as such the center of gravity has left Seattle. On top of that, local Seattle area politicians strangled the golden goose by becoming populist tech haters - great for winning an election, but did nothing for the Seattle or Washington economy.

mac-mc 1y ago
ok what is DMV, RTP is research triangle park from what I can see. DMV is unsearchable.
- Buildstarted 1y ago
  District of Columbia, Maryland, Virginia according to wikipedia. https://en.wikipedia.org/wiki/DMV https://en.wikipedia.org/wiki/DMV
- whycombinetor 1y ago
  "dmv metro area" is not unsearchable

SpicyLemonZest 1y ago

ZIRP was a historical anomaly. We shouldn’t expect another sustained period of what we understand to be low interest rates in our lifetimes.

oldpersonintx2 1y ago
wrong! we are now entering in to the total opposite - ZIRP by default with only periodic phases of rate increases to "correct" when the next recession hits we will be back at ZIRP and stay there for years welcome to the forever-MMT economy