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To say that tech companies have bottomless pockets actually shows that you have a fundamental understanding of the problem. Since you don't live in SF, I'll ch
by steven2012 13y ago
To say that tech companies have bottomless pockets actually shows that you have a fundamental understanding of the problem. Since you don't live in SF, I'll chalk that up to you buying into the media hysteria and not really knowing how life has been here over the past little while. People have always been predicting about how basic services will stop functioning because the workers will be unable to afford it, and it just won't happen. There will always be people to pick up the work.
In terms of tech companies having bottomless pockets, tht's simply nonsense. Startups can't afford to keep up paying Google-like wages (~200k/yr + $100k/yr in RSUs). And just like the dotcom boom, there will be a reckoning when "promising" startups don't get bought up by Google or Facebook, and their investors start fleeing en masse. Then, as people start moving out of the $5000/month 2 br condos in Mission Bay (as one of my friends were actually paying), prices will drop. It's just the nature of the beast.