3 ms·

Two possible reasons: Seattle is the largest tech center outside of the Bay Area, and the cost of living is still manageable.

jseliger 12y ago
the cost of living is still manageable True, though they are rising rapidly: http://seattletimes.com/html/localnews/2021673014_rentincreasesxml.html http://seattletimes.com/html/localnews/2021673014_rentincrea... . Seattle has had a better response than San Francisco's: http://www.citylab.com/housing/2013/10/san-francisco-exodus/7205/ http://www.citylab.com/housing/2013/10/san-francisco-exodus/... ("Over the past two decades, San Francisco has produced an average of 1,500 new housing units per year. Compare this with Seattle (another 19th century industrial city that now has a tech economy), which has produced about 3,000 units per year over the same time period (and remember it's starting from a smaller overall population base)"), but it is still subject to many of the dysfunctional political-economic-legal beliefs described in The Rent Is Too Damn High: http://www.amazon.com/dp/B0078XGJXO http://www.amazon.com/dp/B0078XGJXO. It's worth noting too that Seattle and Washington don't have income taxes, which can be a substantial issue for many tech workers.
- ccgus 12y ago
  The towns around Seattle are also building up quite a bit, unlike around SF where a lot of places just refuse to.
- jsolson 12y ago
  > It's worth noting too that Seattle and Washington don't have income taxes, which can be a substantial issue for many tech workers. This, combined with the substantially lower cost-of-entry on home buying are the main things keeping me in Seattle. In particular the income tax means that even a substantial bump in the number at the top of my paystub doesn't necessarily translate into a bump at the bottom, and it certainly doesn't after I look at what it would cost me to buy a home in a part of San Francisco similar to the condo I own here in Seattle. There's also the commute: right now I have a ~15 minute drive to work compared with the ~one hour (I think, roughly? I've only done it a few times when visiting) it takes to get from downtown SF to the Googleplex. One of the nicer bits (in my opinion anyway; I know it's not shared by everyone) about the new housing going up in Seattle is that it's mostly replacing one-story retail with multi-story retail+residential, and they've incentivized developers to preserve the facades (street feel) of the original buildings with new interiors that are up to code w.r.t. earthquakes, etc. Yes, the buildings are bland and the apartments in them are expensive and sterile, but if it can get ahead of the influx of engineers coming into Amazon we might stem the tide of rising rents in older residential properties in the area.

jseliger 12y ago

the cost of living is still manageable True, though they are rising rapidly: http://seattletimes.com/html/localnews/2021673014_rentincreasesxml.html http://seattletimes.com/html/localnews/2021673014_rentincrea... . Seattle has had a better response than San Francisco's: http://www.citylab.com/housing/2013/10/san-francisco-exodus/7205/ http://www.citylab.com/housing/2013/10/san-francisco-exodus/... ("Over the past two decades, San Francisco has produced an average of 1,500 new housing units per year. Compare this with Seattle (another 19th century industrial city that now has a tech economy), which has produced about 3,000 units per year over the same time period (and remember it's starting from a smaller overall population base)"), but it is still subject to many of the dysfunctional political-economic-legal beliefs described in The Rent Is Too Damn High: http://www.amazon.com/dp/B0078XGJXO http://www.amazon.com/dp/B0078XGJXO. It's worth noting too that Seattle and Washington don't have income taxes, which can be a substantial issue for many tech workers.

ccgus 12y ago
The towns around Seattle are also building up quite a bit, unlike around SF where a lot of places just refuse to.
jsolson 12y ago
> It's worth noting too that Seattle and Washington don't have income taxes, which can be a substantial issue for many tech workers. This, combined with the substantially lower cost-of-entry on home buying are the main things keeping me in Seattle. In particular the income tax means that even a substantial bump in the number at the top of my paystub doesn't necessarily translate into a bump at the bottom, and it certainly doesn't after I look at what it would cost me to buy a home in a part of San Francisco similar to the condo I own here in Seattle. There's also the commute: right now I have a ~15 minute drive to work compared with the ~one hour (I think, roughly? I've only done it a few times when visiting) it takes to get from downtown SF to the Googleplex. One of the nicer bits (in my opinion anyway; I know it's not shared by everyone) about the new housing going up in Seattle is that it's mostly replacing one-story retail with multi-story retail+residential, and they've incentivized developers to preserve the facades (street feel) of the original buildings with new interiors that are up to code w.r.t. earthquakes, etc. Yes, the buildings are bland and the apartments in them are expensive and sterile, but if it can get ahead of the influx of engineers coming into Amazon we might stem the tide of rising rents in older residential properties in the area.