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Buy One Home in Silicon Valley–or 30 in Cleveland
- geebee 12y agoLack of new housing in Silicon Valley is clearly a big problem. However, I've never liked a pure focus on this issue. It seems to be a particular hobby horse of very wealthy silicon valley investors - "hey, we had nothing to do with this, it's those neighborhood groups in bernal heights that have caused this problem. Oh and also, there's a shortage of developers willing to work in a place where they can't possibly purchase a house or raise a family." Part of the problem is that we're trying to cram every developer in the world into a 7x7 grid and a small corridor down the peninsula. The median salary for a developer, registered nurse, and dental hygienist in SF is 110k, 112k, and 109k respectively[1]. The median price for a 3br house in SF is about 1.1 million. Create some of those ~110k/yr jobs in, Cleveland, and then I'd be a lot more willing to entertain notions of a shortage of developers, nurses, or dental hygienists. [1] us news best jobs.
- profoundly 12y agoPart of the problem is that we're trying to cram every developer in the world into a 7x7 grid and a small corridor down the peninsula. It's the way of the sheeple: "Everyone else is doing it, so I should too". In this age of instant communication and remote work, there really is no other reason than herd mentality.