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Current tenants- paying insane prices for rent And yes, those that would like to live in the city but can't because of the ridiculous rent or simply lack of re

Current tenants- paying insane prices for rent And yes, those that would like to live in the city but can't because of the ridiculous rent or simply lack of rent-able places.

rdl 11y ago
And the people who would like their pensions to be fully funded due to investment gains from new tech companies in SF, currently hindered by rent. And people who want to use exciting new products built by SF companies which are limited or don't happen due to lack of office space. It's a drag on not only the city but the state, nation, and world.
- ndnichols 11y ago
  Are you being sarcastic? Or do you genuinely think the lack of office space in SF is a drag on the world?
  - tdaltonc 11y ago
    Not office space so much as housing. "But for the tight limits on construction in California’s Bay Area, they reckon, employment there would be about five times larger than it is. In work that has yet to be published they tot up similar distortions across the whole economy from 1964 on and find that American GDP in 2009 was as much as 13.5% lower than it otherwise could have been. At current levels of output that is a cost of more than $2 trillion a year, or nearly $10,000 per person." http://www.economist.com/news/briefing/21647622-land-centre-pre-industrial-economy-has-returned-constraint-growth?zid=311&ah=308cac674cccf554ce65cf926868bbc2 http://www.economist.com/news/briefing/21647622-land-centre-...
  - rdl 11y ago
    Sorry, I meant housing, which raises base salaries, which makes it hard to do a bootstrapped startup (both one's own living expenses, and hiring first 20 employees requiring market salary to survive) If you could live comfortably in SF on $30k/yr like you can in a lot of college towns, you'd be able to bootstrap a company for a couple years on just your savings, which would increase the variation in startups -- you could see more genuinely ambitious startups which didn't depend on getting funded.

Current tenants- paying insane prices for rent And yes, those that would like to live in the city but can't because of the ridiculous rent or simply lack of rent-able places.

rdl 11y ago

And the people who would like their pensions to be fully funded due to investment gains from new tech companies in SF, currently hindered by rent. And people who want to use exciting new products built by SF companies which are limited or don't happen due to lack of office space. It's a drag on not only the city but the state, nation, and world.

ndnichols 11y ago
Are you being sarcastic? Or do you genuinely think the lack of office space in SF is a drag on the world?
- tdaltonc 11y ago
  Not office space so much as housing. "But for the tight limits on construction in California’s Bay Area, they reckon, employment there would be about five times larger than it is. In work that has yet to be published they tot up similar distortions across the whole economy from 1964 on and find that American GDP in 2009 was as much as 13.5% lower than it otherwise could have been. At current levels of output that is a cost of more than $2 trillion a year, or nearly $10,000 per person." http://www.economist.com/news/briefing/21647622-land-centre-pre-industrial-economy-has-returned-constraint-growth?zid=311&ah=308cac674cccf554ce65cf926868bbc2 http://www.economist.com/news/briefing/21647622-land-centre-...
- rdl 11y ago
  Sorry, I meant housing, which raises base salaries, which makes it hard to do a bootstrapped startup (both one's own living expenses, and hiring first 20 employees requiring market salary to survive) If you could live comfortably in SF on $30k/yr like you can in a lot of college towns, you'd be able to bootstrap a company for a couple years on just your savings, which would increase the variation in startups -- you could see more genuinely ambitious startups which didn't depend on getting funded.