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ErikJ

(6,335 posts)

34. The techies must be pretty stupid to expect people to work for them

Tue Oct 27, 2015, 09:37 PM

Oct 2015

when 3/4 of their income is eaten by rent. Google et al should be building "smart" apt. highrises all over the place in Mt View.

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Million Dollar Shack: Trapped in Silicon Valley's Housing Bubble [View all] yuiyoshida Oct 2015 OP

This is just so insane. These tech companies are going to have to start locating in LiberalArkie Oct 2015 #1

I think they should go to northern Maine. MADem Oct 2015 #2

I second that! AgentStepford Oct 2015 #5

I think it's time for a culture change in the tech industry. MADem Oct 2015 #7

When I was there people refused to move to other geographical areas. It's a mind set for some. RKP5637 Oct 2015 #42

All it will take is for one of the "Kewl Kidz" to say "Fuck this--it ain't working for me anymore" MADem Oct 2015 #43

But they prefer the SF weather. nt valerief Oct 2015 #51

thank you for this video AgentStepford Oct 2015 #3

I saw that, my first thought was.... yuiyoshida Oct 2015 #4

Agreed NikolaC Oct 2015 #6

and all these new townhouses are "luxury"... AgentStepford Oct 2015 #10

It's been crazy for decades. I had friends who owned in Palo Alto during the mid 80's Auggie Oct 2015 #8

I was recruited in the late 90's from RTP and could not afford to re-locate to a Palo Alto job Ford_Prefect Oct 2015 #9

they'd best tend to that illusion a bit better... AgentStepford Oct 2015 #14

Bay area needs to grow up! ErikJ Oct 2015 #11

What do you mean grow up...?? yuiyoshida Oct 2015 #12

Both Physically and mentally ErikJ Oct 2015 #13

The last time they went vertical for housing in any numbers the earthquakes brought it down. Ford_Prefect Oct 2015 #15

lol didn't see your post AgentStepford Oct 2015 #17

If thats the kind of place you want to live ...than go live there yuiyoshida Oct 2015 #30

Times change. The Bay area is the High-tech capital of the world now. ErikJ Oct 2015 #31

DUDE, IF you think this international city is Mayberry you yuiyoshida Oct 2015 #32

I agree. I wasnt talking about SF proper. ErikJ Oct 2015 #33

FINE... yuiyoshida Oct 2015 #35

Very beautiful. But the influx of rich Silicon V techies will destroy it ErikJ Oct 2015 #36

Not very likely yuiyoshida Oct 2015 #37

She'll eventually sell to somebody when the price is right ErikJ Oct 2015 #38

I think it's on the National Register of Historic Places. The developers will have to work around MADem Oct 2015 #46

Earthquakes. AgentStepford Oct 2015 #16

If Tokyo can figure it out would hope that American civil engineers can figure it out! ErikJ Oct 2015 #18

Tokyo doesn't sit at the edge of a semi-arid desert. Ford_Prefect Oct 2015 #19

Econ 101 concept: Supply and Demand ErikJ Oct 2015 #20

Regardless of demand there's no more WATER! Ford_Prefect Oct 2015 #21

Calif suburban sprawl lawns use more water than its people do ErikJ Oct 2015 #22

My point all along is that there is no wise choice in making housing density greater in the area. Ford_Prefect Oct 2015 #24

lol. Dont give them any ideas to move! ErikJ Oct 2015 #25

Nice to know you won't be moving here.... AgentStepford Oct 2015 #40

There's plenty of land, housing and water in northern Maine--and it's beautiful country. MADem Oct 2015 #57

New York doesn't have earthquake issues. Grow up? Who wants to be sleeping on the top floor MADem Oct 2015 #44

Watching this just makes me ill passiveporcupine Oct 2015 #23

There were stories 10 years ago about new grads getting that dream job Warpy Oct 2015 #26

Chinese investors are smart. A 5000 lot for a house in Manhattan would ErikJ Oct 2015 #27

They're buying a lot of Manhattan, too Warpy Oct 2015 #28

Reminds me of when the Saudis ran around buying up NY and elsewhere in the 70s. MADem Oct 2015 #45

The real problem with that is that they drive prices up Warpy Oct 2015 #47

This is entirely true. Often, though, they end up selling at a loss, but in the meantime, the MADem Oct 2015 #48

Selling at a loss only happens during deep recessions Warpy Oct 2015 #49

I seem to recall the Japanese took a bath from NYC to CA and HI. MADem Oct 2015 #50

Well, we know the bubble has popped in China Warpy Oct 2015 #52

Yeah, I guess they're trying to bribe people by trading a decent economy for some illlusion of MADem Oct 2015 #54

The economy is getting more decent for folks on the bottom Warpy Oct 2015 #55

BASEMENT WARS--thanks! I'll have a look. I love the Beeb, and ITV, and Channel 4, too. nt MADem Oct 2015 #56

The comment from the high end realtor sums up what's happened to some people... MrMickeysMom Oct 2015 #29

The techies must be pretty stupid to expect people to work for them ErikJ Oct 2015 #34

Must be why they are moving to places like Kansas City, Missouri Ford_Prefect Oct 2015 #39

Eventually a massive earthquake will hit, it will likely be one huge F'en mess. RKP5637 Oct 2015 #41

Right. Like in '89. nt valerief Oct 2015 #53

I've got a 3 bdrm bungalow Plucketeer Oct 2015 #58

Chinese are investing huge amounts in FL for EB-5 immigration visas. They need homes. madfloridian Oct 2015 #59