The Bay Area May be the best example I’ve ever seen of how sticky network effects can be. Everyone in SF/Silicon Valley realizes how absurd and broken many things are here. Yet if you look at how people vote with their feet and dollars the vast majority just stay.
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Hi Austen. So would you advice anyone to move to SF in pursuit of their dream?
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Depends on what your dream is
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Internet promised us that our success won't depend on our location yet we pay more than ever to belong to certain geolocations
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It’s complex; it’s also true that it’s never been easier to create value and be compensated for it from all over the world
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Put me in the considered-leaving-but-didn't camp. One day…
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I actually think the tide has turned a bit. From my age group of friends that moved here 7-8years ago, many are starting to leave Bay Area (especially if they started a family).https://twitter.com/jmover/status/1018344393659387904?s=21 …
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Cowen’s “The great stagnation” talks about the lack of migration more broadly. It’s a bigger trend I think not unique to sf (although more ridiculous here bc of the ludicrous policies)
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What data set are you looking at? This seems to say more people are leaving - though we’d need to compare to other metro areas. https://www.sfgate.com/bayarea/amp/Bay-Area-population-growth-slows-some-counties-11021334.php …
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Any thoughts on where tech could/should migrate?
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to the internet
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I don’t think it’s network effects, just an inability to do QOL calculus, which is 1 part the difficulty in moving and 1 part difficulty in reconciling to a lower salary.
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Inertia seems like a fact of life. I had also assumed the opposite, left SF, tend to leave things I find broken in general. But too avant-garde for most. Like with products, probably need something else 10x better to cause a switch.
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Very similar in NYC
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I love the Bay. Moved here 3 years ago and wish I had moved 10 years ago. It has it's problems but it also has a lot of great people in the community that are willing to work to fix those problems
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as opposed to Cleveland & Pittsburgh where everything is stagnant.
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Totally agree, it's getting unaffordable and unpleasant but still because of the people and opportunity we end up sticking around. Personally frosty winters (NYC; Colorado; Chicago) and rainy/overcast weather (Seattle; Portland; Miami) are a turn off. Leaves LA, Austin & Phoenix.
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All that’s needed is a way to forcibly exclude the homeless and SF will be a fairly effective enclave.
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You’re delusional
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