It’s not just about building more housing. It’s also that California’s entire property and land use system incentivizes owners to hold, so fewer and fewer homes trade every single year.https://twitter.com/thebasispoint/status/1003325808528773120 …
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I am pretty sure folks aren’t thinking that way. Now that I think about it, I’ve never heard anyone express things that way. People think in the immediate: do I have a job, are there features (culture) I want, are schools good, etc.
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In the industry in the Bay Area, people change jobs every 2-5 years so the question isn’t just about the job today, it’s about whether there will be a lot of employment opportunities there in 2 years or more.
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Google has huge, strategic and growing offices in Pittsburgh and Seattle, for example, but not everybody is gonna work for Google. And
correct tech workers stay in Bay Area partly because of alternative options if current job'd fail. -
I mean, Google has data centers in Iowa and employs folks there.
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