Look at all these companies leaving or expanding outside the Bay Area! https://www.bizjournals.com/sanfrancisco/news/2018/10/09/bay-area-exodus-headquarters-move.html …pic.twitter.com/YR8o5fTycg
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Look at all these companies leaving or expanding outside the Bay Area! https://www.bizjournals.com/sanfrancisco/news/2018/10/09/bay-area-exodus-headquarters-move.html …pic.twitter.com/YR8o5fTycg
Could this be a good thing? I've been playing with the idea that housing unaffordability in booming cities pushes businesses to spread out geographically concentrated investment, spreading opportunity to neglected parts of the country.
Mixed. I don’t think it makes SF more affordable from where it is today. We hold in place while things spill over. Also, Bay Area is 40% of California’s $95B in annual personal income tax levels so if that stops growing, we won’t be able to support the state programs we want.
Right. It's not a solution for our problems, I've just started to wonder if there aren't even bigger problems out there that it could help. Also, that's a crazy huge percent! I had no idea.
Just thinking about this more: Even if this turns out to be a good argument, unaffordable housing is a horrible backwards mechanism to accomplish the goal
Texas, Nevada and Arizona have been California's de facto affordable housing policy for decades.
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