It's so weird to me that it's the same neighborhood people who were students or worked at non profits could afford to move to 15 years ago. The past is a foreign country.
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These (staying in a community longer and having new businesses spread around the country) seem to be relatively objectively positive things on a broader societal level though, no? (There are some selfish downsides for me in there, but.)
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Not if the property taxes they pay fall further and further behind what it costs to sustain public services like police, fire, schools, streets etc. The whole reason mayors are more welcoming to tech than the legislative branch is bc the current system isn’t solvent absent tech.
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Interesting comments there RE: Lyft and Uber IPOs
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I don’t know how Uber’s comp was structured w later employees (if it was RSUs or options) but it’s possible that employees might have paid tens or hundreds of thousands of dollars in taxes on something that’s worthless. https://www.nytimes.com/2015/12/27/technology/when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html …
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