we're so screwed
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I more or less agree w/ equalizing impact fees on commercial vs. residential, but you also have to be careful bc caps constrain the square footage and only certain types of cos can outcompete everyone else (including smaller cos & nonprofits) for that limited space.
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Eventually the VCs will crowd them all out so it’s chill.
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VCs don't take up 1 million square feet of office space.
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Agreed on the (unfortunate) trend. But wasn't it Facebook that first grew big enough downtown to push out the smaller firms (before they moved to south Cal Ave.)?
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Palantir deliberately chose to stay downtown instead of moving to a campus like many of its predecessors had.
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Google's reach is becoming massive. 20k employees to come to San Jose too...
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I straight up think the Palantir expansion was one of the primary drivers of making SF the go-to destination for recent Stanford graduates. By ~2014 people stopped considering staying in South Bay.
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I love reading stories about SF real estate and I even have opinions about it from all the way out in rural Colorado. And that's the funnest thing about SF housing/real estate. There's no one that doesn't have something to say about it.
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i remember for a while it felt like every building in downtown pa had a facebook sub-office in it
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