Those are probably the renters (albeit higher income ones) who are gonna get displaced by the even wealthier people who will come after them, and who will probably care even less about the neighborhood issueshttps://www.curbed.com/2017/12/15/16780358/san-francisco-unaffordable-real-estate-migration-study …
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Replying to @kimmaicutler @NjoweN
It’s harsh but now I’m seeing even Uber employees w liquidity buy in the East Bay rather than SF bc of cost. Who comes after them??? Oh God I don’t want to know.
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Replying to @kimmaicutler @NjoweN
I’ve seen what happened to the peninsula/South Bay and this can keep going and getting worse for a long time and can 2X as insane on pricing. So what needs to be done after re-upping Measure As affordable housing bond in a few years?
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Replying to @kimmaicutler @NjoweN
I think you (as in YOU, Kim!) need to push largest Bay Area companies to transfer thousands of jobs elsewhere, mainly to "fly-over" states. Employees may grumble, but they'll follow the high-paying jobs, just as they're migrating to the BA for the money, career and stock options.
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Replying to @RFrances2 @NjoweN
We invest increasingly outside the Bay Area but I think you overestimate how much power someone at an early stage fund would have on 5-900B companies’ land use decisions.
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Once a startup gets behind like 5-10 headcount, it’s basically impossible for them to relocate because you’d lose a sig part of your workforce. Large cos can open secondary offices elsewhere.
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