I’m sorry I think this is a naive argument. Companies are all doing both things at the same time. We invest increasingly outside of the Bay and in distributed teams. Apple, Amazon, Google and FB are also expanding their presences outside of their HQ cities. But on balance, even
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accounting for this behavior, the population is still growing here and so you have to plan for that. Also technology has paradoxically increased demand for f2f time, even as communications tech has improved. Glaeser called this the Jevon’s paradox https://en.wikipedia.org/wiki/Jevons_paradox …
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I hear you. I’m with you but you can raise a family just fine — perhaps better — in other places other than car-centric suburbs with only single family houses.
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but the other environments don't built family-sized housing. It's mostly studios, 1 BRs.
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No one is going to be able to afford to stay here and care for the senior citizens.
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As someone who lives there - what do you see the solution being?
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A few areas are chipping away at the problem. A big enough market correction of fluffy valuation startups would put dent too but we'll see.
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Too bad it's not like regular markets where enough sellers and no buyers makes things really correct a lot, and fast. Damn physical markets.
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I know it's just sad to see this community struggling to make housing work for all.
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We're thinking about it the wrong way. Should modern work really require employees to live next to the office like in old factories or can we all be less dependent on location & aim for better geo distribution of good economic outcomes?
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