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Visiting home in Sydney from New York there was no better or worse. They’re categorically difference cities. I preferred New York, on net. Visiting Sydney from San Francisco it’s clear how terrible SF is in comparison. Clinging on because of the immense professional opportunities
Making that trade - living in a worse city for the job opportunities is painful and hard. I mean SF is still pretty great, and better than most US cities. But what’s perhaps worse is the flat to negative trajectory. Where are the infra projects? The new facilities? The culture?
Australia has, in my lifetime, gone from wealthy to approximately the richest non micro nation. And it shows. Infrastructure upgrades. New and better private amenities. Annual visits make the process starc. Where’s the same in SF? So much wealth and so little to show for if.
Worse, while Australia coasts on resource wealth, a floating exchange rate and Chinese demand, SF has the actual advantage of being a unique global talent magnet and innovation hub. How is it possible so little is that spilled over to the actual city?
One reason might be lots of the global talent is transitory and not invested in SF for the long haul. But that’s endogenous. Why would someone want to invest into a city that is so dysfunctional? The setup actively encourages you to come, earn and build skills, and leave.
Perhaps that’s the point? Since Prop 13 the state is geared toward preserving the interests of boomer home owners at the expense of everyone else. The golden egg laying goose would be dead at their hands but for its exceptional strength.
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