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SF’s regulatory/tax trajectory is... interesting. Creating/expanding infrastructure by means that rely on SF being a tech Schelling point & simultaneously diminish its suitability as one. I dunno if tech will leave soon, but the ground will be thoroughly salted whenever it does
Feels like this is a societal manifestation of the common “it can only get better from here” personal delusion. Resiliency is critical; If a reasonably fast recovery from some economic collapse is laughably unlikely under the economic structures you’ve made, you’re in trouble
Tech isn't going to leave. The problem here is housing for humans. 10s of thousands of new office seats opened per year and nowhere for them to live.
Average rent for a 1-bed in SF is $3.6k. Salaries for talent have to be sky-high to compensate, & that can only last as long as there’s TONS of VC money to spend. There are many reasons that could stop being the case & it could easily cause a total meltdown for the tech scene
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