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
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Replying to @webdevMason @SuMastodon
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.
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Replying to @AdamSinger @SuMastodon
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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A moderate valuation correction/bubble-pop (which IMO may or may not be coming) doesn’t need to be a total catastrophe, but that depends entirely on how committed SF is to continue driving real estate up with its absolutely insane policies
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