I am amazed as how strongly the SF bay area incentivizes people to leave: - highest income tax in US - one of the highest sales taxes in US - most expensive housing in US - property taxes hurt new homebuyers - high tech salaries + remote jobs -> live like royalty in another state
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Replying to @lpolovets
This has all been true for a long time, though. Yet the tech workers have kept moving here.
2 replies 0 retweets 16 likes -
Replying to @typesfaster
Very anecdotal, but my fund has been seeing more and more strong companies out of non-California markets: Denver, Atlanta, SLC, etc. Founders and employees have lower salaries but much better lifestyles. And a number of people I know have been thinking more about moving out.
9 replies 5 retweets 73 likes -
Replying to @lpolovets @typesfaster
I think housing is the worst part tbh. If a median decent home is $2m, you need a $400k household income and a $400k down payment. That's not attainable for most people. And housing continues to get 10-20% more expensive annually!
7 replies 0 retweets 45 likes -
Replying to @lpolovets @typesfaster
Yeah, strongly agree that housing undersupply and resulting high housing cost is the main one. Tax alone would not be an issue, it’s really not that high. Folks are trying to fix it:
@yimbyaction etc1 reply 0 retweets 4 likes
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