You start to feel stupid...
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It is/was crazy how expensive it is to live there, especially considering what you get for the price.
It kind of goes in a circle, prices go up, companies have to pay more to get the people to that area, etc etc
Having said all that, I am still a strong believer in the "face to face" interactions.
I realize that the COVID has made a lot of changes in the working world, but if things are equal, i think it is better to have the in person interaction. I know it is hard to prove, but just my feeling. I have flown from the Asia to the US (and vs.) for a two hour meeting. Me (and my boss) feld it was better to be in person than to see someone over a video screen. That may change in teh future however. LOL
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If the one percent truly pay almost all the tax in San Fran something is going to change for sure.
The part of Yangs basic income for all New Yorkers that I don’t get is that it does nothing for those that pay the taxes and u increase the taxes to fund it, you get more people to think about leaving. Gordian knot.
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The Bay Area is a unique brew. Much of the US’s market cap is driven out of that city. Much of the world’s VC funds and PE capital flow to the city.
It’s a gold rush town. I don’t think most moved to gold rush towns for the lifestyle.
With things in stasis and zero value to actually being in person - it makes a ton of sense that people don’t want to pay for it right now.