Looks dead.
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Interesting. A 19 years old criminal is a Juvenile while a 16 year old high schooler is an expert in climate change and global warming. Oh no! I cannot recall the name of youngest climate expert.
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âAsked if he were to start a new company today whether he would do it in the San Francisco Bay Area, Zuckerberg said he would not. Zuckerberg said that things like Amazon Web Services have made it possible to build tech companies elsewhere. Meanwhile, the limitations of Silicon Valley, such as lack of housing and a mono-culture that is singularly focused on tech, make other regions more alluring, he said.
âI do think, on balance, that if I was starting from scratch now I would not pick the Bay Area,â he said.â
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@manch Note what your favorite CEO-founder said. Political and social climate are toxic!!!
Is completely different from when SV just started.
The point is we are not starting from scratchâŚ
The point is we may be near the end of the glory.
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Okay,
You might be right. And maybe that decline is over 20, 30, 40, 50 years or maybe not. I donât know.
Maybe Zuck can tell all those startup founders to move their companies out of SV? Where will the next 100B tech company be founded? Here or Ohio?
Nobody forced those startup founders to come here. If Texas or anywhere else really have an edge over Silicon Valley, donât you think some smart kids would have taken advantage of it and therefore beat their SV peers? Startups are tremendously competitive and most of them die out. This is not a charity pony show. It is cut throat. Market shows we beat the crap out of other states. 
Heck, we even make cars here. If someone told you 10, 5, 3 or even 1 years ago 1) America will have a 100B car company and 2) it will be based in SV, pretty sure the CA doom-and-gloomers on this thread will laugh him nonstop relentlessly. Turns out the believers are the ones laughing their way to the bank. 
Listen to @manch quoting history at your peril 
we are talking about the future. Floodgate is not open yet or shall I say, alternative place is not ready yet. Look around the corner!!!
Neither do I. So I didnât sell my rentals, just donât add new money. Politicians might wake up and change their way and everything back to previously. Who know?
And you can predict the future?
I am also talking about the future. I am betting the near and medium term future will look very much like the present. In fact there is good chance SV will dominate even more non tech industries. Netflix is already the worldâs largest TV network. Visa is the worldâs biggest financial company and itâs here. We will see if Impossible Food will dominate meat. Etc etc.
Please be precise. How many years?
Near to me is 2 years. Medium 7.
I think we need to think why the IT revolution is not like the electrification revolution a hundred years ago. Back then anyone can just plug into a socket and have access to electricity. You donât need an education to take advantage of electricity.
Software is not like that. Itâs now an accepted wisdom that âsoftware is eating the worldâ. What is the implication of that? If to fully take advantage of software means you have to get highly skilled SWE would the fruits of the IT revolution spread wide and far like that of electricity?
The trend is actually accelerating. The brightest and the most skilled SWEâs are getting much more productive faster than the less skilled ones because of AI, cloud and all the latest tech. Why is the SWE paid so much? Because the best ones are vastly more productive than the second and third best.
Thanks. Iâll sell my houses after 7 years.
Wealth consolidation is bearish for RE in a region with 7 million people. By your own thesis, fewer and fewer will be able to afford RE prices.
@manch is thinking the rich SWEs would own all the houses and rent to newbies to the region. So long there are newbies who are willing to pay the rent, it works. Those rich SWEs would compete with each other and bid up the price i.e. yield will go lower and lower, it doesnât matter so long those rich SWEs want to own the rentals.
What percent of SWEâs have any desire to own rental properties?
Demand and supply. Is the supply of Bay Area housing going up in any significant way?
Also, housing price going higher is not the same as saying the business of being a landlord is going to be great in the Bay Area. Those are separate issues. As many have pointed out anti landlord regulations have been going up here.
There are many ways to benefit from higher housing price without being a landlord. The simplest way is to just buy your own home.
After that? Buy sweatshops that serve these SWEs?
Launderettes, dry cleaning, house cleaning, delivery services, massages, dog walking, ice cream, boba tea, âŚ
A college grad could buy a condo first. Then a townhouse. Then a SFH in a shitty part of town. Then something nicer. On and on and you can buy a new primary every 4 or 5 years and every time you sell you can pocket the gain tax free. Thatâs a very powerful and easy way to get rich.
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