lol Ok if you’re comparing to Singapore (which I’ve also been) then yes Texas isn’t AS humid, but to the rest of the USA…SUPER humid
Are you serious? You sound like Bernie. So you’d rather have all the tech people leave SF? Should we banish them from the US altogether and hand tech leadership over to China?
So there’s no way to have a tech force without forcing everyone else to commute in from crazy distances, clogging roadways while everyone complains about global warming, or having them just live on the street? A city with hardly any children it - fewer than 100 years ago? And you complain about the lives of foreign workers in Singapore…
You said it’ll reduce inequality. I pointed out that it won’t.
what kind of business can afford $200k starting salary in most expensive city in US except for VC backed funds supported by Fed that will ultimately make Euro as reserved currency.
Java programmers starting salaries hardly $12K in India and $50K in Europe.
Just to give you idea. Portola was South City based Publicly traded biotech. it was bought by East Coast firm Alexion. now that Alexion bought by EU firm. so rapid shrinkage of biotech happening with no leadership in Vaccine for SF bayarea. You can expand to all other practical fields like Polar Icebreakers. Everything will be need to imported. and every infrastructure in SF bayarea will have skyhigh costs that nothing will get built. Not even a single bridge on SF bay for next 100 years.
https://ir.alexion.com/news-releases/news-release-details/alexion-completes-acquisition-portola
Sound correct 
SWEs in USA is just highly paid. Well so long there are investors who are willing to pay a lot for stocks of loss making companies, their high pay are assured.
Larry is actually moving to Hawaii.
More logical. He loves to sail.
Larry is moving to the island he owns.
The company leased the space in 2019 but at the time gave no indication it would move its headquarters. In July, CNBC reported that Credit Karma had closed its San Francisco office, 760 Market St., as a result of Covid.
“Covid hit and we started to have to make some harder decisions around financials in general,” Colleen McCreary, Credit Karma’s chief people officer, told CNBC. “We decided to make the call now to consolidate into Oakland. It was going to be something over time we’d probably be getting to anyway, but this really expedited that.”
Credit Karma is just the latest company to ditch San Francisco for its less expensive neighbor across the bay. PG&E announced this year it will move to Oakland, with plans to move to 300 Lakeside Drive on Lake Merritt in 2022 and sell its current headquarters property at 77 Beale St. and 245 Market St. in San Francisco.
Businesses are using Covid as an excuse to move out of SF.
Now even VCs are fleeing
They are fleeing to Lake Tahoe. Actually a rich Texan bought my friends magnum opus. He sold it for 12m… A 17000 sf Ski Cabin that the Kardashians rented for their final season. The Gun Barrel Lodge… next to Heavenly
“Techsodus” is real. It’s the move from California, and particularly from San Francisco and Silicon Valley, to other states. These are just the most famous examples of executives, founders, and their multi-billion-dollar companies that are making the move. And there are many others.
Ofc is real. Have been real for many years. Some people wear blinkers.
Let’s zoom around Texas
Have to wonder will any of the big three (AAPL, FB and GOOG) eventually move their HQ? TimApple won’t move but later CEOs are hard to say. All three increase their presence in Austin drastically, will see.
Apple essentially has a 2nd HQ without calling as such. Campus I, Campus II, soon III…
Facebook wants 1M more square feet downtown
Sources said Facebook is looking for so much space downtown, no one building can accommodate it. If it does move forward with these deals, the social media giant will lease more downtown space than any other company.
https://www.builtinaustin.com/2019/02/27/tech-titans-expanding-austin
Will SF Bay Area become a retirement community in a decade or so? Any estimate on how much value could Bay Area Real Estate lose in the coming decade? I think the real estate prices may remain stable (and not follow the pace of money printing), or lose value no more than 25%. Or in other words, what is the true value of Bay Area real estate?
We might have to see what happened to Boston etc that had companies like DEC, or alpha in the early days of computers.
If this exodus becomes stronger than just a trickle, we might see good money in relocation services. I already hear radio Ad of people who help their clients move out of the Bay area.
Apple, google and Facebook will move after they stop being relevant and on their long downward spiral. Every company fails at some point so yes they may move some time in the future.
HP is the grandfather of SV but can you name one thing it did in the last 30 years that mattered? Oracle is more famous for people leaving and becoming billionaires founding companies that compete with it. Hasn’t mattered in tech for 15+ years.
Failed companies like eBay should definitely move. Yelp’s site hasn’t changed in years. Another good candidate for moving.
If a company has to move somewhere, it will do so while it is still valuable. If the only value remaining in a company is the salvage value, the right place will be a junkyard. Not some other town. The question is will new Apple, Google, and Facebook, start in Bay Area or somewhere else.
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