I agree with you on most postings re: remote working trend. I think it’d only work for the most mature companies with well-designed processes (on everything - development, product design, HR etc), and the bulk of startups will suffer from productivity drop.
But I am concerned about H1B / OPT being blocked - yes this may be a short term thing, but IF it continues, it’s literally a death sentence for BA. When COVID started, GOOG / FB didn’t lay off people, but they did cancel on a bunch of office constructions on the peninsula. The tech companies’ stocks may still go higher. But if the high paying jobs are reduced in SV, it’ll translate to RE prices in BA.
Case in point: SFHs in PA / LA / MV in 2M~3M are still selling like hotcake, pending in 3~5 DOM. But THs/Condos are not moving. One explanation is: folks with kids & other ties in area now need a larger home because everyone is WFH. Younger folks (target for THs/condos) already started moving out of BA. But in 5 years from now, these millennials / Gen-Zs are precisely the ones who we expect to be moving up to SFHs.
I agree that partial remote work will never work. But if 100% of team is remote, companies are figuring out that it doesn’t hurt the productivity. So why not move the entire eng team to Berlin? To Singapore?
On living in US: I was just in SF earlier today. Apparently the fireworks for 7/4 is cancelled everywhere, so they started selling firecrackers for $0.14 a pop. So these idiots bought a bunch & started firing firecrackers everywhere, in densely populated areas. Driving back home down 101, I felt like being ambushed by a SWAT team with all these firecrackers going off right next to the highway. Will the police have capacity to help them to senses?
Apologies for the grim view. I guess I’m tired - I thought at least in BA, we’re the smart ones. But if the general public doesn’t seriously become much more aware & educated, we’ll continue to experience these conflicts. Another George Floyd. Another world leading Covid cases.
Would appreciate if you or anyone here convince me otherwise - we really like BA, and genuinely believe we’re better than the rest of US (except for the damn heat in SJ ). I still want to go back to a cute work/live loft near Embarcadero, and not have to deal with crazy homeless person every 20 ft. When my wife goes out in Hayes Valley, I don’t want to worry about her getting around in Uber. Unfortunately, recent events certainly made things worse, it seems.
Thanks for this - giving it another 12 months definitely sounds like a great advice.