The main reason tech guys and girls moving to Seattle is exactly this: they can keep the same job with the same company, no loss, only gain on lower/no tax and lower living expenses
For the family who gave up AAPL to move to a non-tech center, it’s a financial loss. But they may get a low stress life and they may prefer a non-nanny state. Money is only one of the considerations.
I would bet Terri would also move to Seattle in the end or just stay in CA forever. After the IPO, she might buy a mansion in RWC
Paul Allen redeveloped the entire South Lake Union area. Pretty easy to get approval when the only neighbors within the notice radius are other buildings you own.
Seattle builds more not because of Jeff Bezos or Paul Allen. It’s Prop 13 working its dark magic in CA. Cities in California are incentivized NOT to build homes. Revenue is guaranteed to be better years down the road for offices and retail. Pols don’t have to provide amenities like parks and schools, and no ungrateful voters asking for this and that.
Have three tenants since I bought the rental property in SV. The first two went to Seattle . Both told me COL is too high. Current one is less than 1 year.
So hanera has been rooting for Seattle tech talents for years. If I become a tech recruiter for Seattle, would def ask for your help [quote=“hanera, post:28, topic:1927, full:true”]
Have three tenants since I bought the rental property in SV. The first two went to Seattle . Both told me COL is too high. Current one is less than 1 year.
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If you want to attract talent, they need a place to live. You also need affordable places for service industry employees to live. How many people would want to live in a city without retail stores or restaurants?
I don’t think Bay Area is hurting for lack of either. We need a happy balance. The status quo is anything but. Every city wants jobs but not the bodies.
I think some people confuse or mix the “people want some place to eat, or to have a drink, or whatever” with people wanting very badly a job. I believe people come for the job and its perks, the rest is extra, what matters is how much of that check they keep.
I agree with people when they tell me they are leaving for a better place, economically speaking, because I understand that when people like us, who are depending on a check or the occasional bingo win, can’t keep up with the high cost of living. I really can’t say I laugh, but I wonder how newbies in this area are opening the checkbook to buy a $2-$3 M home when their incomes are going to be tied to them not having a nice life. Then, kids come, and their lives turn miserable.
Blue cities and states are losing population. Red states are gaining population. Most people want a good life at a reasonable cost. Cheap is preferred over hip or hip++ by the mass
No, it means that after buying a house in Austin, you still have money leftover to go to a concert and hang out in a cafe’. And you only have to work a 40 hour work week…