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Doesn't matter what we're talking about, overall, I guess. I think your enthusiasm has spoiled the appeal of that entire area, for many of us on this site. Incessant bragging gets very old. Your area must win, at all costs. Economy-wise, I think your area is in for big problems in the future. People will be priced out of living there, oh wait, that's already happening. I don't see your utopia being long-lasting. Companies won't be able to pay the wage, it will take, to live in the area. Greener pastures will look even more green. No one wants to co-exist in a small apartment for a lifetime.
I hear you and it's important to bring a balanced tone to these forums. With that noted, people have been writing on the demise of the Bay Area for decades, yet it continues to be an enormously productive region despite the high cost of living and limited housing supply.
I hear you and it's important to bring a balanced tone to these forums. With that noted, people have been writing on the demise of the Bay Area for decades, yet it continues to be an enormously productive region despite the high cost of living and limited housing supply.
It's getting worse, though. It may possibly price itself out of desirability, for many reasons. If that happens, the "importance" will, naturally, diminish.
Doesn't matter what we're talking about, overall, I guess. I think your enthusiasm has spoiled the appeal of that entire area, for many of us on this site.
If a stranger on the internet has that much sway over your life, then that's your problem.
With regards to the post you replied to, I said this: The Bay Area has the 3rd largest economy but as far as relevance and importance, the Bay Area economy is probably 1st at this time...
Your reply had absolutely **NOTHING** to do with that.
If a stranger on the internet has that much sway over your life, then that's your problem.
With regards to the post you replied to, I said this: The Bay Area has the 3rd largest economy but as far as relevance and importance, the Bay Area economy is probably 1st at this time...
Your reply had absolutely **NOTHING** to do with that.
Yes sherlock, I deliberately put 'At this time' because we live in a cyclical economy that has highs and lows.
In the whole scheme of things, SF didn't even rank in the 20 top most influential cities in the world. Chicago, NYC, DC and LA did, though. Business Insider is the source.
Doesn't matter what we're talking about, overall, I guess. I think your enthusiasm has spoiled the appeal of that entire area, for many of us on this site. Incessant bragging gets very old. Your area must win, at all costs. Economy-wise, I think your area is in for big problems in the future. People will be priced out of living there, oh wait, that's already happening. I don't see your utopia being long-lasting. Companies won't be able to pay the wage, it will take, to live in the area. Greener pastures will look even more green. No one wants to co-exist in a small apartment for a lifetime.
I can't rep, but a good post, and one that needed to be made. Sometimes, this constant SF boosterism runs amok..
In the whole scheme of things, SF didn't even rank in the 20 top most influential cities in the world. Chicago, NYC and LA did, though. Business Insider is the source.
Again, this^ has absolutely nothing to do with what I said: The Bay Area has the 3rd largest economy but as far as relevance and importance, the Bay Area economy is probably 1st at this time...
Here are select areas by the number of companies HQed there among the 50 most valuable in the world as of 11/26/19
Bay Area: 12 of the Top 50 /$4.558 Trillion
$1174.3 Apple
$905.7 Google
$567.4 Facebook
$393.8 Visa
$260.9 Intel
$227.6 Wells Fargo
$222.7 Chevron
$192.2 Cisco
$185.5 Oracle
$149.0 Adobe
$142.5 Salesforce
$136.9 Netflix
New York: 9 of the Top 50:/ $2.231 Trillion
$413.0. JP Morgan Chase
$361.0 Johnson & Johnson
$288.6 Mastercard
$247.7 Verizon
$222.4 Merck
$211.9 Pfizer
$189.2 Pepsi
$164.7 Citigroup
$133.0 Bristol-Meyers Squibb
Chicago: 3 of the Top 50/ $507.4 Billion
$210.2 Boeing
$151.1 Abbott Laboratories
$146.1 McDonald's
Dallas: 2 of the Top 50/ $564.0 Billion
$290.8 Exxon Mobil
$273.2 AT&T
Los Angeles: 2 of the Top 50/ $412.6 Billion
$273.3 Walt Disney
$139.3 Amgen
This is a perfect example of what Im talking about. The Bay Area has a larger presence in market capitalization than anywhere else in the world. It's staggering for such a small area. Is this written in stone? No but I never said it is.
All you people wishing for the downfall of certain cities just to prove a poster wrong really need to take macroeconomic courses. Even if certain industries can relocate, the disruption itself would be so tumultuous that it would cause a gigantic ripple effect on the economy.
Remember when poor little NOLA got hit with Katrina and then the oil spill? Remember how that event caused a ripple effect on the entire economy. Be careful what you wish for.
Let's say for example, DC goes under and the fed leaves. Now you have 5 million people with no jobs or being grossly overqualifeid for jobs, and all have to mass relocate, causing stress on not only the DMV, but whatever region they all go to. Along with that, the service industry of the DMV would be widely affected because of less people, meaning that even those low service sector jobs would be gone. And with no way to leave, you'd think they would just pack up and leave? No, they'd go on the dole.
You know who'd pay for that? The rest of you guys. Yeah, not so cool now.
All you people wishing for the downfall of certain cities just to prove a poster wrong really need to take macroeconomic courses.
LOL the more they hate, the more we rise...
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