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I know you criticize the Bay too, but you know the old saying about wearing rose colored glasses, making all red flags look like flags?
There is something unsustainable about the real estate model that is going on out there. I'm not one to say that population growth is the be all, end all in economic sustenance, but there's no way that bus drivers or regular service workers should be making $100,000/year just to barely make rent. Usually, that's a sign of hyperinflation. Its great to have people on the top, but like I tell people all the time, not everyone can be a doctor, engineer, or lawyer. You need people to pick up the trash still, still need people to be police officers, etc. As much as SV tries to take away the human element from everything, you still need people as a fail safe mechanism.
That is something that should be addressed in a more responsible manner. Maybe it is, but it doesn't seem nearly fast enough.
This isn't only a Bay thing either. Its every single high cost metro area. Don't be like a lot of people I know and think the people "beneath" you are unnecessary. They have a purpose.
Still not even in the "Most Influential" group, though. I don't hate SF, at all. I don't love it, as it's a mess, but I'm just tired of the constant one-up-man-ship. It's incessant. Not sure where all the pride comes from, as the city is a mess. I guess SF isn't one of the more influential cities, because, standing alone, it doesn't rise to the top.
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.
But that supports my statement.
SO, is this the entire Bay area vs. cities proper?
SO, is this the entire Bay area vs. cities proper?
It's the entire bay area so combined CSA of San Jose-San Francisco-Oakland.
Idk why market cap is constantly emphasized when it has zero real world relevance to how important a company is to an economies day to day functionality.
1. New York
2. Houston
3. Los Angeles
4. Phoenix
5. Chicago
6. Philadelphia
7. San Antonio
8. Dallas
9. San Diego
10. Nashville
11. Seattle
12. Boston
13. Honolulu
14. Columbus
15. Miami
This is a JOKE of a list.
Phoenix is one of the lowest GDP metros given its population of any major metro. And one of the most sprawling. Phoenix has few redeeming qualities in terms of being a world class city.
My list.
1. New York (No other city like NYC in the USA).
2. Washington, D.C (It is BOOMING. And only going to increase with Amazon)
3. Chicago (A legacy city that can hold its own)
4. San Fran (Tech)
5. Philadelphia (The underdog that is a powerhouse. Southeast Pennsylvania ranks in the top 5 metros in wealth)
6. L.A (Many housing problems that are going to hold it back due to its auto reliance and lack of urban infrastructure)
7. Boston (A stuttgart that will hold its own, but housing cost will prevent crazy development)
8. Seattle (The continued rising star)
9. Atlanta (The south's rising star)
From there
10. Miami
11. Dallas
The rest of the sunbelt is just suburbs. And places like OKC/Omaha. Are flyovers.
Even Nashville is way overrated. It has a downtown that is one strip for the most part. Its hype is well overrated. As well as Austin and Portland.
Last edited by rowhomecity; 11-27-2019 at 01:58 PM..
Phoenix is one of the lowest GDP metros given its population of any major metro. And one of the most sprawling. Phoenix has few redeeming qualities in terms of being a world class city.
For a while in the 1990s, you could pick up copies of Phoenix's LGBT magazine, the (Arizona Community) Echo, in the bars in the Gayborhood.
I'm guessing they distributed them in Philly as a sort of marketing/promotional tool for Phoenix.
I remember perusing the ads in the Echo and remarking to myself that it seems that all everyone did down there was sell each other houses.
There were a fair number of real estate ads in PGN too, including a large one from the family-owned real estate agency that helped make Collingswood, N.J., cool, but there were ads for other types of businesses too: doctors, lawyers, boutiques, restaurants, clubs, you name it.
Suffice it to say that the Echo didn't sell me on Phoenix the way I think its publisher hoped it would.
It's the entire bay area so combined CSA of San Jose-San Francisco-Oakland.
Idk why market cap is constantly emphasized when it has zero real world relevance to how important a company is to an economies day to day functionality.
Day to day functionality? Haha that's $4.5 Trillion in 401ks, retirement accts, mutual funds etc. Millions of people around the world are directly tied to the success or failure of those stocks.
The region has the largest concentration of the world's most recognized and valuable corporate brands...the very definition of relevance.
UK Financial Times World's Top 100 Corporate Brands:
Bay Area: 16 of the 100 Top Brands
#2 Apple
#3 Google
#5 Visa
#6 Facebook
#23 Wells Fargo
#26 Paypal
#34 Netflix
#36 Intel
#39 Youtube
#42 Cisco
#44 Instagram
#45 Adobe
#46 Salesforce
#50 Oracle
#53 Uber
#58 LinkedIn
New York: 9 of the 100 Top Brands
#11 Verizon
#12 Mastercard
#13 IBM
#33 American Express
#67 Chase
#73 JP Morgan
#77 Citi
#84 Colgate
#86 Subway
Seattle: 4 of the 100 Top Brands
#1 Amazon
#4 Microsoft
#24 Starbucks
#62 Costco
Now back to 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...
Day to day functionality? Haha that's $4.5 Trillion in 401ks, retirement accts, mutual funds etc. Millions of people around the world are directly tied to the success or failure of those stocks.
The region has the largest concentration of the world's most recognized and valuable corporate brands...the very definition of relevance.
UK Financial Times World's Top 100 Corporate Brands:
Bay Area: 16 of the 100 Top Brands
#2 Apple
#3 Google
#5 Visa
#6 Facebook
#23 Wells Fargo
#26 Paypal
#34 Netflix
#36 Intel
#39 Youtube
#42 Cisco
#44 Instagram
#45 Adobe
#46 Salesforce
#50 Oracle
#53 Uber
#58 LinkedIn
New York: 9 of the 100 Top Brands
#11 Verizon
#12 Mastercard
#13 IBM
#33 American Express
#67 Chase
#73 JP Morgan
#77 Citi
#84 Colgate
#86 Subway
Seattle: 4 of the 100 Top Brands
#1 Amazon
#4 Microsoft
#24 Starbucks
#62 Costco
Now back to 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...
You are being incredibly simplistic in your measure of economics with measuring only consumer facing brands. That is not how the economy works.
Philadelphia and San Fran are neck and neck as the same GDP respectively and NYC most certainly outranks SF.
SF is one of the most overrated cities in the USA.
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