What impact will Silicon Beach have on LA?

[Dave Coe]

Originally Posted by jm1982

From the article

"The average tech worker in their mid-20s to early 30s is willing to shell out between $2 million and $3 million on average — sometimes paid upfront in cash — on a new place close to their employer, according to Lee Johnson, a local realtor for Sotheby’s International Realty. Snap billionaire co-founder and CTO Bobby Murphy, for instance, purchased a new $2.1 million home in Venice, Calif., just 11 blocks from Snap’s headquarters."

Seems unlikely the "average " tech worker is buying $2-3 million homes . Of course the billionaire cofounder of snap can easily buy a $2.1 million home .

Article also mentions a tech founder that sold his company in 2014 for $200 million and saying how L.A is more affordable than the Bay Area , kind of funny .

Ocean Park needs to be rezoned to be like Brikell or Miami Beach.

[Dave Coe]

Is Pasadena L.A.’s Next Tech Hub?

https://www.globest.com/2019/02/19/i...20190206223042

[sean1the1]

Originally Posted by Dave Coe

Ocean Park needs to be rezoned to be like Brikell or Miami Beach.

Then that'll be the end to my little neighborhood... I agree though, but I don't see it solving any problems there's unlimited people to fill this area.