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Old 05-16-2020, 01:45 PM
 
4,031 posts, read 4,461,564 times
Reputation: 1886

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Interesting to see what happens as more tech companies like Twitter will allow their employees to work from home and if other companies will follow Tesla out of the state.




"Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

After major companies announce their employees won’t need to come in, many are recalculating the cost of living near the office."

https://www.bloomberg.com/news/artic...t=businessweek
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Old 05-22-2020, 12:27 PM
 
Location: Portland
93 posts, read 73,638 times
Reputation: 106
Blah blah
Sounds so superficial and nobody cares I’m sure what happens to Tech workers.
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Old 10-04-2021, 01:31 PM
 
4,031 posts, read 4,461,564 times
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Remote work is enabling a Silicon Valley exodus

"Another trend from Wesman's perspective is tech workers moving outside Silicon Valley — but not too far. He knows plenty of people who "haven't necessarily moved out of state, but they've moved to lower-cost areas outside of Silicon Valley that are still within a driving distance."

Marin County, Sonoma County, east of the Bay — many people are relocating to areas where the housing market is a touch cooler but the office headquarters can still be accessed once or twice a week by a long, but manageable, commute"

https://www.hrdive.com/news/remote-w...exodus/607628/
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Old 10-18-2021, 12:25 PM
 
Location: Peninsula
61 posts, read 38,226 times
Reputation: 256
Lived here for 32 years. Beautiful area that transcends techie trends. The Bay Area will always be a premier place to live. As tech companies leave, they will be replaced by other companies even more robust. As people leave, they will be replaced by those better positioned. Real estate will continue to be expensive and remain so forever.
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Old 10-19-2021, 11:29 AM
 
4,031 posts, read 4,461,564 times
Reputation: 1886
Quote:
Originally Posted by RangeRover20 View Post
Lived here for 32 years. Beautiful area that transcends techie trends. The Bay Area will always be a premier place to live. As tech companies leave, they will be replaced by other companies even more robust. As people leave, they will be replaced by those better positioned. Real estate will continue to be expensive and remain so forever.
Economy is extremely unstable and it depends whether the NIMBY issue is resolved this decade.
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Old 10-22-2021, 03:43 PM
 
Location: Elk Grove, CA
579 posts, read 512,628 times
Reputation: 1099
The housing shortage is so critical, that even if there were some mass techie exodus, it would only slow down price increases. It would not stagnate or stop them.

The bay area was expensive 40 years ago, before tech dominated the local economy. There just isn't enough housing to meet demand.

And the California doom and gloom isn't really going to do anything for house prices, unless we can hemorrhage 10 million people in a couple years - which realistically is never going to happen.
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Old 03-08-2022, 09:57 AM
 
4,031 posts, read 4,461,564 times
Reputation: 1886
Warren Buffett is once again one of the five richest people in the world as drops in tech stocks erode the wealth of Silicon Valley executives





Buffett’s Fortune Is Back in World’s Top 5 Amid Rare 2022 Gains




https://www.bloomberg.com/news/artic..._medium=social
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Old 05-20-2022, 09:51 AM
 
4,031 posts, read 4,461,564 times
Reputation: 1886
Tech sector sentiment is at its worst since the dotcom bubble, says Saxo Bank


https://www.cnbc.com/video/2022/05/2...saxo-bank.html
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