The most important aspect is the 75k people a year moving in the area (me included).
This whole situation would no happen if the internet kept one of its promises, successful remote work.
If all these jobs were spread out over a much larger area, say all of California, or all of US or more, then
a) you wouldn't have a bubble in one small area like SF
b) you'd have benefits from high salaries in many places
The irony of course is that these internet companies don't believe in the power of the tools they build ;) and they insist in local-prevailing wages, therefore pushing everyone to move to the bay area.
Give me a bay area salary with Mexico's cost of living and we have a deal!
The most important aspect is the 75k people a year moving in the area (me included).
This whole situation would no happen if the internet kept one of its promises, successful remote work.
If all these jobs were spread out over a much larger area, say all of California, or all of US or more, then
a) you wouldn't have a bubble in one small area like SF
b) you'd have benefits from high salaries in many places
The irony of course is that these internet companies don't believe in the power of the tools they build ;) and they insist in local-prevailing wages, therefore pushing everyone to move to the bay area.
Give me a bay area salary with Mexico's cost of living and we have a deal!
Marco Bonechi, Jan 25 2014 on 1500wordmtu.com