Zelcorpion said:
...
The economy is going to shit while people are getting squeezed out living for 2000$/month at 4 people on 65m2. That is the problem, less that guy's ability to save more cash. (and be stupid about it telling everyone)
That's why it astounds me nearly every US tech startup either is in the San Francisco Bay area or has some sort of desire to be there. The town planning set-up there is always going to be decades behind the demand curve. So as to protect entrenched interests. The sensible solution would be to free up masses of "brownfield" sites near public transport for high density earthquake safe residential buildings. The ranches out in the hills can stay as is for the billionaire and multi-millionaire class. Paying $2,000 to share some crappy condo with 3 other people is not sustainable.
Frankly even New York is a better location. Trendy locations are expensive, but it is possible to get more reasonable places still on transport routes. The impression I get of the Bay area is that the housing market is screwed up from the top to bottom as a result of weird town planning regulations. No doubt they now have weird laws in New York as well. It's just that so much housing was built before those specific special interests could gain ascendancy. So there is much more stock per capita than in San Francisco. But if I have it wrong please let me know.
I think if I were starting a US tech company I'd look to set up in Las Vegas. Cheap real-estate. Would be attractive to young tech workers. Excellent air hub. Nevada tax regulations. Why is everyone going to San Francisco?