Adam L Beberg
beberg at mithral.com
Sat Jun 1 19:36:24 PDT 2013
Silicon valley is great. The (housing / income) is sky high, places in
San Fran are still available for rent upwards of 5 minutes after
posting, and if you want to BUY a house in the bay area, you have to
have cash (not a loan) and go 100k+ over the already insane asking price
to outbid the Chinese. You have heard about the property insanity in
China - full cities of empty property. Since even the little old ladies
know that's now a bad investment, all that money is flowing elsewhere
but still in property. On top of all the local millionaires.
But to really love California you need the uniqueness of 9.3% income tax
starting at poverty level, ~10% sales tax, environmental laws that will
never let fiber be deployed or more housing be built, and violently
anti-business state government make it a very "special" place.
In other words, everything is in place for Si Valley to become the place
that startups _used_ to be.
Gregory Alan Bolcer wrote on 6/1/2013 4:39 PM:
> On 6/1/2013 12:24 PM, J. Andrew Rogers wrote:
>> What criteria do most people use for comparing quality of life between
> Median household income.
Adam L. Beberg
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