[FoRK] today

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
>> cities?
>>
> Median household income.
>
> Greg
>

-- 
Adam L. Beberg


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