[FoRK] today

Gregory Alan Bolcer greg at bolcer.org
Sun Jun 2 07:00:21 PDT 2013


Adam, you've truly nailed California on the nose.

Greg

On 6/1/2013 7:36 PM, Adam L Beberg wrote:
> 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.
>
-- 
greg at bolcer.org, http://bolcer.org, c: +1.714.928.5476


More information about the FoRK mailing list