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What's even more staggering is how between Facebook, Google and Apple the number of jobs that are going to be created in the next 5~10 years:

https://www.sfchronicle.com/business/article/Google-s-Bay-Ar...

I'd venture to guess it's somewhere around 60k net new families to the bay area just from those 3 companies.

The end is definitely not in sight.



I'm hoping there's a point where people are going to say, no... an old 1 bedroom apartment isn't worth $4k/mo. And where we collectively realize that maybe it's not great to be sending so much of our money to landlords.


I don't know if it will be collective, maybe more of a trickling off. I've already moved out to east bay; my company's generous work from home policy helped a lot in this regard.


Every time one of these Bay Area real estate articles gets posted, I yearn for a corresponding link about large numbers of new housing getting built somewhere in the Bay, or breakthrough approvals of transport infrastructure, or greater corporate acceptance of remote work, or further development of other tech hubs. The alternative is to despair in this bizzaro land of misery in unequal prosperity.

The Bay is choking on golden chains.




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