> It’s be somewhere with a reasonable CoL but still nice to live in…
The funny thing is, this is why companies were in San Francisco. Back when the tech industry was far less than it is now, San Francisco was "a reasonable CoL but still nice to live in" even though it was all the way over there in California.
Then San Francisco got expensive so people tried Seattle...then Denver...then Austin...and so the wheel turns. And each time, we fail to learn the lessons of what made those places get more expensive as more people wanted to move there. Then we try again somewhere else, expecting that new people won't have the back story and existing people will happily move.
I've been working on computers for a job for decades and we still haven't gotten it right.
> And each time, we fail to learn the lessons of what made those places get more expensive as more people wanted to move there
I don't understand what you're saying. Most people want to have bought California property 30-40 years ago. "Don't do that or you'll retire in an inflation adjusted $5MM home!" is a strange pitch to get people to do what you want.
To say nothing of the fact that all the other interests (city planners, developers, etc.) also want that outcome.
I thought things got started in silicon valley because it was cheap with Stanford nearby. Then hardware slowly changed to software. As things grew people moved to San Francisco to enjoy life of the big city and still be close silicon valley.
Microsoft moved to Seattle because it was Gates's home. And Nintendo was there because Seattle was closer to Japan. Microsoft grew and created a mini silicon effect in Seattle.
The growth of Seattle had nothing to do with the prices in San Francisco.
I think prices have very little bearing on this kind of things.
You are correct, SF and coastal California has been the most expensive real estate in the US many decades. The price premium has widened quite a bit though.
The funny thing is, this is why companies were in San Francisco. Back when the tech industry was far less than it is now, San Francisco was "a reasonable CoL but still nice to live in" even though it was all the way over there in California.
Then San Francisco got expensive so people tried Seattle...then Denver...then Austin...and so the wheel turns. And each time, we fail to learn the lessons of what made those places get more expensive as more people wanted to move there. Then we try again somewhere else, expecting that new people won't have the back story and existing people will happily move.
I've been working on computers for a job for decades and we still haven't gotten it right.