[HN Gopher] Tracking the San Francisco Tech Exodus
       ___________________________________________________________________
        
       Tracking the San Francisco Tech Exodus
        
       Author : kyleblarson
       Score  : 135 points
       Date   : 2021-05-19 18:23 UTC (4 hours ago)
        
 (HTM) web link (sfciti.org)
 (TXT) w3m dump (sfciti.org)
        
       | sneak wrote:
       | It always struck me as odd that a culture so interested in the
       | internet and data and disrupting existing cash flows would itself
       | dictate a system in which so, so much cash flows from VCs to
       | paychecks to landowners in one single metro.
        
         | jeffbee wrote:
         | Surprise: the landlords are in charge of local government.
        
           | sneak wrote:
           | Yeah, but AFAIK there isn't huge overlap between the VC funds
           | and the landowners, unless there's some hidden corporate
           | structure of which I am unaware.
           | 
           | It would be quite silly (and clever) for VC LPs to start
           | buying up residential properties, knowing that their funding
           | rounds go right into payroll and then right into SFBA rents
           | and back into their pockets. :D
        
             | jedberg wrote:
             | YC actually considered this (jokingly I think, but maybe
             | not?). They realized that many of their startups were
             | living in just a couple of high rises in San Francisco.
        
             | dcolkitt wrote:
             | I don't think it's directly this malicious. I think it's
             | more just a blindspot. If you're a 40-something partner at
             | a major VC firm, who bought his home in Palo Alto in 2005,
             | then the "cost of living" is largely invisible to you. Sure
             | you may have a sizable chunk of home equity locked up, but
             | that's not a monthly cash flow issue.
             | 
             | Intellectually you know that being located in the Bay Area
             | is a major burden to the ramen-eating startup founders that
             | you fund. But it's a lot easier to rationalize that away
             | with justifications around "cross-pollination of ideas" and
             | being in the "intangible benefits of being an innovation
             | center". Certainly a lot easier when you're not worried
             | about making rent on your 400 square foot studio.
        
           | paxys wrote:
           | And VCs are also landowners
        
             | swiley wrote:
             | Wait... is ycombinator actually a real estate company? /s
        
         | nradov wrote:
         | Peter Thiel made the same point in 2018 and decided to focus
         | his investments in other regions.
         | 
         | https://www.sfgate.com/expensive-san-francisco/article/peter...
        
       | yesBoot wrote:
       | Population decline was greater in 2018 and 2019 than 2020.
       | 
       | Even then it was tenths of a percent.
       | 
       | Are sure "exodus" is the right word?
        
       | runeb wrote:
       | > For almost as long as we've been tracking the COVID-19
       | pandemic, sf.citi has been closely monitoring the San Francisco
       | tech exodus
       | 
       | They say 63 percent of tech companies surveyed have already
       | downsized or plan to downsize their office space in the San
       | Francisco Bay Area. This is to be expected in a work-from-home
       | situation like the ongoing pandemic. I don't see anything about
       | the percentage of it being permanent rather than temporary.
        
         | dmode wrote:
         | I am actually more surprised that 40% decided not to downsize
         | given the WFH model that is popular now
        
           | ska wrote:
           | Downsizing is usually complicated and can be expensive and/or
           | distracting.
           | 
           | Particularly if you don't think it will last long, I can see
           | a bunch of companies taking a wait-and-see approach.
        
           | ghaff wrote:
           | One thing you're not accounting for is that companies
           | normally plan for growth--whether or not that ends up
           | happening. I expect a lot of companies that were likely
           | exploring real estate expansion pre-pandemic have stomped on
           | the brakes and will wait and see. So they may or may not
           | downsize but they probably won't expand like they normally
           | would have.
        
         | ghaff wrote:
         | I took the pie chart next to the 63% one to be about the long
         | term. So about half fully remote or substantially remote.
        
       | [deleted]
        
       | mrwh wrote:
       | My Bay Area anecdote: a lot of my colleagues left over the past
       | year, some are staying away, most are returning/have already
       | returned. Not nothing, not an exodus though.
        
       | llsf wrote:
       | Maybe it is an opportunity to convert some commercial space into
       | residential space and make the City more affordable ?
       | 
       | If really so many companies are going remote, then all the
       | commercial landlords would have to find ways to make money out of
       | their commercial space.
       | 
       | Any reasons that could prevent it (e.g. stringent zoning code,
       | preventing conversion from commercial to residential) ?
        
         | hedora wrote:
         | That would make it easier for people with money to move in.
         | 
         | The best way to ensure fair and equitable housing is to
         | constrain the supply as much as possible.
         | 
         | We don't need to worry though, the zoning and planning
         | departments will definitely SF from the tyranny of new housing
         | units.
        
       | chaganated wrote:
       | Potentially leaky vaccine:
       | https://www.technologyreview.com/2021/02/02/1017161/covid-va...
       | 
       | Leaky Vaccine + Time:
       | https://en.wikipedia.org/wiki/Marek%27s_disease#Prevention
        
       | 101001001001 wrote:
       | In 2020, San Francisco's sales tax revenue dropped by as much as
       | 70 percent in San Francisco's downtown, which relies heavily on
       | restaurants and hotels.
       | 
       | Mother of god...
        
       | zirkonit wrote:
       | Long overdue.
        
       | verst wrote:
       | Businesses shifting to partially or fully remote (the key metric
       | surveyed in this article) isn't necessarily an exodus from SF. It
       | just means a decline in the need for office space in SF.
       | 
       | Additionally, other sources indicate that most SF residents who
       | left moved to nearby areas [1]. (Those areas themselves may see
       | their residents moving elsewhere)
       | 
       | [1]: https://www.kron4.com/news/bay-area/exodus-study-reveals-
       | dra...
        
         | ghaff wrote:
         | That's not really surprising. A lot of people like California
         | and, if you don't need to worry about a daily commute, that
         | opens up a lot of options that, if not exactly cheap, aren't as
         | eye watering as the Bay Area.
        
       | proc0 wrote:
       | SF is on a different level of exodus then the rest of the Bay
       | Area, and I guess also the state. The leadership of the city
       | forgot there are also nearby cities that aren't trying out crazy
       | new laws and mandates that obviously make everything much worse.
       | One of the richest, most advanced places on Earth, making civic
       | problems worse for decades now.
        
       | ClassAndBurn wrote:
       | I'm so excited for the possibility of rental prices coming down
       | enough to support the artists and quirky businesses that used to
       | be around.
       | 
       | The city's consolidation into tech forced out a lot of the
       | vibrancy that made San Francisco unique. Those people are still
       | residents. It's just they've been unable to afford the space to
       | enact some of the things they used to.
        
         | sharadov wrote:
         | This is something that really bothers me - all those billions
         | of dollars of tech money and you cannot find a way to house and
         | support artists. New York billionaires have always found a way
         | to support artistic endeavors. Case in point - Bloomberg, he
         | personally donated a lot.
        
           | paxys wrote:
           | Funny you say that because when I lived in New York a few
           | years ago gentrification and high rents was the top complaint
           | among residents (mainly around the time Brooklyn started
           | getting unaffordable), and people would point to San
           | Francisco as a city which had a lot of money but could still
           | keep its artsy/counterculture roots intact.
        
           | jinushaun wrote:
           | Because SF billionaires are selfish tourists. On the other
           | hand, NYC has a long history of patronage and wealthy donors
           | that contribute to making their city better.
        
             | randompwd wrote:
             | Lol. A billionaire doesn't give money to $causeOfTheDay -
             | they're "selfish" assholes. They do give money - they're
             | informed they can't buy forgiveness or they should have
             | given more or the patronage is paternalistic and heaven
             | forbid if the billionaire is a white male American.
             | 
             | May as well keep your money and let those fend for
             | themselves.
             | 
             | Much better art created when people do it for the passion..
             | on their own time.. with their own resources.. after
             | they've worked an 8 hour day.
             | 
             | Whingers are going to complain anyway - no point in
             | affording them the time and resources to do it more.
        
             | Kalium wrote:
             | Thankfully SF has people like Mark Zuckerberg, and is
             | appreciative of his donation of a large amount of money to
             | the city's hospital in order to improve life in the city.
             | 
             | Right?
        
           | kelnos wrote:
           | > _all those billions of dollars of tech money and you cannot
           | find a way to house and support artists._
           | 
           | Our problem is never that we don't have enough wealth, it's
           | always that it's concentrated among a small percentage of the
           | population, and a much larger percentage gets starved out
           | entirely.
           | 
           | > _New York billionaires have always found a way to support
           | artistic endeavors. Case in point - Bloomberg, he personally
           | donated a lot._
           | 
           | If we have to depend on the charity of billionaires, we've
           | already lost the war.
        
             | closeparen wrote:
             | Concentrated wealth sponsors high culture. There is
             | extremely limited political will for public funding, and
             | distributed personal spending decisions give you mass
             | culture. You are not getting painters without people who
             | spend tens of thousands on paintings. You are not getting
             | the theater or the symphony or the opera without a class of
             | attendees who write checks for hundreds of times more than
             | a ticket is worth.
        
           | Kalium wrote:
           | How many billions of dollars of tech money, in your opinion,
           | is enough to find a way to house and support people in a city
           | where planning is fundamentally structured around finding
           | ways to _not_ house people?
        
             | rcpt wrote:
             | In California you can get whatever crazy thing you want
             | passed with O($10M). I bet $1B could get even Prop 13
             | overturned which would solve the housing disaster
             | overnight.
        
               | Kalium wrote:
               | 2020's Prop 19 to reform property taxes just a bit had
               | about $20 million behind it, and it didn't even land on
               | the ballot.
               | 
               | SF would need to gut its entire permitting system. Today,
               | it can't even make small and incremental improvements: ht
               | tps://www.sfchronicle.com/local/heatherknight/article/Is-
               | p...
        
               | Apocryphon wrote:
               | $20m and $1b is a significant difference.
        
               | Kalium wrote:
               | You're absolutely right. That is a significant
               | difference.
               | 
               | My point was that O($10m) isn't even enough to reliably
               | land something on the ballot, much less get whatever
               | crazy thing you want passed.
               | 
               | This of course being distinct from undoing Prop 13.
        
               | skystarman wrote:
               | You'd need to end or severely restrict local zoning.
               | 
               | Everyone loves the idea of cheaper housing for people in
               | theory.
               | 
               | Once they realize it means their own property value won't
               | appreciate as quickly, or may even decrease and then
               | suddenly they are against it. And they will vote out any
               | officials that support it.
               | 
               | There needs to be state or federal intervention. And that
               | doesn't seem likely at any time in the near future.
        
         | paxys wrote:
         | Rents are already rapidly going back up since their lows late
         | last year, so don't hold your breath.
        
         | hindsightbias wrote:
         | All the great eras of any city were gritty. You can't have that
         | with a generation of SodaSopans.
        
         | darth_avocado wrote:
         | Tech didn't out price the people, nimby politics did. Average
         | home owners in San Francisco have been owners for about 14
         | years. [1] Any new development basically hits a brick wall
         | unless it's on a radioactive dump or ultra expensive downtown.
         | You all remember the famous laundromat saga, those were not
         | tech workers preventing new housing, the locals were. [2]
         | 
         | Anti gentrification policies almost always end up displacing
         | the populations they are meant to protect. You don't want new
         | apartments in a specific area because it may bring in newer
         | crowds? Well guess what, those crowds will come any way, and
         | now they can out price the people who live there.
         | 
         | Rent control is another problem, because long time residents
         | won't move. And with no new inventory, the prices for pretty
         | much any apartment that enters the market goes sky high. It's
         | not the tech workers who displace the locals, they are anyway
         | hunting for apartments in a different price range from the
         | locals. It's the locals now just budgeting higher portions of
         | their income towards rent and displacing other locals. This is
         | exactly what happened in Berlin. [3]
         | 
         | And last but not the least, I think despite the nostalgia and
         | how we remember SF differently from what it is now, yes there
         | were quirky businesses all around. But there were only specific
         | parts of the city that had them and quite frankly a lot of them
         | just used to be replaced by newer businesses every couple of
         | years. But what happened at some point was too much
         | bureaucracy, red tape and politics crept into the cost of
         | starting a business that now you have to sink almost a quarter
         | of a million dollars before you can even start an ice cream
         | shop. [4] It was partly the "locals" who created these
         | problems.
         | 
         | [1] https://journal.firsttuesday.us/california-homeowners-are-
         | st... [2]
         | https://www.bizjournals.com/sanfrancisco/news/2018/08/21/san...
         | [3]
         | https://www.bloomberg.com/opinion/articles/2021-03-02/berlin...
         | [4]
         | https://www.sfchronicle.com/local/heatherknight/article/S-F-...
        
         | astrange wrote:
         | SF didn't have a lot of tech until very recently, when they
         | were forced out of the valley by the real gentrifying force,
         | homeowners that won't let anyone build more homes in case it
         | causes traffic.
         | 
         | These are also the people making SF expensive. It's not just
         | artists, it's their own children who can't live there, one
         | reason SF has fewer families with children than any other city
         | IIRC.
         | 
         | As for quirky businesses, that's DRs and licensing.
         | 
         | https://sf.eater.com/2021/4/22/22397615/matcha-n-more-ice-cr...
        
           | onlyrealcuzzo wrote:
           | Is there a good article that describes how / why / when the
           | startup scene moved from the South Bay to San Francisco?
           | 
           | I'm not too familiar with the startup scene before 2010. But
           | from what I know, it was mostly established in its current
           | form before the Dot Com boom.
           | 
           | It seems like HP, Cisco, Intel, Apple, Oracle, Sun, Adobe,
           | Intuit, & Yahoo! where part of one movement.
           | 
           | eBay, PayPal, Google, Facebook & Netflix obviously added to
           | that.
           | 
           | But now all the newer companies are coming from SF -
           | SalesForce, Twitter, Uber, Lyft, AirBNB, Yelp, Splunk,
           | Dropbox, Square, Instagram (originally), Slack, StichFix,
           | Postmates, Instacart, GitHub, Robinhood, Coinbase, etc.
           | 
           | The only recent, pretty big startups in the South Bay I can
           | think of are LinkedIn and Quora. YouTube - from San Bruno -
           | is kind of in the middle. The rest are subsidiaries.
           | 
           | I mean, the OG companies like Apple and Google and Facebook
           | are so big that they dwarf the rest of the startups in the
           | Bay by themselves. So in a sense, the Silicon Valley still
           | feels like the Peninsula. But the startup scene definitely
           | seems to have shifted.
        
             | rm_-rf_slash wrote:
             | Short answer: early Silicon Valley needed space for
             | fabricators, the dotcom era needed space for data centers,
             | then around 2010ish there were enough cloud providers and
             | internet connections you could start a company anywhere but
             | you already had plenty of talent in the bay and San
             | Francisco is _fun_.
             | 
             | Long answer could be a phd thesis but "people needed lots
             | of space until they didnt" kind of suffices.
        
             | kens wrote:
             | > the OG companies like Apple and Google and Facebook
             | 
             | History time. It's kind of amusing to see these companies
             | referred to as OG, when there were many generations of
             | Silicon Valley startups before them. The real OG was
             | probably Hewlett-Packard, founded in Palo Alto in 1939.
             | Another key company was Shockley Semiconductor, founded in
             | Mountain View in 1956. Eight key employees left Shockley in
             | 1957 and formed Fairchild Semiconductor, gaining the name
             | the "Traitorous Eight". Fairchild led to over 126 startups,
             | sometimes called the Fairchildren, including AMD, Altera,
             | LSI Logic, National Semiconductor, and SanDisk.
             | 
             | Two of the Traitorous Eight, Gordon Moore and Robert Noyce,
             | left Fairchild in 1968, founding Intel in Mountain View.
             | Later key Silicon Valley companies were Oracle (1977), Sun
             | Microsystems (1982), and Cisco (1984). Although Apple
             | started in 1976, it wasn't a dominant company until years
             | later. Google (1998) and Facebook (2004) are relative
             | newcomers.
             | 
             | Information on Fairchild's influence:
             | https://computerhistory.org/blog/fairchild-and-the-
             | fairchild...
        
               | onlyrealcuzzo wrote:
               | Thanks! This is super cool!
               | 
               | Question - when did the VC model really come into play?
               | Were the Fairchildren like AMD VC funded?
               | 
               | A lot of others have mentioned that space plays a role in
               | this a lot. Companies needed fabricators and data
               | centers, which took up space, so it was too expensive to
               | be in the city.
               | 
               | Is this really all there was to it? Back in these times -
               | there was White Flight from the cities, right? Did most
               | people (even college grads) prefer to work in the suburbs
               | then? Was this even a factor at all?
        
               | clpm4j wrote:
               | You would enjoy the documentary 'Something Ventured'.
               | http://www.somethingventuredthemovie.com/
        
               | astrange wrote:
               | If you're asking why Silicon Valley is in California at
               | all, the answer is that the state bans all non-compete
               | agreements and won't enforce ones made in other states.
               | This is probably why it's not in Cambridge, though it
               | doesn't explain anything more specific than that.
        
               | ghaff wrote:
               | Companies generally preferred to be located in the
               | suburbs because it was generally cheaper. But employees
               | (notably including execs) also preferred to live there.
               | Manufacturing facilities had absolutely been in cities in
               | the past. Teradyne was in Boston. Gillette was in Boston.
               | There are big pharma facilities in Kendall Square today.
               | So it was at least in part access to workers that moved
               | companies out of cities.
        
               | ghaff wrote:
               | Apple wasn't terribly interesting until maybe the
               | mid-2000s. OK they were interesting in the Apple religion
               | sense but it really took some combination of OS X, the 4G
               | iPod, and eventually the iPhone taking off to put them in
               | their current category. One could argue that Apple wasn't
               | "a force to be reckoned with" until the late 2000s.
        
               | astrange wrote:
               | They were pretty good before the 90s when they invented
               | the personal computer, there was just a "beleaguered"
               | era.
        
               | ghaff wrote:
               | They were an interesting hobbyist thing early-on.
               | Although there were also the S-100 bus systems, etc. I
               | actually used Apple IIs at work in the early 80s and then
               | an Apple III. But they were somewhat of a sideshow until
               | the mid/late 2000s.
        
             | clpm4j wrote:
             | A seemingly significant part of it is because the young
             | talent wants to live in SF and not commute 1+ hours to an
             | office park in the South Bay. I think SF also offered
             | incentives for tech companies to set up shop in the city in
             | the 2009-2012 time range... https://www.wired.com/story/no-
             | more-deals-san-francisco-cons...
        
               | ghaff wrote:
               | It also generally became trendy for that demographic to
               | live in (certain) cities after they graduate. My company
               | set up an office in the Seaport (partially) for that
               | reason because our main location an hour west of Boston
               | was a deal-killer for some people.
        
               | clpm4j wrote:
               | That's certainly true. A career in tech became widely
               | popular and trendy for millenials and now zoomers (I
               | believe CS is now the most popular undergraduate major
               | across US colleges?). Basically once people realized you
               | can make more money in tech than on Wall St, a percentage
               | of new grads who would have moved to NYC diverted for SF.
        
               | ghaff wrote:
               | >I believe CS is now the most popular undergraduate major
               | across US colleges
               | 
               | I saw that in one Google search and it seems incredibly
               | unlikely. This seems much more probable (even if you
               | assign some of the engineering degrees to CS):
               | 
               | https://www.niche.com/blog/the-most-popular-college-
               | majors/
        
             | rogerbinns wrote:
             | I've seen several commentators blame AWS! Before AWS,
             | startups needed to budget for web servers and similar
             | hardware, and a place to put them. That meant bigger
             | offices with more floor space, plus power and similar
             | services. Once AWS came (2007) startups could be anywhere,
             | with the city tending to be more attractive to younger
             | folk.
        
             | notsureaboutpg wrote:
             | Young people want to slum it up in SF, supposedly.
        
             | Apocryphon wrote:
             | Zoom is based in downtown San Jose.
        
           | ghaff wrote:
           | A lot of people forget that many now "elite" cities weren't
           | that popular until relatively recently. Boston was losing
           | population until well into the 90s and there was basically no
           | tech left there by then.
           | 
           | When I graduated from grad school in the mid-80s, I don't
           | think a single one of my classmates who got a job in
           | Massachusetts lived in the city proper.
        
             | cbm-vic-20 wrote:
             | At the time there were a lot more tech companies out along
             | Routes 128 and 495. This is still true today, but now the
             | balance has shifted to Boston and Camberville.
        
               | ghaff wrote:
               | Yeah, all the minicomputer companies (which is where most
               | of us went to work after school). I'd have actually
               | considered living in Cambridge at the time but it would
               | have been something like a 45 minute (reverse) commute
               | whereas I had about a 5 minute commute until I bought a
               | house.
               | 
               | Depending upon how you characterize tech, there's still a
               | lot in the northern and western suburbs, especially if
               | you include the defense contractors. But, yes, there's
               | now a lot in Cambridge and the Seaport, especially, as
               | well as all the biotech/pharma in and near Kendall
               | Square.
        
             | astrange wrote:
             | Yeah, living in cities was unpopular until about 2000 for a
             | good reason - they were full of crime. Surprisingly it
             | turns out giving the entire country lead poisoning was a
             | bad idea.
             | 
             | https://www.motherjones.com/environment/2016/02/lead-
             | exposur...
             | 
             | Younger people then moved back in (causing superficial
             | gentrification) because they couldn't live in the actual
             | richer areas because those had all blocked new housing
             | (actual gentrification.)
        
               | skeeter2020 wrote:
               | Is this lead poisoning theory really any more proven than
               | say, the access to birth control idea?
               | 
               | Young people tend to be economic migrants and the pockets
               | of mass economic growth start in cities. They're also
               | single and relatively poor so they live in multi-tennant
               | housing near the downtowns where they work. As they get
               | older, richer and more numerous (i.e. married w/ kids)
               | they move out of the core. Cycle repeats with rising
               | prices if growth is still there, or you hollow out the
               | city and only the poorest remain. SF could stay like it
               | is, or become a west-coast steel town, but it's unlikely
               | to return to what it once was.
        
               | peder wrote:
               | Cities are full of crime again today. Is it a problem
               | with lead? Or is it a larger condition of cities in the
               | Americas?
        
               | ska wrote:
               | > Cities are full of crime again today.
               | 
               | That doesn't seem to actually be the case, but crime
               | statistics is a notoriously tricky area.
        
               | astrange wrote:
               | It is actually up a lot in 2020-2021 including murders
               | and other "real" crimes.
               | 
               | There of course is also an effect where people think all
               | of Portland is on fire because they saw a protest on TV
               | once. But also Portland has had twice as much gun
               | violence this year than all of 2020, which seems like a
               | problem someone should do something about.
        
               | ska wrote:
               | Sure, there is a notable bump (with all the usual
               | reporting caveats) in 2020-21; but that doesn't change
               | the general trend. Or at least so far that doesn't seem
               | the case.
        
               | jeffbee wrote:
               | Most American cities are way, way below early 1990s
               | violent crime levels, San Francisco included. SF had
               | three times more homicides in 1993 than in 2019.
        
               | rufus_foreman wrote:
               | You saw around a 30% increase in homicide rates in large
               | cities last year, and that increase began suddenly at the
               | beginning of June. No environmental cause like exposure
               | to lead can cause that.
               | 
               | The Mother Jones article referenced above is arguing that
               | the most effective thing that can be done to combat crime
               | is lead abatement, I think that argument has taken a
               | fatal hit. Some cities are in fact seeing homicide rates
               | close to or even above the 1990s rates, that happened
               | suddenly and it happened after leaded gasoline had been
               | banned for 45 years.
               | 
               | You can't explain the massive increase in homicide in
               | large cities in 2020 using environmental factors like
               | lead, the cause has to be cultural or political.
        
               | astrange wrote:
               | It went up a lot in 2020, quite possibly as a reaction to
               | unemployment and especially not having anything else to
               | do.
               | 
               | But yes, before that it was limited to a few hotspots
               | like St Louis which still had environmental lead
               | problems. Meanwhile DC in 1990 was more dangerous than
               | the Iraq War.
        
               | majormajor wrote:
               | > Younger people then moved back in (causing superficial
               | gentrification) because they couldn't live in the actual
               | richer areas because those had all blocked new housing
               | (actual gentrification.)
               | 
               | You're overlooking the qualitative motives for (somewhat
               | incorrect) purely financial aspects. Younger people
               | continued to move to denser parts of cities for at least
               | a solid decade after in-city rents surpassed suburban
               | ones. A large demographic group got married and started
               | having kids much later than previous ones (this part
               | traces pretty well back to economic factors, though!) so
               | was looking for _very_ different things in housing. As
               | those factors started to change, they started following
               | similar suburbanization patterns, and WFH accelerated
               | that dramatically.
               | 
               | "Friends" is probably the clearest pop culture recording
               | of this, showing the draw of living in the city for
               | single 20-somethings in the 90s, and then the eventual
               | appeal of the burbs for the later married w/ kids stage.
               | Even in the 90s part of it, none of them were there
               | because NYC was the cheap option.
        
               | ghaff wrote:
               | Manhattan was something of an outlier. Even in not so
               | great in a lot of ways 1980s Manhattan, a _lot_ of people
               | moved to  "the city." This was especially true in
               | finance. (Contra my comment about classmates not living
               | in Boston proper, _many_ lived in Manhattan proper. Of
               | course, one difference is that the jobs were actually in
               | Manhattan. )
               | 
               | But NYC has always had a singular appeal. And there was
               | long a certain snobbery(?) about living in Manhattan
               | specifically.
        
               | majormajor wrote:
               | If we drop NYC we lose the easy TV show example, but I
               | would still maintain that nobody young was moving to
               | places like Midtown Atlanta or downtown Austin in the
               | early 2000s just because they were priced out of the
               | suburbs. Places were already "pay for the privilege of
               | living somewhere denser and walkable" by that point.
        
               | ghaff wrote:
               | >nobody young was moving to places like Midtown Atlanta
               | or downtown Austin in the early 2000s just because they
               | were priced out of the suburbs.
               | 
               | Sure. But my point was that, in the aggregate, they
               | _weren 't_. Maybe by the early 2000s, there were more
               | jobs there, their parents lived there, their friends were
               | starting to be there, etc. So, yes, at some point
               | especially college-educated young professionals started
               | to pay an urban premium for the lifestyle. We'll see to
               | what degree that continues.
        
               | majormajor wrote:
               | > Sure. But my point was that, in the aggregate, they
               | weren't. Maybe by the early 2000s, there were more jobs
               | there, their parents lived there, their friends were
               | starting to be there, etc. So, yes, at some point
               | especially college-educated young professionals started
               | to pay an urban premium for the lifestyle. We'll see to
               | what degree that continues.
               | 
               | I actually agree with `astrange that by the early 2000s,
               | if not a tad earlier[0], millennials were moving in-town
               | (though not because their parents lived there! the
               | opposite, if anything!), but I completely disagree on the
               | "why" - their claim was that it was because it was
               | cheaper because suburbs had zoning that caused them to
               | get too expensive. My claim is that it was a lifestyle
               | thing, not a "forced out" thing.
               | 
               | [0] I can't speak firsthand to earlier, but there were a
               | lot of new or newly-redone apartment buildings by the
               | early 2000s, suggesting that the trend had been going for
               | several years already.
        
               | ghaff wrote:
               | Oh, definitely lifestyle. And, yeah, much more because of
               | friends than family. I'm pretty sure even in the late
               | 80s, it wouldn't have been cheaper for me to live in (a
               | decent area of) Cambridge than the suburb I lived in.
        
               | tick_tock_tick wrote:
               | Lets be real it was abortion
               | 
               | https://freakonomics.com/podcast/abortion/
               | 
               | https://freakonomics.com/2005/05/15/abortion-and-crime-
               | who-s...
        
               | astrange wrote:
               | It was not (or that was only some of it.) The same crime
               | rise and fall happened worldwide - this is addressed in
               | the article.
               | 
               | Continues to happen too. The parts of the world with the
               | most terrorism like Iraq/Yemen also most recently had
               | leaded gas.
        
           | thatfrenchguy wrote:
           | Some of it is immigration too: if you come from Paris or
           | Berlin, you're not going to want to move to Mountain View,
           | given how ridiculously boring the peninsula is.
        
             | astrange wrote:
             | If your employer's in South Bay you might as well live
             | there. It's easier to commute to fun than commute to work.
        
         | fnord77 wrote:
         | there's been a few new "below market rate" apartment and condos
         | being built. Most all condo developments have BMR units but
         | some of the new ones are 100% BMR
        
       | webwielder2 wrote:
       | People and companies leave SF because it's too expensive, SF gets
       | less expensive, people and companies come back to SF, SF gets
       | expensive...?
        
         | dcolkitt wrote:
         | Except the difference is there's a hell of a lot more bandwidth
         | available for telework in Colorado and Nevada than there was
         | the last cycle.
        
         | olyjohn wrote:
         | It's all about the short term profits. Look how much money we
         | saved leaving SF! Then when the next execs come in it's, look
         | how much money we saved going back to SF!
        
       | jdhn wrote:
       | It's kind of funny reading this, as I know someone from my
       | Midwestern state who decided to move to SF in the middle of the
       | pandemic. I'm curious as to what happens once everything reopens,
       | will people move back, or is this a permanent change?
        
       | rubyist5eva wrote:
       | There is no amount of money that I would take to live in that
       | abomination of a city.
        
       | RcouF1uZ4gsC wrote:
       | There is now enough vacant office space in San Francisco to give
       | every homeless person in the city 2000 square feet.
       | 
       | (From the article: 16 Million square feet of vacant office space,
       | and a quick Google search gave me a homeless population of 8000)
        
         | pengaru wrote:
         | Isn't it already well established SF has far more space
         | allocated to jobs than housing for the workers?
         | 
         | In other news, the sky is blue, and water is wet.
        
         | woah wrote:
         | I always wonder what the point of these comparisons is. Can you
         | imagine cramming 8000 homeless people with hardcore drug
         | addictions and untreated mental illness in a vacant office
         | tower?
        
           | astrange wrote:
           | Note most of them aren't homeless because they did drugs,
           | they're doing drugs because they're homeless because they
           | lost their homes. Ain't nothing else to do.
        
           | unixhero wrote:
           | It would make for a hellofa janitor survival simulator game.
           | Maybe as a story pack to SimTower.
        
         | spoonjim wrote:
         | What's your prediction for the outcome of doing that? Parceling
         | the office space into 2,000 square foot spaces and giving them
         | free of charge to each homeless person in SF? Please be
         | specific.
        
         | paxys wrote:
         | What would a homeless person do with an office?
        
           | sky_rw wrote:
           | Start a SoLoMo app company, obviously.
        
         | Decker87 wrote:
         | That's great to hear!
        
         | umeshunni wrote:
         | There's always enough X in San Francisco to give every homeless
         | person X/n of it.
         | 
         | What's lacking in San Francisco is the political will to do
         | anything meaningful about homelessness (or crime, or the
         | housing crisis, or infrastructure, or the schools or anything
         | other than vague virtue signaling)
        
           | throwkeep wrote:
           | To their credit, they've found new ways of using resources in
           | the most inefficient way possible.
           | 
           | "San Francisco is paying $16.1 million to shelter homeless
           | people in 262 tents placed in empty lots around the city
           | where they also get services and food -- a steep price tag
           | that amounts to more than $61,000 per tent per year."
           | 
           | https://www.sfchronicle.com/local/article/S-F-
           | pays-61-000-a-...
        
             | admax88q wrote:
             | At that cost they could just pay the homeless 61k per year
             | and they could rent their own homes
        
               | rgblambda wrote:
               | That was my first thought as well but then remembered
               | that often the reason for homelessness is mental health
               | issues. Many homeless people are just incapable of taking
               | care of themselves.
               | 
               | e.g. not paying rent/bills when they physically have the
               | money to do so, gambling addict so getting into massive
               | amounts of debt, getting evicted due to antisocial
               | behaviour/vandalism of property.
        
               | Apocryphon wrote:
               | Convert the empty real estate to the mental health
               | facilities that Reagan emptied?
        
               | kelnos wrote:
               | Maybe that's the case, but instead why not rent
               | apartments on behalf of the homeless people, put them
               | there, and get them evaluated and treated by a mental
               | health professional?
               | 
               | Living in an actual building rather than a tent in a
               | parking lot ("protected" or otherwise) seems like a great
               | first step and healing some of those mental health
               | issues.
               | 
               | When the treatment starts working to a degree that the
               | formerly-homeless person can be trusted with the cash,
               | give it to them, along with the rent bills.
        
               | ngokevin wrote:
               | While I imagine there are a lot of detractors here, I
               | like universal basic income. We could try to slice it and
               | have a system to pick and choose who gets it, but as
               | we've seen, the waste that goes into the bureaucracy when
               | it's not just "give everyone a check".
        
               | acchow wrote:
               | Not if there isn't enough housing.
        
         | fleshdaddy wrote:
         | Is that an accurate count? That actually sounds surprisingly
         | low. I figured it was quite a bit higher.
        
           | redis_mlc wrote:
           | - The reported SF outdoors homeless numbers vary from 5,000 -
           | 10,000
           | 
           | - But it depends on what data you have and how you slice it:
           | 
           | - 60% of the $300 - $350 million homeless budget goes to
           | welfare rentals (single women and moms are eligible for that,
           | rarely men), so that's 15,000+ adults plus children alone
           | 
           | - there's probably more than 10,000 on the street, and
           | growing daily as average rents are over $3,500/month now.
           | 
           | As you can see, with a population of only 500,000 and almost
           | 5% of thoe homeless, SF has a major problem.
           | 
           | What the EU learned from African economic migration is that
           | once somebody is in their regionn, authoriities have to
           | process them one by one, which can take years per case. So
           | once a city gets behind, there's no good story.
        
           | katabatic wrote:
           | That's nearly 1% of the population of San Francisco. It's
           | already shockingly high.
        
       | eplanit wrote:
       | "San Francisco's office vacancy rate has risen to 19.7 percent"
       | 
       | Wow -- when I was there in the "dot-com boom" of the late '90s
       | and early '00s, such a vacancy rate was unheard of (it was 0.5%
       | for housing, and similar for commercial real estate).
       | 
       | Oh well, they've earned this outcome.
        
         | jeffbee wrote:
         | What's awful is asking rents have barely budged. Peaked at
         | around $85/sf, now around $75/sf. The landlords can afford to
         | just sit on inventory.
        
           | brdd wrote:
           | Totally false. We saw many commercial units between $35-50/sf
           | IG and just signed on one at $37/sf.
        
             | jeffbee wrote:
             | "At the first quarter of 2021, the overall citywide asking
             | rent was $73.76 per square foot (psf) down 12.0% from the
             | peak of $83.82 psf with the Class A citywide figure at
             | $77.66 psf, down 10.0% from $86.31 psf,. Direct space
             | continues to be marketed at near record levels for the time
             | being with the citywide Class A direct asking rent at
             | $84.47 psf and the CBD Class A direct asking rent at $85.71
             | psf" -- Cushman and Wakefield
             | 
             | "Totally false" -- Internet rando
        
               | jedberg wrote:
               | > Cushman and Wakefield
               | 
               | Aka a company with a vested interest in convincing you
               | that the $75 price they are offering you is totally in
               | line with the average and it's really good and you should
               | just take it.
        
               | jeffbee wrote:
               | But an anecdote about a class-C storefront on 7th street
               | is more reliable?
        
               | jedberg wrote:
               | I'd say both are anecdotes with bias, but honestly, the
               | random internet commenter has less incentive to massage
               | the data than WC.
        
               | htormey wrote:
               | Also, are these figures factoring in things landlords are
               | doing now to sweeten the deal without dropping the per
               | month/sq price?
               | 
               | I.e giving months away for free or other incentives like
               | that? Anecdotally I've heard office rent is way down as
               | well.
        
           | pradn wrote:
           | Some loans are backed by certain rent levels. So commercial
           | real estate owners don't have as much freedom to reduce their
           | prices as you might think.
        
           | acchow wrote:
           | Commercial leases are often multi-year. If they expect the
           | high vacancy rates to evaporate within a year or two, why
           | would they drop the rates now to fill the vacancy?
        
         | ttul wrote:
         | At those vacancy rates, the only thing holding up rents is the
         | overwhelming amounts of liquidity in the economic system. Land
         | owners still have cash, in other words. Back in 2001, I rented
         | an office for free. The landlord could then reduce his property
         | tax rate by showing the city that it was occupied at zero rent.
         | Stranger things might happen this time around with 20% vacancy.
        
         | redis_mlc wrote:
         | You missed out on the "dot bomb" in 2000.
         | 
         | There were tunbleweed-like plants blowing around the streets of
         | SOMA, and you could park on the sidewalk and nobody would
         | notice or care.
         | 
         | The vacancy rate was probably over 50%, and in some blocks
         | 100%.
        
       | spamizbad wrote:
       | Good? Always seemed problematic so much tech was all tied up in
       | SF and the Bay Area.
        
         | ardit33 wrote:
         | It is the only true city in the area, where younger people can
         | have a urban lifestyle... the rest is depressing suburbia....
         | San Jose, and the rest feels like a cultural grave. The only
         | other town that is walkable is Berkley, but that is too small
         | for hosting large companies. Also, parts of Oakland, but the
         | city itself has major governance issues, and crime in general.
         | 
         | I think NYC and Austin are booming right now. While nyc is a
         | world class city, the 'progressives' have taken over the NY
         | State legislation, and personally it is worrying.
         | 
         | While some of the legislation might be long overdue, and good,
         | there are many parts of the 'progressive' movement that is just
         | nihilistic, and destructive in the long run and it might end up
         | goin the route of SF. So, this year will be the wait and see
         | year on how NY will move forward. If it goes the way of SF
         | (with destructive policies) it might not look good.
         | 
         | But, NYC-ers are more rational, and both of the leading
         | candidates for Mayor seem to be more in the centrist, or center
         | left camp, and the far left / super progressive ones are not
         | doing well.
        
           | spamizbad wrote:
           | All of the cities you mention have progressive leadership and
           | that's not likely to change. Most non-progressives have
           | decamped to the suburbs (or "depressing suburbia" as you call
           | it) decades ago.
        
           | gfodor wrote:
           | When you have young kids 'depressing suburbia' can be a
           | feature not a bug.
        
             | closeparen wrote:
             | Until they need to go places during the day and your whole
             | life becomes dedicated to driving them around.
        
           | astrange wrote:
           | NYC is just about as bad at housing as the Bay Area is, but
           | the problem hasn't gone on for as many decades so you haven't
           | noticed yet. NYC population is actually shrinking for this
           | reason, and there are several silly rules (not by modern
           | progressives) like high IZ for "affordability" that prevent
           | all construction, and I think they're about to essentially
           | ban new hotels.
           | 
           | Btw, the reason progressives didn't take over before is that
           | Cuomo was actually conspiring to make his own party the
           | minority in the legislature, because he thought if he was
           | forced to ever actually do anything it'd hurt a future
           | presidential run.
        
           | thereare5lights wrote:
           | > and crime in general
           | 
           | That's no different in SF
        
             | cyberbanjo wrote:
             | I thought Oakland was worse
        
               | neltnerb wrote:
               | Oakland is a big place. It varies by neighborhood same as
               | San Francisco. Most is fine, certainly no worse than the
               | Tenderloin.
        
               | astrange wrote:
               | How does SF have so many neighborhoods when it's so
               | small, anyway? You can walk across the city and back in a
               | day.
        
               | mandelbrotwurst wrote:
               | How big does a neighborhood need to be / how many should
               | it have?
               | 
               | The neighborhoods in SF as most people think of them are
               | larger than the areas that many suburb residents tend to
               | think of as defining their neighborhoods.
        
               | astrange wrote:
               | It's more than suburban areas bleed into each other less
               | because you can't walk between them - instead there's
               | some dense areas you drive between.
        
               | mandelbrotwurst wrote:
               | That's not exactly a high bar
        
               | neltnerb wrote:
               | And the vast majority of Oakland is fine. I used an
               | extreme example to demonstrate that the idea that Oakland
               | has worse crime issues than SF is highly dependent on
               | where you happen to be. Oakland is just physically huge,
               | suggesting it has an issue with "crime in general" is
               | myopic and ignores that almost all of it is fine, same as
               | SF.
        
               | mandelbrotwurst wrote:
               | Ah OK, gotcha - I misinterpreted your comment as meaning
               | things are fine in the Tenderloin.
        
               | jackfruitpeel wrote:
               | I'm living in one of the nicest neighborhoods in Oakland,
               | and I would definitely not consider it "fine". The area
               | is beautiful, but we're plagued by gunpoint robberies,
               | burglaries, dumping, etc -- people coming in and treating
               | us as a place to loot and leave.
               | 
               | I love Oakland, but I'm gone as soon as our rent is up.
               | There's a general lawlessness here that's incredibly
               | frustrating.
        
               | 101001001001 wrote:
               | My friend lives in the Oakland hills which is one of the
               | nicest areas in oakland. His car has been stolen three
               | times in the past five years. They've had an attempted
               | break in and a contractor they hired had his truck
               | stolen. Oakland is a hell hole.
        
       | godot wrote:
       | It's somewhat interesting that some numbers are based on the bay
       | area (drop in bay area tech workers inflow/outflow, what
       | percentage of bay area workforce will remain remote), while other
       | numbers based on San Francisco alone (drop in SF residents, SF
       | GDP, business tax revenue, etc.).
       | 
       | I know that outside of California, the world views "SF" and "the
       | bay area" mostly as one and the same. Based on anecdotes I feel
       | like this doesn't tell the full story, though maybe it does give
       | you a high level overview (like this site does).
       | 
       | Among both personal friends and coworkers, ex-coworkers (from a
       | decade+ of working in the bay area) -- surely there are people
       | who move out of state (to Denver, Austin, Miami, etc.); but the
       | more common trend is -- people who used to live in SF are moving
       | out to the east bay / surrounding areas; and people who were
       | already in the east bay before move even further away (Sacramento
       | area, etc.). Another interesting bit -- Sacramento doesn't get
       | talked about in tech circles and sites like this and related
       | articles, because it's not supposed to be the "next sexy tech
       | town", but in reality is a _lot_ of people have moved here since
       | the pandemic, both tech and not. I moved here before the
       | pandemic, and witnessed the housing market rise more than the
       | east bay (where there 's already an influx of SF people moving
       | to) this past year.
       | 
       | All I'm saying is there's a lot of nuances in this general
       | exodus!
        
         | eagsalazar2 wrote:
         | Anecdotal but this isn't my personal experience at all. Almost
         | everyone I know is moving home to be closer to family like the
         | midwest, east coast, etc or to awesome lifestyle towns like
         | Park City, Truckee, Jason Hole, Boise, SLC, Boulder, etc, etc.
         | Of 20 people I can name off the top of my head who've left SF
         | area, only a couple migrated from SF to Oakland, etc.
        
           | lacker wrote:
           | I would like to counteranecdote and say that the nice east
           | bay neighborhood I live in is getting flooded by families
           | leaving San Francisco right now.
        
           | dragonwriter wrote:
           | > Anecdotal but this isn't my personal experience at all
           | 
           | Yes, but there have been plenty of nonanecdotal studies, and
           | the surge in Bay Area (and broader urban coastal California)
           | outmigration around the pandemic has been overwhelmingly to
           | inland California, particularly (in the Bay Area case) the
           | Sacramento region. (California had a preexisting net domestic
           | outmigration, too, but that's separate from the more recent
           | "San Francisco tech exodus", which is specifically part of
           | the pandemic urban outmigration.)
           | 
           | Unfortunately for my finances (being a Sacramento-area
           | homeowner that isn't going to sell right now), that'll
           | reverse when the reasons people valued the coastal urban
           | centers are restored with full economic reopening.
        
         | slownews45 wrote:
         | This for sure. East bay, north bay all getting SF exodus. Then
         | my friends in richmond moved even further away but still
         | extended bay area. The place with the most at risk is SF. Still
         | huge concentration of wealth, but the non- employment factors
         | have been hurt.
         | 
         | Gone very light on crime - super light. At some point folks
         | just get tired of dealing / seeing consequence free crime right
         | in front of them. I think families with kids being impacted
         | there particularly.
        
           | SiVal wrote:
           | _I think families with kids being impacted there
           | particularly._
           | 
           | Yes, one example that is not widely known of what happens
           | when the Lions of the Left have the power to do what they
           | really want is public middle school algebra in SF. ("The Lion
           | of the Left" was the self-given nickname of one of SF's most-
           | loved talk show hosts back in the 90s.)
           | 
           | SF grandees noticed that some races tended to take geometry
           | (the class after algebra I) more than others. The number one
           | goal of public education, they claimed, was to "close the
           | achievement gap", so they eliminated geometry from middle
           | school. If no one took it, no one who didn't take it would be
           | behind, so no gap.
           | 
           | But then they noticed that some races still took algebra I
           | more often than other races. So they eliminated that, too.
           | [1] No one, no matter how well prepared, would be allowed to
           | take algebra in any public middle school. The best students
           | would be required to take the same classes as the worst, for
           | great justice. Achievement gap closed.
           | 
           | Except that better students still had four years in high
           | school to try to catch up to where they would have been if
           | not held back, and not all races were equally likely to do
           | this.
           | 
           | So, for more justice, all public schools in SF were required
           | to keep their best math students in the same classes with the
           | worst all the way from K-10. They are now only allowed to be
           | different individuals the final two years of HS. Anyone who
           | wants to take calculus in a SF high school now has to
           | scramble to cram two years (algebra II/trig & pre-calc) into
           | 11th grade to (poorly) prepare for calculus in 12th--until
           | that miscarriage of justice can be eliminated, too.
           | 
           | Those who can afford it go to work at tech companies where
           | they use various means to silence the "haters" who resist,
           | while sending their own children to private schools that
           | don't have these policies.
           | 
           | Many of those who can't afford it have been moving out of the
           | city to suburbs that have begun the process (lots of
           | districts have now eliminated middle school geometry and
           | advanced placement classes) but are still lagging behind SF
           | in implementing full justice. (Big Tech is working on it, but
           | pockets of resistance remain.)
           | 
           | SF Chronicle, a big proponent of policies like this,
           | describes it as positively as they can: [1]
           | https://www.sfchronicle.com/education/article/SF-schools-
           | mov...
        
           | BurritoAlPastor wrote:
           | What crime? I've got complaints about living in SF, but it's
           | basically crime-free from my experiences.
        
             | nitrogen wrote:
             | Not the OP, but while I was living in SF I saw drugs sold
             | on the street, needles left on the ground in public parks,
             | people stealing registration stickers off license plates,
             | smashed car windows, people blocking sidewalks and
             | harassing pedestrians, ridiculously unsafe driving (e.g.
             | running reds including cops, ppl cutting across three lanes
             | to make a left from the right lane, etc), guests who
             | visited me were flashed by randos, a dude was jerking into
             | a newspaper box by the BART, neighbors would smoke inside
             | nonsmoking apartments with shared ventilation, etc.
             | 
             | I'd move back again for work if I have to, but it would
             | take a lot of $$$$ to convince me.
        
               | olyjohn wrote:
               | Sounds like parts of just about every big city.
        
               | mc10 wrote:
               | Many of these are absent in New York, including very
               | visible homeless encampments, so no, these are not in
               | "just about every big city"; many of these are specific
               | to West Coast cities due to a failure in public policy.
        
             | dcolkitt wrote:
             | I think it's really easy how normalized a person can get to
             | petty crime. Like a frog in boiling water. You'll talk to
             | people in SF who totally brush off smash-and-grabs. They'll
             | say something like "stupid me, shouldn't have left my
             | AirPods visible in the center console." You don't even
             | realize that it's not normal to have to worry about stuff
             | like that.
        
               | mercutio2 wrote:
               | It is normal to worry about smash and grabs in every US
               | urban area I've ever lived in or visited.
        
             | [deleted]
        
           | duderific wrote:
           | Anecdotally, my sister moved to SF from the east coast a
           | couple of years ago. After her patio was burgled a few times,
           | she didn't feel safe so she and her husband moved to Santa
           | Rosa, about 90 minutes north. She's happy as a clam there.
        
         | gopalv wrote:
         | > Sacramento doesn't get talked about in tech circles and sites
         | like this and related articles, because it's not supposed to be
         | the "next sexy tech town", but in reality is a lot of people
         | have moved here since the pandemic, both tech and not.
         | 
         | Sacramento also has a train line that takes you to Santa Clara,
         | which is better than driving - this has made it a better choice
         | for a few of the folks to consider that over Dublin or
         | Pleasanton in the most recent migration (Amtrak is close to a
         | lot of hardware-lab specific jobs like Nvidia, Lockheed,
         | Marvell, GlobalFoundries and Arista), though that connectivity
         | might shift if BART finally loops around to SJC.
         | 
         | Also Sacramento has good schools, decent federal funding pull
         | (over say Tracy) and an airport with a few direct flights from
         | Seattle or NYC.
         | 
         | The only downside pretty much is the weather in comparison and
         | that too not by much.
        
           | Judgmentality wrote:
           | > The only downside pretty much is the weather in comparison
           | and that too not by much.
           | 
           | Sports, bars, culture, muni metro, proximity to the ocean,
           | proximity to nature (I can be alone in natural parks with
           | less than 30 minutes of driving from my house in SF), jobs,
           | dating, restaurants, I could go on.
           | 
           | I'm not even someone that plans on staying in SF (I actually
           | don't like it that much), but there are lots of downsides if
           | I left for Sacramento. I realize there are upsides as well,
           | but I think it's disingenuous to say 'Sacramento is as good
           | or better than San Francisco except for the weather'
        
             | vincentmarle wrote:
             | Endless homeless people and camps, needles on the streets,
             | feces on the streets, yelling drunks, crime and burglaries.
             | 
             | Yeah, SF definitely has a "lot" going for it. Glad I left.
        
         | dotBen wrote:
         | Keep in mind SF.citi is a policy advocate/lobbying group for
         | San Francisco legislation rather than the Bay Area more
         | generally.
         | 
         | But they blend in wider Bay Area population stats because this
         | is really about jobs that generate SF payroll tax which gives
         | these employers a tacit say and leverage. Remember if you live
         | in Oakland or Redwood City but are employed in San Francisco
         | city/county, some of your payroll tax is being generated to
         | benefit the city of San Francisco even if you are not a
         | resident there.
         | 
         | That's why SF City is worried about SF based businesses and SF
         | Bay Area workers.
         | 
         |  _(BTW this is also why cities such as Mountain View and
         | Cupertino want to attract large business campuses like Google
         | and Apple but don 't want to build homes - they get more income
         | from growing payroll tax but don't then have to spend more on
         | schools, services etc for a growing population - they shift the
         | burden onto other cities and counties that house those workers
         | as they then have to generate tax revenue from other means)_
        
           | dragonwriter wrote:
           | > But they blend in wider Bay Area population stats because
           | this is really about jobs that generate SF payroll tax which
           | gives these employers a tacit say and leverage.
           | 
           | SF doesn't have local payroll tax, it has a local _income
           | tax_ that applies both to residents and to nonresidents on
           | income earned in SF.
           | 
           | EDIT: Actually, this is wrong, too; despite a lot of sources
           | indicating it. Sab Francisco _had_ a 1.5% payroll expense
           | tax, but voted to phase it out in 2012, and then (while it
           | had declined to a much lower but nonzero number), voted to
           | eliminated it last year, both times in favor of a gross
           | receipts tax on business
        
             | lemoncucumber wrote:
             | > SF doesn't have local payroll tax, it has a local income
             | tax that applies both to residents and to nonresidents on
             | income earned in SF.
             | 
             | This is false. There are some low-quality websites that
             | have incorrect information about a nonexistent 1.50% SF
             | income tax, if that's where you're getting your
             | information.
             | 
             | San Francisco used to have a payroll tax up until last
             | year, when Prop F replaced it with a gross receipts tax.
             | [1]
             | 
             | [1] https://sftreasurer.org/prop-f-overhaul
        
               | bumby wrote:
               | Do you happen to know the reason for favoring a gross
               | receipts tax over the previous payroll tax? Just curious
               | as someone who previously lived in an area with a Griggs
               | receipt tax, it seems it was universally despised.
        
             | [deleted]
        
         | burlesona wrote:
         | This matches my experience as well. Sacramento is underrated
         | IMO. It's a nice city, and being under 3 hours to both SF and
         | Lake Tahoe is great.
        
         | nr2x wrote:
         | I'm relocating to Bay Area right now, would love to live in SF,
         | but the schools are grossly mismanaged so I'm going to MV
         | instead. I doubt I'm the only person.
        
         | davidw wrote:
         | > but the more common trend is -- people who used to live in SF
         | are moving out to the east bay / surrounding areas
         | 
         | Emily Badger had an article in the NYT recently showing exactly
         | this. People are moving from the core to the "suburbs".
        
         | notsureaboutpg wrote:
         | I have heard a lot of people say online that most people are
         | suburbizing but not leaving the bay, but this does not match my
         | experience.
         | 
         | Many, many people only moved to the bay in the first place
         | because of job availability and not for the reasons others
         | describe (e.g. the weather, the people, the policies, the
         | cosmopolitanism). And many of us left behind our families and
         | friends to do so. Of this group of people, many many have
         | returned, almost my entire group of friends from college. I
         | myself moved closer to my parents and embraced fully remote
         | work.
         | 
         | The bay area is lionized, especially on sites like this, but
         | many tech workers dislike it for various reasons and are happy
         | to get the ticket to jump ship.
        
       | sQL_inject wrote:
       | I'd posit a unpopular viewpoint: that the attachment to the
       | 'Bohemian' culture is more or less an unhelpful, unprogressive
       | fixation with the past, shamelessly fueled by hypocritical NIMBYs
       | in the city with obvious incentives regarding home value. Can
       | anyone explain why the old SF culture is any more relevant than
       | Byzantine culture?
       | 
       | As an Artist and an Engineer who used to live in SF and moved
       | south recently, I'd argue most of the folks I interacted with in
       | this oft-cried-over demographic were more aptly described as
       | aspiring artists, and that their net contributions to the
       | 'culture' were mimetic and surface-level at best. If you take
       | away the weed, bob marley shirts, and hemp shopping bags, what
       | exactly can we say they did?
       | 
       | None of this is to say the 'nerds' were contributing much to the
       | culture themselves, but I don't think there's much of an argument
       | against them other than that they're boring, rich, and talked
       | about Apps. These same people brought in quickly consumed tax
       | revenue which the city has gorged into in its gluttonous waste.
       | 
       | The root of the problem is the mistrust of the 'Other,' the
       | 'Outsider' as new folks (often Nerds) immigrate to the city,
       | which IS a net benefit to the blending of cultures and ideas. The
       | fixation of preserving the crumbling vestige of the past is what
       | prevents the service level workers from ever regaining a
       | foothold, and the scapegoat is the Nerds, when it should be the
       | landlords and Old Guard.
        
       | nscalf wrote:
       | In my opinion, SF has peaked. I personally moved to SF during the
       | pandemic, and am planning to move out when my lease is up. The
       | amount of disarray in the city is wild. Crime seems to be
       | entirely ignored, the homeless problem has exploded and there is
       | a widespread hate if you call it for what it is: a public health
       | and humanitarian crisis. And the most important thing that SF had
       | to make it a tech hub has been broken and moved online: the
       | network effect.
       | 
       | I moved here because I felt like I didn't have a choice if I
       | wanted to build or be part of successful startups, now I feel
       | like living here is hindering that process. You can live anywhere
       | and get cheaper talent across the country, pay less taxes, and
       | have almost the same upsides.
        
         | 762236 wrote:
         | You have to live someplace with a moonlighting law to have the
         | same upsides. Otherwise, prepare to sign a work contract where
         | the employer owns every thought in your head, and every piece
         | of code that you write on you own time (like when trying to
         | make a startup on the side).
        
           | ghaff wrote:
           | Or just don't work for a company that has such requirements
           | in their contracts. Just because something is allowed doesn't
           | mean most/many/all companies do.
        
       | mbgerring wrote:
       | Important context for reading this is that sf.citi is Ron
       | Conway's organization through which he acts as a political power
       | broker and secures political favors for the tech industry. It is
       | in his interest to create the impression that the tech industry
       | in SF is experiencing some kind of crisis in order to extract
       | money, tax breaks or other favorable treatment from the Board of
       | Supervisors.
        
       | sharadov wrote:
       | I think this so called "exodus" is temporary. Young people will
       | come back to SF, it's the only city in the larger Bay Area which
       | has culture and vibrancy. San Jose downtown area has plenty of
       | potential, and it was seeing a renaissance pre-covid - google
       | buying a lot of land and looking to expand is a good sign. I miss
       | the SF of the early 2000s, where there was a bohemian quirkiness.
       | Unless prices come crashing down it's highly likely any artist
       | could sustain himself.
        
         | kilbuz wrote:
         | Everyone misses the SF of their youth. As will current
         | residents.
        
         | htormey wrote:
         | Oakland night life isn't that bad :)
        
           | nkellenicki wrote:
           | I moved from SF to Oakland last year during the pandemic, and
           | honestly, Oakland is just as great as SF for restaurants,
           | bars, and nightlife... as long as you have a car or method of
           | transportation.
        
             | Apocryphon wrote:
             | What neighborhoods? Downtown is pretty quiet.
        
             | mtc010170 wrote:
             | I know very little about the Bay area, so I'm not saying
             | you're wrong. But I don't understand how that evaluation
             | could be accurately made during the pandemic.
        
             | Ericson2314 wrote:
             | That is quite a caveat. Public transportation is a must to
             | have a cultural scene that is both vibrant and not
             | homogeneously upper class at scale.
        
       | rpearl wrote:
       | The article they cite
       | (https://www.sfchronicle.com/bayarea/article/People-are-leavi...)
       | for claiming 10% of SF left is kind of misleading; 8 of the top
       | 15 places they went to are _also_ in the bay area, and all but
       | one was in California.
       | 
       | "SF residents move to Oakland and Berkeley" isn't a very exciting
       | headline though
        
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