It's funny how crashes are almost psychological play at times. I hate "yo" as much as the next guy, but the pain of seeing a significant depreciation in wages for anyone far out weighs the joy I'd see from having my "gut feelings" about a bubble being proved right.
Much of the Bay area has had expensive housing for decades. Even if there's a downturn that disproportionately hits SV startups, the impact on Bay area housing prices is probably going to be pretty minor in the grand scheme of things.
- Austin
- San Diego
- Washington, DC
- New York
- Portland
- Pretty much any state capital will have agencies with plenty of contract development workRaleigh/Durham and Seattle are better options.
Ha, I wish. The market might cool off, but it's like saying it will be great moving to Manhattan once rent there becomes dirt cheap. Barring catastrophic events (e.g., war, a confluence of epic natural disasters, an alien invasion), not in our lifetimes.
>This was the situation of the Great Depression when here we were still, in a material sense, a very rich country, with plenty of fields and farms and mines and factories...everything going. But suddenly because of a psychological hang-up, because of a mysterious mumbo-jumbo about the economy, about the banking, we were all miserable and poor - starving in the midst of plenty. Just because of a psychological hang-up. And that hang-up is that money is real, and that people ought to suffer in order to get it. But the whole point of the machine is to relieve you of that suffering. It is ingenuity. You see we are psychologically back in the 17th century and technically in the 20th. And here comes the problem. So what we have to find out how to do is to change the psychological attitude to money and to wealth and further more to pleasure and further more to the nature of work. And this is a formidable problem.
-Alan Watts: Money, Guilt, and the Machine