Hacker News Reader

Comment by pascalxus | Hacker News Reader

CA desperately needs more housing, especially places like the Bay Area. If this proposition passes, it might be a real good thing.

View on HN

Does it, though? Rents are leveling off in SF. Also, it's about time for this boom to collapse. When the first dot-com boom collapsed, about 40% of the twentysomethings in SF left.

The big moment will be when Twitter goes under. They're the most visible troubled "tech" company in SF. If Uber tanks as well, SF's housing problem will be over for a while.

(Twitter will live on, but it will probably be acquired by somebody like IAC, which buys troubled services at a discount and runs them cheaply. They own "about.com", "match.com", "dictionary.com", Vimeo, Ask, etc. If they ran Twitter, it would have far fewer employees.)

Rents in SF (and the rest of the Bay Area) are absolutely outrageous for anyone who isn’t a highly paid professional or already independently wealthy. Ideally SF rents would drop to half their current levels, or below.

CA has too much housing already. Consider water availability and traffic jams. In LA and sometimes in San Jose, consider smog.

Why does everybody have to live there anyway? The country would be way better off if 25 million people left there for Tennessee, West Virginia, Mississippi, Kentucky, Michigan, Maine, Indiana, Arkansas, and Louisiana.

If only.

Tennessee is quite nice as is Maine.

yeah no kidding, blue hipsters need to spread their progressivism to the rest of the country(as I noticed most of those states lean Republican), if we're ever to have a more progressive country.

Reply on news.ycombinator.com