It’s not like everyone is clamoring to live in say, Georgia.
https://www.hsh.com/finance/mortgage/salary-home-buying-25-c...
https://swz.salary.com/SalaryWizard/Software-Engineer-IV-Sal...
And let’s be honest. $1,050,000 “the median house price” doesn’t get you much.
A lot of people who work at Facebook and Google would still rather live in SF and commute 2-3 hrs roundtrip each day rather than live in Menlo Park/Mountain View (or surrounding cities).
Tech companies are going to start where the talent is, and a bulk of that talent want to live in SF.
I lived in cupertiuno for 2 years and you could cut off all my fingers and I could still count how many times my friends that live in the city would rain CalTrain south to come visit me.
> what people consider an
> authentic San Francisco
> experience in 2019
(U+1F4A9) 💩(HN isn't compatible with the authentic San Francisco experience...)
I've long marvelled at why Oakland rather than SF is not the natural hub of the SF Bay Area. It has everything SF lacks: indigenous water (EBMUD), a working port, space, improved climate (still gets fog, but not as socked in as SF), transporation (highways, BART, airport), a major technical university at its doorstep (Cal), and bedroom communities at its back (MorInDette, Walnut Creek, Pleasant Hill, Concord), as well as the east-bay communities to the south, and a direct BART link to downtown San Jose (as of quite recently).
But somehow it's SF, PA, MV, and Santa Clara that own tech.
The reason SF and not Oakland is simple racism.
But ... what's Santa Clara University's significance? It's always seemed a minor local school to my knowledge.
If anything, SJ State would be a bigger factor, turning out armies of technical and applied (rather than theoretical) engineers.
Also Fairchild semiconductor was in Sunnyvale and was a hub for a lot of the following Silicon Valley development. Finally William Shockley moved to Mountain View to be closer to his ailing mother and founded Shockley semiconductor.
These are all why peninsula and not Oakland, but SF vs SJ I am less clear on. When I moved to the bay about 13y ago the center of tech was on the peninsula but people were starting to look to SF. I think the refocus north is relatively more recent.
Then Shockley, and Intel, and we're off to the races.
The move to SF is definitely more recent. South Park, Reddit, and Twitter led much of that.
Finally William Shockley moved to Mountain View to be closer to his ailing mother and founded Shockley semiconductor.
No, Shockley preceded Fairchild Semi. The latter was founded by the "traitorous eight" who fled Shockley.Until the SF-Oakland Bay Bridge was built, railcars were ferried across the Bay (though yes, the Peninsula SP lines also existed, and have some interesting corporate legal landmark case history and shenanigans). Then, after the tracks were torn up for the lower-deck reverse auto flow, Oakland and Richmond served as the principle railyards on the East Bay, for the Santa Fe.
I don't know what port tonnage compared across the years in SF and Oakland, but I'd be surprised if Oakland hadn't surpassed SF at least during WWII, if not before.
Source: A Tale of Two Bridges, p. 20, https://books.google.com/books?id=XiyVDwAAQBAJ&pg=PT20
Or are there other political/zoning reasons that make SF more attractive? I believe SF is giving some rich companies discounts to keep them around and reap (I assume) local taxes?
I knew a number of people who moved to the SV area, got FAANG type jobs way down in the Valley, and yet still chose to live in SF enduring hellish commutes. I never could quite understand why.
SJ is part of the Bay Area and absolutely has skyrocketing costs; it usually tops the lists of cities with the fastest growing housing prices.
When I got a job in Redwood City (in between the two), I thought about moving there from SF, but found the costs to be about the same to live there versus SF.
So I stayed in SF; it's definitely the anchor of culture of the Bay Area. For everything outside of work it's a much better place to be (for me, a single queer person, especially). I since got a job in SF and have no intention to move or work south again.
In fact, the general trend has been for companies to move towards SF away from the peninsula, but mostly because it's where workers want to be. It's much more easier to get by without a car in the city than in the peninsula, it has much better clubs/nightlife, etc. For a young person, the city (meaning SF) is often much more appealing, though of course different people have different preferences.
Of course, late at night I once did SF-SJ in 45 minutes. Having tried every solution at all times of day (e.g., biking to the caltrain, carpooling, etc) the "big bike" always wins; truly off peak the car is just as fast, in theory (and, hey, safer and more comfortable... but less fun).
But, let's be honest all the solutions are stressful and sucky. You can trade time for stress to a certain extent, but you're spending a lot of both no matter what.
But far from theoretical.
I'd not recommend it.
NYC is way more dense than the Bay Area. It’s not exactly a cheap place to live.
I grew up in the South Bay. I can answer that question.
The South Bay is eye bleedingly BORING by design. It's an absolutely terrible place for a teenager or young adult. Most of the fun stuff in the city is illegal in the south bay.
Most of the young people I know who work in tech want to live in or near San Francisco -- it has nightlife, restaurants, cultural events, etc. This is especially the case for people who are not from the Bay Area originally. When they start looking into buying property or having children a lot of them leave San Francisco and move closer to the suburbs.
(This comparison is unfair to both Queens and the Bronx, mind you.)
Population of San Jose: 1.0 million.
Population of San Francisco: 880k.
It didn't emerge in SF. Quite the contrary, virtually all tech startups for most of the Bay Area's history were no farther north than Menlo Park, and often much farther south (Netflix was founded in Scotts Valley). That's why YC was headquartered in Mountain View until recently.
SF only became a startup hub within the last decade, IMHO in response to the desire of Millenials to live in urban environments.
Because VCs are mostly investing in software startups with twentysomething who are stupid enough to believe the hype. Those who believe hype want to live in the "cool" area, and that's San Francisco or Berkeley--not San Jose.
Those people building real businesses don't care, and probably aren't even located in the valley anymore.
It it only during the present decade that startup activity has appeared in force in SF, away from Silicon Valley. Due largely (I believe) to the tax breaks SF created in 2011 to encourage that.