They Can’t Leave the Bay Area Fast Enough
nytimes.com
nytimes.com
>Chesa Boudin was only fourteen months old when both his mother and father, members of a left-wing terrorist group called the Weather Underground, were arrested as accessories to the murder of two police officers and a security guard during the 1981 robbery of a Brinks truck. His mother served over twenty years, while his father is still incarcerated almost forty years later (Boudin was raised by Weather Underground leaders Bill Ayers and Bernadine Dohrn). Boudin has said that his earliest memories are of visiting his parents in prison and these experiences formed his political views. Perhaps because of this personal history (along with a general commitment to doctrinaire leftism that saw him work for and praise Hugo Chavez long after he revealed himself to be a strongman intent on governing for life), Boudin has made decarceration — the reduction of the numbers of people held in jails and prisons — his signature issue.
This whole Batman effect of having their personal lives outwardly influence their professional-lives has dramatic impacts for everyone else.
Plenty of people still want to be in the Bay Area. The previous situation was far too oversubscribed for the amount of space and housing available. Release some of that pressure and the city could become more attractive again. They will still need to solve the crime issues, though.
The last burrito he had in San Francisco cost $15."
I remember burritos going for $2.50 in San Francisco in '96 ($4 got you a monster burrito, I never could have finished one of those).
Now burritos is not where most money goes, but I can't help to wonder if the absurdly increased cost of living in the S.F. Bay Area in the last 25 years isn't an impediment for start-ups. Most of those won't be able to pay 'competitive' salaries, but feed their employees promises and hope instead. FAANG employees can afford to live in S.F., but how do those living on a shoe-string budget and working for a start-up manage?
The remaining companies that are pre-IPO or pre-exit will be "go big or go home" types.
SF and Bay-Area at that point is basically a status indicator.
Not an expert on the SD burrito scene, but looking at a random survey (https://sandiego.eater.com/2018/8/8/17660256/california-burr... ) suggests that most of them are in the $6-8 range, for a smaller burrito than the SF Mission ones that are my point of comparison. (Amusingly, that article actually does include a $15 burrito.)
Speak for yourself!
1. California has the strongest non-compete laws in the nation, was this something that influenced your decision?
2. California has IP laws which are to the effect that "what you create in your own time with your own resources cannot be used by your employer" (disclaimer IANAL). This has a grey area for large FAANG type employers that can enter any domain, but Bay-Area has lots of companies doing amazing things. So it opens up opportunities to start new companies in new frontiers.
The above two are still major factors that are preventing me from leaving California at least despite the high taxes, rents etc...
Bay-Area is still the best place w.r.t to getting investment and finding interesting tech-companies.
I'm curious what thoughts others have here.
Biggest issues were 1) no state income tax, 2) money goes a lot further, 3) gov't policies unfriendly to businesses and middle class, 4) more moderate political climate, 5) better social life.
What I miss the most is the more temperate weather and being able to grow food in my backyard.
You can always move back to California and work for a California employer, at which point the courts will likely nullify any non-compete as contrary to California law and public policy.
However, it is Texas, and there is lots of room to spread out. If you never find yourself in the city center then you will not see it.
One of the problems going on everywhere in the US right now is that places won't drop rent. Apparently, you can tack missing rent onto the end of your financing, but if you offer lower rent the bank holding your financing can call you up and demand cash.
This is going to totally screw up recovery as everybody will leave places empty until they're about to go bankrupt. And then everybody will go bankrupt simultaneously rather than piecemeal.
"So he and his family moved to Austin. For the same price as their three-bedroom apartment in Cupertino, they have a five-bedroom home on an acre of land. For the first time, Mr. Boydas has outdoor space. "
Pace of life is a bit slower but that is kind of nice too if you’re older and have a family.