Airbnb bookings for the solar eclipse reach astronomical levels

San Jose was a farming town until the 1980s.

Most of SJ's neighborhoods (eg. Alviso, Lick, etc) were actually small farm towns that merged into the City of San Jose in the 70s.

That's why SJ feels kind of bland - it's a very new city, sort of like Phoenix, Dallas, and much of Los Angeles.

Your point however is (less charitably) put as "I can't purchase a house where I want the house to be, with the specs that I want", which is different than not being able to afford any house anywhere.

My parents also purchased a house with modest income when I was young. But it had fraying electrical (knob & tube!), peeling paint, 1 bathroom, no A/C, a wood-burning fireplace for heat, and was 45 minutes from where they had rented/liked to live. The place had its charms, they put sweat equity into it for many years, and I think of it fondly - but it was still a huge compromise, and by today's strict lending standards was probably not even able to be financed based on hazards alone. I am sure they would have preferred to purchase a house with bay windows overlooking the ocean like they had been renting, but they could afford something that was inland and needed a lot of work. I do not think they were unique in this way - I wager a lot of 'my parents bought a house in the 80s, dad was an artisanal pencil sharpener and mom was a ferret breeder' stories are actually more like this one.

My point is, I am by default unconvinced when an otherwise seemingly successful person says they can't afford to buy, even in an expensive place like Toronto or SF. As far as I can tell it just means they haven't lowered their standards enough yet. I have compromised on every home I've bought; in fact I entered the market a lot later than I should have because as a first-timer I wasn't ready to compromise enough. That probably cost me half a mill in appreciation over the years.

Exactly!

The bonus plays a massive role in Analyst compensation, and during 2020-present, the bonus was slashed severely due to a lack of late stage dealflow.

The work hours at GS and JPM were still as crappy as before, but the bonuses were trash when factoring stock and bonus compensation their peers were getting.

A bunch of my mentees made the switch to PM, SWE, VC analyst, or Founding explicitly because of that.

With that said, I think most people recognize that there are some jobs where the goal is to make maximal money first, morals second. Like, oil executives for example I think most people would agree don't have the benefit of the doubt that they were just trying to make an honest living.

Its a sliding scale, and for some people I think 'tech bros' end up on the greedy / immoral side. I know that for me at least, anytime I'm outside of a tech hub, the response to saying that I'm a software developer is often 'oh . . .'

Selling toilet paper for $15 a roll when shelves are empty is price-gouging, selling eggs for 5% more than last year isn't.

As we saw during the pandemic and with the start of the war in Ukraine, price increases often come after major supply disruptions or sudden increases in demand. Markets often don’t do well at adjusting after big surprises. There can be multi-year lags.