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View Diary: There's a reason Silicon Valley is Indigo Blue (172 comments)

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  •  I wouldn't call Silicon Valley progressive (13+ / 0-)

    at least generally speaking. There's actually a strong Libertarian streak that has no patience for making government work better. Yes, they're socially liberal, but when it comes to making more money versus helping improve conditions for all parts of society, they'll go for the money. Yes, there's a bit of that self-perpetuated myth that the next great app is going to change the world for the better, but it usually only works for those who have enough already. If you don't believe me, come to SF and find any of the tech companies involved in anything else besides driving up real estate and rents.

    Ecology is the new Economy => Kosonomy

    by citisven on Thu Oct 24, 2013 at 11:44:30 AM PDT

    •  And don't even mention gender/minority represen (7+ / 0-)

      tation because they get in a huff about that and come up with all kinds of post-racial/gender philosophical excuses.

      If I knew it was going to be that kind of party, I'd have stuck my ---- in the mashed potatoes! - Paul's Boutique

      by DoctorWho on Thu Oct 24, 2013 at 11:57:59 AM PDT

      [ Parent ]

    •  It's hard to come to come to the Bay Area (3+ / 0-)
      Recommended by:
      Simplify, Chas 981, citisven

      and NOT "drive up" the rent and real estate prices -- unless you want to live in a tent in Golden Gate Park.

      And the locals get kind of itchy about that.

      Prices are what they are. Folks pay them or they don't.  There are global issues at work here:

      Chinese buyers accounted for 18% of the $68.2 billion that foreigners spent on homes during the 12 months ended March 31, according to the National Association of Realtors.

      At a median price of $425,000, the Chinese are also buying more expensive homes than other foreign buyers, who spent a median of nearly $276,000 on U.S. homes. And nearly 70% of those pricey Chinese deals were made in all cash.

      Nowhere is the influx of Chinese homebuyers felt more strongly than in California, where more than half of the homes sold to foreign buyers went to Chinese nationals.

      The data shows that half of Chinese real estate purchases were targeted in California.

      © grover

      So if you get hit by a bus tonight, would you be satisfied with how you spent today, your last day on earth? Live like tomorrow is never guaranteed, because it's not. -- Me.

      by grover on Thu Oct 24, 2013 at 12:44:39 PM PDT

      [ Parent ]

      •  yes, I've been hearing about the Chinese (0+ / 0-)

        investors who are buying real estate in cash. I'd say it's bit of a bidding war between the Chinese and Silicon Valley. The 1200 sqft condo next door went to a 22 year old kid for a whopping $1.2 million (it went on the market for 900k). I hear he just sold some start-up, so it was probably just pocket change for him. I guess that round went to SV. Whoever is winning this, I know who's losing: the working class people who are washing dishes in restaurants, cleaning houses, driving buses, and teaching in public schools. It's basically impossible to move to SF these days unless you're loaded or you're into couchsurfing. And the long-time residents are getting evicted in droves, because greedy landlords are cashing in on the bubble.

        Ecology is the new Economy => Kosonomy

        by citisven on Thu Oct 24, 2013 at 03:56:36 PM PDT

        [ Parent ]

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