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by subsubzero 2024 days ago
It is laughable with the number of articles that state this recently, I do think things are different as large name brand companies have moved out very recently:

Pinterest paid big money to break its lease to move out of SF, Stripe is moving out, Charles Schwab and McKesson, and Bechtel also moved their HQ out of SF and CA in general.

These moves were all done pre-covid but as a bay area resident the past year has been horrible like none other, fires raging all summer and toxic smoke, pg&e shutting off the power all the time, crime is really, really bad. I had stuff stolen from my house, a first of living an entire lifetime in the bay area.

2 comments

I'm a pretty pessimistic individual, at least my wife tells me so, but I am actually very optimistic about California and the Bay Area. I think COVID will end up being the kick in the pants it needs to start dealing with many of the problems in the state and region. A scare or two about companies fleeing the state is necessary to get the state/counties/cities to cut back on suffocating red tape for small businesses. And if there is one place in the world setup to fight a big climate problem like fires, it is the academic and technological hive mind of California.

Back to the bad takes: from what I've read the takes are all from people who moved out of the Bay. Some people come here, start their careers, then have the luxury of leaving and working from wherever. That's great, but there will always be a batch of new grads looking for work and honestly the concentration there is so high they could lose 20% of the companies by market cap and this would still be the place to start out, along with a few other large metros. Just because you leave doesn't mean the city stops.

> crime is really, really bad

Actually violent crime is at an all-time low. See this article about homicides for example: https://www.sfchronicle.com/crime/article/With-41-killings-i...

It looks like you were thinking of property crime, but I wonder what the statistics say about that, too.