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by foxtr0t 2024 days ago
How many times can SV, SF, the Bay Area, California die? How many of these articles will be written? How many 400+ comment meltdown threads about the end of Silicon Valley will we see?

Our economy is cyclical, so is the technology industry, and so is the technology industry within the Bay Area. It seems to me a large cohort of the HN community has reached an age where they'd typically move to suburbs, "back home", or just to cheaper areas to raise a family. This was hastened by COVID, and yet, the next cohort of new grads is right around the corner, just like it is every year. Is the calculus about where to live different? Slightly, now you pick from 10 metros instead of 5. Are people going to be full time remote? Yes. Can they live anywhere? Certainly. Will new grads be better of starting out in an office just like most people here did? Certainly yes.

Can we recognize for a moment that the collective value of the technology sector located along the West Coast is probably north of $10T? If anything, the tech industry is annexing new metros, not moving to them, as tech continues to eat the world.

2 comments

As a perennial SF-complainer (mostly about housing) who also really likes SF, I'm convinced half the bay area haters have never even lived there, and judge the entire area based on hearsay or a single experience where they took BART from SFO to Civic Center.
Same with NY