Re:Bay Area hammered by loss of jobs: Lack of affordable hou...
by ghaff on Monday October 23, 2017 @02:47PM
(#15535824)
And in the case of Boston many/most of the tech jobs still aren’t in the city itself although that’s shifted a fair bit. That’s a big difference between cities. In the Bay Area it’s hard to get away from very high prices. 45 to 60 minutes out of Boston in many directions and you’re into relatively reasonably priced housing.
[ Parent
| on HN ]
Re:Bay Area hammered by loss of jobs: Lack of affordable hou...
by Bartweiss on Monday October 23, 2017 @04:40PM
(#15536772)
Yep, exactly. Boston's financial tech is deep downtown (Harborside), but other big-name firms like Athena have set up shop in the outskirts and even run shuttles out from the city center. I suppose part of the reason is the number of colleges out past the densest part of the city, and the rest is the difficulty of building urban offices compared to expanding out into the cheaper Cambridge/Somerville/Watertown market.
It's definitely cheaper than SF now, but even more interesting is that it doesn't look to be set for a price spike; there's plenty of land to develop further, and for all the stupid housing laws there's not too much NIMBYism.
(Now if only the existing land wasn't so horrific to build on...)