Stripe to move to South San Francisco

Re:Stripe to move to South San Francisco by paulie_a on Thursday October 24, 2019 @02:45AM (#21342260)

My sample size is small but a company that raised 40 million and the CEO is considering leaving sv because his wife need to make rent with a roommate is not a great sign of the real estate. Sv isn't special. People are going to other tech hubs which are sprouting like crazy. Sv was when it made products. But sass can be done anywhere.

People are leaving sv and housing prices are the reason. It's going to lead to brain drain. Why bother with that congested hell hole when you can live anywhere else and cut your cost of living by 50 percent. Your average founder is 30 and they are not into partying. Sv is for 20 year olds

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Re:Stripe to move to South San Francisco by gamblor956 on Thursday October 24, 2019 @01:06PM (#21346635)

I would believe that a random startup employee might be considering leaving SV due to rent.

I wouldn't believe that a CEO of a company that has raised $40 million is leaving because his wife needs a roommate to make rent. His wife should probably live with him if she needs to save money.

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Re:Stripe to move to South San Francisco by Bombthecat on Thursday October 24, 2019 @04:52AM (#21342751)

I doubt that prices lead to brain drain. Sure there is a guy or two who will walk away. But I know more then a few people who are like: more then 2/3 of my pay to live in the city? No. Problem! Living in the city is super important!

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Re:Stripe to move to South San Francisco by paulie_a on Thursday October 24, 2019 @08:53AM (#21344151)

I've seen it first hand with incredibly talented people that hated living in the city. There are plenty of tech hubs elsewhere. Sv isn't special. 2/3 of your pay is a bad decision unless you are being paid 600k+

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Re:Stripe to move to South San Francisco by usaar333 on Thursday October 24, 2019 @10:12AM (#21344846)

Sounds like that CEO might be paying himself too little.

Fwiw, housing prices (rents) have barely budged in much of the Bay Area for the past 4 years. If the exodus hasn't already happened, I doubt it will.

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Re:Stripe to move to South San Francisco by dmode on Thursday October 24, 2019 @11:55AM (#21345887)

I have a hard time believing this story. You can get 1-bedroom apartment around 3k in SF or neighboring areas. You can afford that with entry level wages

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Re:Stripe to move to South San Francisco by paulie_a on Thursday October 24, 2019 @01:42PM (#21347100)

Well it's true and why he wants to move out of sv. There are plenty of better and cheaper places to live. Sv is no longer special.

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