Tech Workers Take to the Mountains, Bringing Silicon Valley with Them

Re:Tech Workers Take to the Mountains, Bringing Silicon Vall... by arok on Wednesday November 04, 2020 @02:26AM (#24987030)

I’m in Sacramento, been here a few years. There’s definitely been people moving from the Bay out here. For some people, you can buy a large enough house with a yard, but you have the option of driving in to the Bay if you need to go in to your office from time to time, while mostly working remotely. Certainly not the perfect option for everyone, but it works for some people.

I agree on the need for more multi-family housing. There’s been a boom of apartments and condos around Downtown and Midtown Sac, but they are all “luxury” units with the price tag to match. People not making a good salary don’t seem to be helped at all, so there needs to be more policy than just “build more rich people housing.”

But then again I was one renting a “luxury” apartment before I bought my condo in a gentrifying neighborhood, so maybe I’m part of the problem.

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Re:Tech Workers Take to the Mountains, Bringing Silicon Vall... by fossuser on Wednesday November 04, 2020 @09:55AM (#24989557)

Increasing supply matters more than policy around what specific housing is built.

If you increase supply (even if all “luxury”) - older units become cheaper relative to new units. The supply is the most important bit.

Affordable housing policy is often pushed as a way to not really increase supply. They’ll build one price controlled housing unit that’s nearly impossible to get an apartment in and call it done.

[ Parent | on HN ]