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A comment on San Francisco voters approve taxes on highly paid CEOs, big businesses. Parent comment

Re:San Francisco voters approve taxes on highly paid CEOs, b... by RhodesianHunter on Thursday November 05, 2020 @11:06PM (#25004789)
> I would rather own equity in a high growth start up than 3 rental houses; at least from a growth perspective.

But that isn't the choice, the choice is between three rental houses and a maybe 1 in 20 chance of owning equity in a high growth startup that may or may not IPO in the next 15 years.

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by mypalmike on Thursday November 05, 2020 @11:27PM (#25004894)
The third option in west coast cities is probably more common than your startup option : working for an established company, possibly a FAANG, and accumulating enough wealth to retire early.
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Re:San Francisco voters approve taxes on highly paid CEOs, b... by digitaltrees on Friday November 06, 2020 @12:32AM (#25005192)
It is the choice because the ecosystem is in SF. And because of the demand of people wanting to participate in the SF ecosystem, prices are higher. It’s a gold rush dynamic. YCs are the new 49ers.
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Re:San Francisco voters approve taxes on highly paid CEOs, b... by opportune on Thursday November 05, 2020 @11:59PM (#25005041)
That's a false dichotomy. A startup engineer could easily afford three rental properties in most flyover states after 8 years of working from their salary alone.
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