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A comment on Silicon Valley stirs over proposal to end popular QSBS tax break. Parent comment

Re:Silicon Valley stirs over proposal to end popular QSBS ta... by hyperbovine on Wednesday September 15, 2021 @07:55AM (#28537930)
Give me a break, there are tons of home owning families in the Bay who make less than that. The Bay Area is a lot more than Palo Alto, SF, Mountain View and Berkeley.
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Re:Silicon Valley stirs over proposal to end popular QSBS ta... by xyzzy_plugh on Wednesday September 15, 2021 @08:30AM (#28538215)
Can't give you a break, unfortunately. They already had homes before costs got to their current point. I made more than 250k and could not afford any home within an hour's commute to SF in the years my income was that high.

I might've been able to buy a condo at one point, but that's about it.

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Re:Silicon Valley stirs over proposal to end popular QSBS ta... by hyperbovine on Wednesday September 15, 2021 @01:46PM (#28542133)
https://www.redfin.com/neighborhood/14233/CA/Oakland/West-Oa...

Most of these are well within reach, even moreso before the current bubble, if you make that kind of money. And an 8 minute BART ride from the city. Your not wanting to live there does not imply that somebody does not live there.

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Re:Silicon Valley stirs over proposal to end popular QSBS ta... by xyzzy_plugh on Wednesday September 15, 2021 @02:51PM (#28542856)
You're right, I forgot about the 0.8% of homes in the Bay Area smaller than most condos in an area where your chances of being involved in a crime are 1 in 6.
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Re:Silicon Valley stirs over proposal to end popular QSBS ta... by hyperbovine on Wednesday September 15, 2021 @05:54PM (#28544858)
Your made up 0.8% statistic perfectly conveys the point I was trying to make above.
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Re:Silicon Valley stirs over proposal to end popular QSBS ta... by xyzzy_plugh on Wednesday September 15, 2021 @06:27PM (#28545208)
It's not made up. The US Census data is public to all. Number of households in West Oakland divided by the number of households in the entire Bay Area. If you look at just houses, the number is even worse.

Your example is beyond cherry-picked. The population of that region is only 21k. It is not remotely representative of the reality the vast majority of residents face.

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