Housing in the Bay Area
This is one of the top factors preventing me from moving back to the Bay Area. It&#x27;s good to know there&#x27;s at least SOME serious attempt at a solution (even if folks around here are mostly pessimistic.)<p>It still surprises me that an industry that&#x27;s all about connecting the world through the internet and allowing anyone to work with anyone else on anything says &quot;yeah but you need to work in this small area of the country to do it.&quot;<p>The armchair economist in me says that high housing prices in the Bay Area will cause a market &quot;correction&quot; of sorts with other cities exploding as tech sectors -- see NY, Boston, Chicago, Austin, Las Vegas -- as those cities can get away with much better housing for cheap, even if the opportunities aren&#x27;t as plentiful (yet.)<p>&lt;conspiracy theory&gt; The cynic in me likes to think that VC&#x27;s and other wealthy tech execs are trying to keep housing prices high by artificially creating this in-elasticity (&quot;you can have my funding if you live in SF&quot; or &quot;we don&#x27;t allow remote workers&quot;), as they all probably own houses in the area; the incentives for them would be to have housing prices keep rising, NOT fall, as they would lose significant real-estate equity. &lt;&#x2F;conspiracy theory&gt;