Peak California
I don't know when Peak California will come, but I'm fairly certain it will happen at some point, and this opinion article actually does a great job at summarizing my opinion as to why in its very last sentence:<p>"Californians will end up like the landed gentry in interwar England. Lovely houses, illustrious history, and no conceivable way to pay their bills."<p>Why do tech companies flock to California (LA/SF)? I often hear people credit the great technical universities. But that can't be, because most of the actual workers at these companies didn't go to Bay Area or even California universities [1]. If they're willing to move from their home to California for work, it's safe to assume they're willing to move from their home to almost anywhere else for work. It's not due to cheap housing or even available housing. It's not due to the great commute into work. It's not due to the low cost of living. The only argument I hear is that tech companies move to SF/LA because lots of tech workers are there, and lots of tech workers are there because lots of tech companies are there.<p>So if there's nothing holding technology to SF/LA, when does it become a competitive advantage to have your offices <i>anywhere but California</i>? At some point it will. And it will be long overdue.<p>[1] <a href="https://www.mercurynews.com/2018/01/17/h-1b-foreign-citizens-make-up-nearly-three-quarters-of-silicon-valley-tech-workforce-report-says/" rel="nofollow">https://www.mercurynews.com/2018/01/17/h-1b-foreign-citizens...</a>