<story><title>Home Values Are Rising by $800 a Day in San Jose</title><url>https://www.bloomberg.com/news/articles/2018-04-09/home-values-are-rising-by-800-a-day-in-san-jose</url></story><parent_chain></parent_chain><comment><author>taurath</author><text>I have a pretty large group of generally geek-oriented friends across most of the western US, and tracking their migration patterns has been fascinating - we&amp;#x27;re basically all 1980&amp;#x27;s-born millennials.&lt;p&gt;In the 2000&amp;#x27;s was when we met, those who had grown up there and those who were moving were in the same age group. Only about 40% were college educated or in tech&amp;#x2F;programming oriented roles. Of those, a small amount has ridden the wave to prosperity. Most moved to Seattle (if looking for a career&amp;#x2F;home&amp;#x2F;etc), or Portland (if they pass the weird-test).  There&amp;#x27;s been a steady trickle out of the Bay for anyone not in tech for the past decade, and now I think only 10% of them still remain. Now they&amp;#x27;re going to Colorado rather than Seattle, and a few more to Portland. Those that are currently missing the wave in Seattle are looking at moving to Colorado.&lt;p&gt;I have no idea which area is gonna be next - Colorado is now seen as the last &amp;quot;cool&amp;quot; place thats &amp;quot;affordable&amp;quot; and liberal (sorry screaming Coloradan&amp;#x27;s, you&amp;#x27;re next).&lt;p&gt;Personally, I just can&amp;#x27;t believe its gone on this long - the pressure release valve that I thought would be released from the bay every year for the last decade hasn&amp;#x27;t fully let go. Career or being able to afford a house seem to be mutually exclusive ideas if you&amp;#x27;re not in programming. This is creating a rather nomadic culture within my friend groups... welp, this area is too expensive, might as well move onto the next. Very few are putting down roots.&lt;p&gt;I wonder what this all will look like when we look back 20 years hence - was it really a bubble, or the creation of a permanent Elysium style class divide between those that had the capital (or took the risks) early, and those who didn&amp;#x27;t start out as well (or were conservative in leveraging themselves)? Every day it feels like I&amp;#x27;m leading more towards the latter.</text></comment>
<story><title>Home Values Are Rising by $800 a Day in San Jose</title><url>https://www.bloomberg.com/news/articles/2018-04-09/home-values-are-rising-by-800-a-day-in-san-jose</url></story><parent_chain></parent_chain><comment><author>nradov</author><text>Peter Thiel claims that the majority of capital poured into Silicon Valley startups ends up flowing to landlords.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.sfgate.com&amp;#x2F;expensive-san-francisco&amp;#x2F;article&amp;#x2F;peter-thiel-silicon-valley-capital-landlords-12759450.php&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.sfgate.com&amp;#x2F;expensive-san-francisco&amp;#x2F;article&amp;#x2F;peter...&lt;/a&gt;</text></comment>