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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: phaedra77 who wrote (2287)6/18/2014 12:59:16 PM
From: tejek  Read Replies (2) of 2722
 
Looking at this map of average rents across the country - California overall is right up there with high rents - it looks like the average rent is over $1300, so I imagine way higher in SF and I imagine that for businesses office and premises rents must be high too - wonder at what point companies other than high-earning tech are going to look to locate where rents for them and their employees are a lot cheaper - might be a good thing for cities like Portland and Austin which are in more affordable states.

Most of the tech companies aren't effected that much by the higher rents/costs. The exception, of course, are companies like Apple which manu. a commodity. Jobs dealt with that problem long ago by going offshore. Other manu. that don't need to be in the Bay Area have already left. What many people outside of CA don't realize is that Californians don't care all that much about growth. Their concerns are the near opposite of places like Cleveland, Buffalo or Youngstown. The strip of CA that is most desirable and has the best weather is a narrow one that runs along the coast. Its pretty full.

As for tech, they're based in one of the most beautiful cities in N. America if not the world. On average, the whole metro is well designed and attractive. And the climate is as close to perfect as one can get in this world. You want them to quit SF for Fargo or KC or Dallas? No offense to those cities........but once you get past living costs, they don't stand up well to SF...........except for........wait for it.......earthquakes. There is always a fly in every near perfect ointment. ;)
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