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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: phaedra77 who wrote (2294)6/19/2014 1:35:30 PM
From: tejek1 Recommendation

Recommended By
Jurgis Bekepuris

   of 2722
 
Fargo might be extreme! :)

Actually, Fargo is one of the fastest growing metros in the country thanks to the oil boom in ND.

But I will be interested to see if we start to get alternative tech start-up clusters elsewhere.

We do have alternative clusters.....they're called Austin, the Golden Triangle, Boston, NYC and Seattle. Austin and the Golden Triangle rarely produce start ups that grow into major corps. Mostly the googles and twitters set up branch operations in those cities and cause tech growth. Boston, NYC and Seattle......more Seattle than Boston and NYC......do have start ups that grow into major corps. In fact Seattle owns the Cloud. However, the biggest chunk of VC money continues to go to the Bay Area.

I can see that established companies with high revenue aren't going to care about higher rents for themselves - or needing to pay employees more to compensate for higher living costs - but could be a significant issue for start-ups.

But the start ups come from the established companies...........by people who got rich off the shares of the established companies. However, to save costs, they often start in someone's basement or garage. I was at a bbq last summer..........one guy was starting up a company in W. Seattle. Everyone in the company had been working out of their homes, but finally, they were moving into 'Class F' office space in W. Seattle. There is no such class as Class F office space....however, I'm trying to make the point that the office space was without an iota of frills. It was second floor walk up space over a cupcake shop. Of course, if they make it, they will be moving into better digs toute suite.

Cities across this country want to be the next tech cluster but apparently techies have some specific requirements: a progressive, attractive city with a major university producing lots of engineers and it doesn't hurt to be located in a place with lots of natural beauty.
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