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Non-Tech : Kirk's Market Thoughts
COHR 131.91-0.6%3:59 PM EDT
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To: ajtj99 who wrote (26316)10/24/2025 2:36:46 PM
From: Kirk ©   of 26382
 
I'm not upset with the high level (because it is true) other than I have to pay higher taxes to subsidize it. I am upset with all the pressure to raise taxes on those of us who didn't cause the housing shortage. Bernie Sanders and AOC might even approve of my suggestion to use eminent domain to use parts of Sales Force Tower plus Apple, Meta and Google land to build housing for all the workers they gentrified by bringing in too many high paying jobs to an area that could not support it... all so they could have their employees a short drive rather than a plane trip from their Atherton, Palo Alto, Woodside, SF and Los Altos Hills homes.

Back when I worked at HP and we were expanding, we mostly expanded outside CA to areas our workers could afford to buy housing and raise families at good, safe schools.

My division actually expanded/left Palo Alto into San Jose in 1984, a city that was mostly housing for the workers in Palo Alto to Santa Clara so the idea was our CHIP MANUFACTURING plant would provide taxes to the city workers lived in.

Now that area is high density tech buildings and housing... plus a football stadium for the tech billionaires to entertain clients at.
Heck, the newspaper even published my thoughts on this 25 yrs ago!



and

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