Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (3587)	11/12/2015 12:00:41 PM
From: Pravda	Read Replies (1) \| Respond to of 26786

Relaxing zoning rules would help lower rents (in the longer term). But this will NEVER happen in San Francisco. Pravda

To: Gottfried who wrote (3587)	11/12/2015 12:28:57 PM
From: Kirk ©	1 Recommendation Recommended By Gottfried Read Replies (1) \| Respond to of 26786

I think the solution is simpler than we think even entry level full time jobs should enable a worker to pay for the basics. Check out rents in the Bay area.Those achievers never heard of entry level. lack of affordable housing is their biggest problem. I don't know what the solution is, but it can't be shrugged off After I got my first job, I lived at home for a few months to save up for a down payment on a better car and first and last month's rent. I got kicked out, but that is another story... My first apartment was a Jr. 1 bedroom (big studio) next to a lumberyard next to the train tracks in Mountain View just off San Antonio Rd. I could ride my bike or take the bus to HP on Page Mill, but it was too dangerous for the bike so I drove. It was cheap so I could pay off the car and save for a house. I don't recall it as ever being cheap to live here. I thought at the time I'd NEVER afford a home in a nice place like Palo Alto or Los Altos.... now I've been here 21 years with the power of regular investing, compounding and good stock selection, including picking the right company to work for and diversifying as I made good money on company stock. Anyway, the hardest part to getting new workers is housing. Many give them food, dry cleaning and exercise so all they have to do is find somewhere to sleep. Someone at Google has a big moving truck in the parking lot to sleep in during the week... My thought long ago was new office buildings should be MIXED USE where the housing units should be for workers or locals, using open market to set rates but it is OK for the companies to pay extra salary to their workers to afford it... do it somehow so we get taxes for schools, roads, etc. and most of the new workers don't clog our city streets. As they get older, they will want to move and maybe move to offices out of the big cities and perhaps to cities with better property values. This worked well for HP when we were growing and the tech leader in the 70s and 80s... like Google, Tesla, etc are today... Expanding out of the bay area. Yeah, some will bitch that we should not force companies to become land lords.... but I'm tired of them expanding here and destroying our quality of life. Having my house go from $1M to $3M does nothing for me and many of my neighbors as we hope to die in our homes... it actually HURTS US as it makes it much more expensive for others we pay to stock grocery shelves, cut our lawns, clean our homes, etc.... IF you had new workers at Google and Tesla and Facebook etc. living on site... there would be far less pressure on rents and our workers could afford to live here.