A Warning To S.F. and Silicon Valley

[Smaulgld]

For the past few years housing prices have skyrocketed in the Bay Area. Much of the growth has come from housing demand fueled by employees working at Venture Capital Funded unprofitable companies. Many of these companies have hit it rich and gone public.
Start up company money has driven housing prices and rents to unsustainable levels.
When the stock market crashes -as it inevitably does-many of unprofitable start up companies will bite the dust and fire its employees. What happens next?
https://smaulgld.com/a-warning-for-s...ilicon-valley/

https://smaulgld.com/a-warning-for-s...ilicon-valley/

[timosman]

Yawn .... this is how Silicon Valley operates ... what else do you have ?

[Smaulgld]

Yawn .... this is how Silicon Valley operates ... what else do you have ?

I guess we can say the same about the Federal Reserve-nothing to see here

[timosman]

I guess we can say the same about the Federal Reserve-nothing to see here

The free money from the Feds back the SV so it is not quite the same. You should check the history of SV, esp the last 15 minutes of this video: https://youtu.be/ZTC_RxWN_xo

Shockley's attempts to commercialize a new transistor design in the 1950s and 1960s led to California's "Silicon Valley" becoming a hotbed of electronics innovation.

[Smaulgld]

Thanks will check it out