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Image, courtesy: picjumbo
I am passing along this Medium Blog Post, recommended, once again, by my friend Vishnu Prasad Ramachandran, , @rvishnuprasad .
It is not like I haven’t laid out of the case for a never ending tech and real estate bubble that is insanely disconnected from reality. It is not like I haven’t pointed out to hopeful trigger points, only to see them do nothing. Yahoo! went kaput (just look at the site archives for more) and sold for practically nothing – no effect. Twitter is in the sh*tter and, still, nothing (well, rents in SF did drop just ever so little).
I have also now started worrying about the number of people like me waiting for the housing market to cool down, that; should it cool down, everyone will get in again, and it might just heat right back up. I cannot base this on anything but a gut feeling. I would like for this to not happen, but no one can predict anything for sure.
In effect, frustration is high, and things are just going from bad to worse. You should read the blog post for yourself, but I have to tell you, over the past few months, my own desire and determination to leave the Bay Area have gone from distant hypothesizing to reality. I guess we will see.
Meanwhile, here is the interesting, vivid story of someone leaving Palo Alto and the Planning and Transport Commission behind, unable to stomach the idea of paying $6,200 a month in rent:
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