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San Francisco Poaching Tech Talent From Silicon Valley
jfruh writes "Silicon Valley, including San Jose and the chain of suburbs running north from it along the San Francisco Peninsula, has long been the epicenter of the tech business and startup scene. San Francisco itself, just a few miles to the north, has always been in the Valley's orbit — but now, more and more, the center of gravity is shifting to San Francisco, and the move seems to be hitting a tipping point. The reason: the young talent companies want to attract would rather live in a hip city than in suburban sprawl, and don't want to commute 45 minutes to work."
San Francisco is undoubtedly cooler than the south bay, but it's also way more expensive. Not everyone can afford rent or the space they want in SF when compared to many of those south bay cities. That goes both for companies and people. Some companies will move or start there, but I think it's reaching to say we're at a tipping point.
And most importantly, people aren't raising kids in SF:
http://www.huffingtonpost.com/2012/05/13/san-francisco-moms-reflect_n_1508072.html
So that talent that young is going to have to commute the other way when they get married and have kids.
I live in the East Bay. I take BART to work everyday. From my stop in the East Bay to my stop in SF, it costs $4.15. Parking at the BART station costs $1. I live 2.4 miles from the BART station. Round trip, it costs me $9.30 to go to and from work.
Were I to be driving, my commute would be nearly 30 miles. I'd be driving across the Bay Bridge ($5 a day) and then parking in San Francisco would cost me a MINIMUM of $10 a day. This isn't even taking into account opportunity cost of time, wear and tear on the car or fuel.
The car is not cheaper in San Francisco. Ever.