Oh noes, they'll have to think about office space in Fremont or Milpitas... the horror and, and the workers will have to contemplate moving and paying a low 2,000 for a 1BR in the lower East Bay, the cost savings horror...
But seriously, some trepidation like this in the market is probably good for stabilizing some of the office space and housing prices [employers being more fiscally responsible when leasing and employees renting more affordable places in the suburbs anticipating instability and reining in extravagant housing spending --I wanna be able to walk from my flat to the baa that charges me 16 per drink]
>employers being more fiscally responsible when leasing and employees renting more affordable places in the suburbs anticipating instability and reining in extravagant housing spending --I wanna be able to walk from my flat to the baa that charges me 16 per drink
This statement seems excessively judgemental. What exactly is wrong with someone wanting to walk from their flat to a bar to pay X for a drink, and pay what housing cost they are OK with for that privilege? And what's wrong with companies paying to be in the same environment?
EDIT: rewording
Wrong? Nothing. Sustainable? Except for Hollywood; not very; something's got to give. It's not as if most are getting paid millions per movie and could afford a year or two without a job [or hit for an actor] The point is, it's a bit short-sighted. If the rents were a slight premium, sure, ok. But when they are exorbitant as they are it makes little fiscal sense [except for those who hit paydirt] but those likely bought houses and aren't renting.
In other words, save your money, maybe you'll have to commute and maybe the bar won't be as close or have all the cool people, but it's worth having money for when there is a collapse.
But seriously, some trepidation like this in the market is probably good for stabilizing some of the office space and housing prices [employers being more fiscally responsible when leasing and employees renting more affordable places in the suburbs anticipating instability and reining in extravagant housing spending --I wanna be able to walk from my flat to the baa that charges me 16 per drink]