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Think SF RE is expensive now? Wait until Google Moves In
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2013 Nov 13, 1:56pm 7,577 views 22 comments
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SFace
2013 Nov 13, 2:40pm
San Francisco office space is expanding North anchored by Twitter, Square, Airbnb, yelp, Kixeye, uber, lyft. etc.
It is also expanding south of market on third street, anchored by biotech and software. Salesforce.com took over 50 fremont and lots of space. Office workers are getting half the space now than a decade ago so those sq feet are a lot more impactful than silicon valley.
Young, uber-educated folks from all over the country are moving into the SFBA. owning SFH is the surest bet there is. Google has very little to do with it.
'anchored".... got to love the fake shit...
we had 'anchores" before... 300-400 anchores... each one a well know IPO...
so why is your generations so stupid to over pay for some anchores....
"Young, uber-educated folks" ... got to love the fake shit..
we had lots of uber educated and young. folks during our time... home prices were still
much cheaper... only the RE swindlers like to say otherwise...
SFace
2013 Nov 13, 3:12pm
Top ten web sites in the world.
1.google.com
2 facebook.com
3 youtube.com
4 yahoo.com
5 baidu.com
6 wikipedia.org
7 qq.com
8 linkedin.com
9 live.com
10 twitter.com
six of the top 10 websites in this world (according to Alexa) are headquartered in San Francisco to Santa Clara County, a population of around 3M. The old guard semi's are more than replaced with the web industry. IPO's are coming in at 80B in the case of Facebook and multi-billions in the case of Google, Twitter and Linkedin. There are more zero to hero companies (from nothing to $1B in less than 5 years) in this region than anywhere in the world.
six of the top 10 websites i
is that it ?.. websites ?.. advertising ?..
god forbid we talk about real hard stuff
like electronics, science, physics, materials, and other real hard stuff...
all the money is going to investors who many do not live in SFBA...
like electronics, science, physics, materials, and other real hard stuff...
Hopefully people understand that websites and advertising run on the hard stuff.
B.A.C.A.H.
2013 Nov 14, 1:46am
like electronics, science, physics, materials, and other real hard stuff...
Hopefully people understand that websites and advertising run on the hard stuff.
Yes they are. With manufacturing and hardware engineering done elsewhere. We are the desk jockey backwater. As margins of those media companies decline, they will look for Cheaper Places to house their hipsters.
Heraclitusstudent
2013 Nov 14, 2:30am
Why it's different here is that for every real engineering job that leaves, even more Greater Fool media hipster type or kid-of-rich-elite-foreigner-code-writer types come in. So the house prices continue to go up with the demand.
You really think new people coming in can afford to buy?
The only reason prices could reach current levels is many people moved up with the market to where it is now.
The ultimate disconnect for it to continue is what happens to the next generation of SV foot soldiers.
Guys, guys, settle down. I'm sure they can just take over Cisco's property when they start selling off everything that isn't bolted to the ground.
Are you kidding me? 10% drop in revenue THAT WAS GUIDED LOWER AND LOWER THROUGHOUT THE YEAR?
Yeah, very bullish for bay area companies.
http://www.reuters.com/article/2013/11/14/us-cisco-results-idUSBRE9AC16F20131114
B.A.C.A.H.
2013 Nov 14, 3:04am
Student, in order to go to foreign equivalents of Cal Tech or MIT, face it, one must come from a privileged (ie, elite) background. Goto grad school in the US on a student visa, secure your residency here with an H1 employment situation, and voila!
The region also has a relatively handful sized cohort of media hipster types from privileged backgrounds like Marissa who cashed out.
Yes, these folks can "afford it", plus the expensive cars, fancy overseas jet set travel, etc.
Sorry if you don't like it, maybe some of them would say you are jealous.
My guess is that if this plan unfolds then Oakland and the east bay will likely accelerate in its current gentrification. I kid you not that a few weeks ago I was at a bar and overheard a young couple who were looking at an apartment- a 1 bedroom unit- in SF for the "mere" sum of $4,000 a month. The shocker was that they seemed ok with this amount. Crazy shit.
Heraclitusstudent
2013 Nov 14, 3:43am
Student, in order to go to foreign equivalents of Cal Tech or MIT, face it, one must come from a privileged (ie, elite) background. Goto grad school in the US on a student visa, secure your residency here with an H1 employment situation, and voila!
You think the average foot soldier in the Valley is from MIT or Cal Tech? Most of them are foreigners. IF they have a US diploma, most are not from the top schools.
The day the talent pool is limited to rich brats will be close to the end of the SV.
Until then the SV housing environment is highly toxic to new entrants.
B.A.C.A.H.
2013 Nov 14, 4:10am
The day the talent pool is limited to rich brats will be close to the end of the SV.
It already happened.
That's thomas'' point.
Everyone knows that hitting the "any" key will solve all of mankind's hands-on physical problems.It's nice that we don't have to get our hands dirty.
Technology is my God.
Foreclosures,homelessness,house prices,click,solved.
Environmental degradation,click,solved.
Collapsing infrastructure,click,solved.
Nuclear waste problem,click,solved.
Poverty,click,solved.
Damn!I'm physically exhausted.
I'll fix all the other problems after break.
six of the top 10 websites i
is that it ?.. websites ?.. advertising ?..
god forbid we talk about real hard stuff
like electronics, science, physics, materials, and other real hard stuff...
all the money is going to investors who many do not live in SFBA...
Genentech, Gilead, plus 240 other biotechs that call California home.
six of the top 10 websites i
is that it ?.. websites ?.. advertising ?..
god forbid we talk about real hard stuff
like electronics, science, physics, materials, and other real hard stuff...
all the money is going to investors who many do not live in SFBA...
Genentech, Gilead, plus 240 other biotechs that call California home.
Oh- and while we're at it, California is also the country's largest manufacturer. That and if California were a country, it would have the 6th or 7th economy in the world.
SFace
2013 Nov 15, 2:44am
90% of the countries wine 3/4 the size of France. Top agricultural producer in the nation.
15% of the city is occupied by visitors with 30K rooms not including the airport alone.
Venture capital home.
Gateway of the east for import/export business
Second/third most important market for law, architectutral, acct, professional firms.
You put in all together and besides biotech, semi, internet, software and hardware, it is much more.
Genentech, Gilead, plus 240 other biotechs that call California home.
heard it before.. if a Biotech gets funded... they have to keep tight control over spending.. else will not succeed at what ever milestone then need to cross.
only in a lower cost region (which SFBA once was) can you stretch that dollar
and succeed in your project goals. Blowing it on high cost professionals to buy
overpriced homes is a path to failure and disaster.
I wish them success, but i hope they will be mature and prudent in their operations.
One Quarter of Public Biotech Companies Shut Doors Since 4Q 2007
www.patentdocs.org/.../one-quarter-of-public-biotech-companies-shut-d...‎
Oct 11, 2010 - The net loss of 100 biotech companies (or 25% of the sector's publicly ... 2008 (28 via acquisition and 36 that ceased operations), 50 were lost over the ... noted during his presentation that biotech acquisitions rose from 40 in ...
Biotech Failures Expected To Increase (8/14) - Sonic.net
www.sonic.net/~billkirn/biofail.html‎
They are among the increasing number of biotech firms that have either failed ... ran out of money and closed its doors this spring after going through $21 million in ... Pincus Ventures, the 80-employee company still has $50 million in the bank
Gateway of the east for import/export business
you mean Long Beach.. LB modernized their docks long ago taking all the business
from Seattle and SFBA docks. Otherwise you would have seen rail activity from the Central Valley exporting its crops... nope.. its all goes to LB via rail these days.
I wish it wasnt so.. but that is how it went..
Oh- and while we're at it, California is also the country's largest manufacturer. That and if California were a country, it would have the 6th or 7th economy in the world.
its been a long long time since any raw material or components crossed into SFBA as part of the Final Production to be shipped to final customer...
How do you define 'manufacturer' or 'producer' these days ? or over the past 15 years ? now compare that to really having 3 mfg shifts 24/7 with actual mfg headcount... raw materials, warehousing and active shipping logistics...how many of you actually seen a shop floor then and now ?
Strategic Renter
2013 Nov 17, 5:42am
Gateway of the east for import/export business
you mean Long Beach.. LB modernized their docks long ago taking all the business
from Seattle and SFBA docks. Otherwise you would have seen rail activity from the Central Valley exporting its crops... nope.. its all goes to LB via rail these days.
I wish it wasnt so.. but that is how it went..
Panama canal widening game over
Bellingham Bill
2013 Nov 17, 12:59pm
^ that's like Mac's pariah share vs Windows
Funny how Micros~1 dropped the ball that bad . . .
Also, for SF Bay they've got Apple, Goog, FB, etc.
Not just Goog.
SnapChat just turned down $3B cold hard cash.
Insane! I would take that for my app in a yoctosecond.
Valuing such a silly idea in the millions would be insane enough, but eyeballs have money I guess.
http://www.bizjournals.com/sanfrancisco/blog/2013/11/google-to-mission-bay-rumors-sweep.html?ana=e_du_pub&s=article_du&ed=2013-11-13
#housing