Submitted by McFatty7 t3_11u47qp in technology
Comments
forestapee t1_jcmjgqg wrote
That and converting into malls or multipurpose offices for startups are probably some of the options that'll be used. Hopefully they go to good use one way or another
[deleted] t1_jcncsju wrote
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HaMMeReD t1_jcnoytz wrote
Yeah, think of the building and the layout. I.e. in apartments, everyone has a bathroom, plumbing etc. In an office, there MAY be one kitchen per floor, a two bathrooms right next to each other, etc. Shared HVAC systems, etc.
Converting it means gutting everything from electrical to plumbing.
No_Demand7741 t1_jcoj4td wrote
I have heard the same but I think moving forward if this conversion is to succeed it will need to be cheaper.
Why not just add a false floorboard to the entire floor and run plumbing and electrical in that space?
UrbanGhost114 t1_jcomsg4 wrote
Same reason you don't generally do it at home.
Edit: water pressure.
More edit:. There is a LOT of engineering that goes into water pressure.
No_Demand7741 t1_jcomuwp wrote
I would 100% do this at home
UrbanGhost114 t1_jconb9w wrote
Have fun with not understanding water pressure!
millertime1419 t1_jcoyrw5 wrote
I’m an engineer who understands water pressure and have no idea what your concern about it is…
Water service is the easiest thing in a building, the pressurized system means you can make vertical bends, use flexible tubing, etc. sanitary is the tricky one since it drains by gravity.
Hardass_McBadCop t1_jcpc7zj wrote
I'm guessing that he's mostly concerned with, and talking about, skyscrapers where they're so tall that the water pressure can be a problem for the higher floors.
tiredofmyownself t1_jcpt3n6 wrote
Most of these campuses in the original article do not have any skyscrapers so if the concern is based on that, it’s not really applicable.
No_Demand7741 t1_jcondck wrote
What?
UrbanGhost114 t1_jconj8d wrote
Exactly! Water pressure is a gigantic issue.
Also, when your done with that, remind yourself why water and electricity don't go well together.
No_Demand7741 t1_jconks8 wrote
What the fuck are you talking about
UrbanGhost114 t1_jconrzf wrote
You would put your plumbing, and electricity under your floor boards, without understanding why they don't do that now?
No_Demand7741 t1_jcontt0 wrote
They do do that now what the fuck are you talking about
Make a point
InternetUser007 t1_jcp1e16 wrote
Both water and electricity run through my walls. Do you think they are just mixing around in there together? Lmao.
crazylilrikki t1_jco7sbk wrote
> multipurpose offices for startups
This is purely anecdotal but I haven’t seen a startup offer anything other than full remote roles with the occasional option to be hybrid in the past couple of years so I’m thinking they’re mostly not interested in investing in real estate. But I guess maybe they could be massive coworking spaces?
suztown t1_jcp5ol4 wrote
Certain industries like biotech require physical workspaces though, so maybe those?
NefariousnessNo484 t1_jcpktgd wrote
Those need special permitting and they usually can't be in spaces designed for offices without a ton of construction. So yes it could be done, but it would be super expensive in an already ass expensive area. It's why a ton of biotechs are moving to Texas.
MaterialCarrot t1_jcolbju wrote
Malls? I thought the US was overbuilt in mall space?
sunplaysbass t1_jcoxino wrote
Malls are dying hard, not a great take on that one
Zouden t1_jcpbx4h wrote
Yeah who's clamouring for more malls lol
Which-Moment-6544 t1_jcn9lav wrote
Did Detroit ever figure it out?
werepat t1_jcon7pb wrote
Malls and offices? Aren't those two specifically noted as casualties of e-commerce and work-from-home jobs?
It needs to be housing and green space.
voidvector t1_jcomre8 wrote
Startups are going full remote at a higher rate than big tech. Two startups I previously worked at are now full remote.
Stiv_b t1_jcpdhu1 wrote
And, if you are launching a new startup you’re no longer gonna commit to big leases when you could use that money for R&D.
jdbrew t1_jcpp1uo wrote
Malls? What is this, 1983? Even out here in the Midwest where you need indoor shopping with heating when it’s under 20° and AC when it’s over 100°, malls are dead. We had so many, now we’re down to 3, and only 1 of them ever has any people at it. The other two are half vacant units too
yond001 t1_jcnz47b wrote
Probably crazy zoning laws that would somehow block that
DevAway22314 t1_jcoivnc wrote
Zoning laws would block most anything you wanted to do with them. The bay area has some of the most restrictive zoming in the world. That's why despite the lack of housing and insane rent proces, the vast majority of land is still dedicated to single-family homes. They loterally are not allowed to do anything else with it
The bay will be forced to redo their zoning eventually. It's already stunted the growth the area could have had to become a large diversified metro area
yond001 t1_jcpe9db wrote
The residents that ensure these zoning laws care more about their home prices being elevated then the growth of the area.
[deleted] t1_jcnji3i wrote
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No_Outcome2135 t1_jcpsxrg wrote
Please god, no malls.
[deleted] t1_jcrd65b wrote
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Adventurous_Ideal849 t1_jcne3bw wrote
The next cycle of big tech will buy them.
Uncertn_Laaife t1_jcnfpt5 wrote
They are all wfh. Gone are the days when you could attract a top talent to drop into work every day. The top talent nowadays is working remote.
Hawk13424 t1_jcphp74 wrote
For software. For hardware, I have to go to work. I can’t properly bring up and debug hardware at home. Just don’t have the required equipment.
bluePostItNote t1_jco6094 wrote
I give it a few years till the pendulum swings back. I don’t see full in office work but expect a hybrid model of plan in person, execute remote, to become much more standard.
xvandamagex t1_jcor0sa wrote
I don’t know if I agree. I worked for a company that forced people back in for 2-3 days of the week (your choice on which day). Most days I commute over an hour just to sit in an empty conference room and zoom with people who are now in different cities or working remote and didn’t come in that day. Massive waste of energy and time.
Iychee t1_jcoplwb wrote
Yes and no - I work for a big tech company yet half of my team is in one city, half in another. Neither are in California. I think a lot of companies hired talent outside of SF as well during COVID, so there's a lot of mixed location teams that couldn't plan together in office anyway
favpetgoat t1_jcp4tzl wrote
I can see hybrid happening but not on the weekly basis everyone's trying RN. The whole "you need to be in office 2/5 days every week" is so bad IMO. Everyone picks different days so you don't actually get the desired productivity of everyone sitting down and working together. Having 2 work days different from the other 3 throws off a lot of routines resulting in a bunch of wasted time. Plus when people are actually in the office together they spend a lot of time socializing because they haven't seen each other in a week. (Which I guess isn't terrible from a team building perspective but there are better options)
It needs to be spaced out and concentrated to minimize the disruption from changing work locations while maximizing the benefits of working collaboratively. Something kind of like the annual shows/expos/conferences that a lot of industries have but at the company or team level (depending on company size) and a little more frequent (monthly, every few months etc). Ideally they have some well thought out goals/projects you need to work towards together and a couple social activities for team bonding while everyone's together.
bluecifer7 t1_jcpuiaw wrote
Yep this is exactly what companies should do/are doing.
I go into the office once every 6 months for an entire week at a time, and so does my entire team
Hawk13424 t1_jcpi4wd wrote
My team and coordinate when we will go into the office. And sometimes we go weeks without going in and sometimes we have to go in everyday for a few weeks. Really depends on where we are on a project. Go in during initial brainstorming. WFH doing the bulk of the early software development. Back to the office to do bring-up and debug on new hardware.
favpetgoat t1_jcqde47 wrote
That sounds ideal TBH, doing whatever makes the most sense for the given situation instead of enforcing a bunch of rules just cause that's the way it's always been
Adventurous_Ideal849 t1_jcrm9sn wrote
> the desired productivity of everyone sitting down and working together
Ah yes, the mythical productivity boost... that guts my productivity by making it impossible to prevent people interrupting me on a whim. My presence probably saves one hour a day of waiting for my online replies, between multiple people, a net loss overall.
jeffyoulose t1_jcp2gbv wrote
Offices are nice. But cubicles open layouts and terrible commutes are what makes wfh better.
caroIine t1_jcskuv5 wrote
Hybrid mode exclude traveling while working so for any high ranking employee it's a nono.
You have only one life better to spend it in e.g. on country side than in congested city.
Uncertn_Laaife t1_jcnfihb wrote
Hotels and Condos, may be hospitals.
jeffyoulose t1_jcp2quy wrote
Why not just demolish them all and convert it back into parkland, orchards, farm land, public execution squares? Like Detroit?
Zalenka t1_jcnq84j wrote
Silicon valley really need greater residential density. They should teat them down and build high-rise apartments until rents drop by half.
ekw88 t1_jcnrvwy wrote
That won’t happen, the Bay Area homeowners block all residential expansion and high rises so they can sustain their overpriced real estate.
Zalenka t1_jcnwlew wrote
That feels really dumb and counterproductive, but I don't own a 2mm house that has bars in its windows, doesn't have curbs or sidewalks and is a block from El Camino Real, so....
JeffreyMarsalek t1_jcokye7 wrote
The banks that have the 30 years lease/mortgage on their balance sheet and would be fucked if this buildings would be priced fairly as totally use- and worthless?
sonic10158 t1_jcp1qz8 wrote
It certainly will not be going to help affordable housing
cwesttheperson t1_jcp7ozk wrote
Were legit in the midst of a commercial real estate crisis. Much better than residential as it mostly effects people with a ton of money, but we’re about to witness it regardless unless they make people come back to office.
BlazinAzn38 t1_jcpcg3l wrote
Downtown Dallas has started doing this recently. All those downtown office skyscrapers are being converted into housing which is definitely a nice step to reinvigorating downtown to a place people live instead of just commute to
[deleted] t1_jcnjdvk wrote
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uselessadjective t1_jcpj70v wrote
**Someone already replied but I'll put it again, BayArea owners keep on voting against to put more residential buildings to protect their overpriced real estate.
This is the reality tbh.
So you might see these spaces mostly getting converted to some kind of mall or something else which doesn't effect the house prices**
[deleted] t1_jcr7mrh wrote
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creepystepdad72 t1_jcpsc5b wrote
Residential conversion is a tough one - a vicious cycle is already well underway. The value of a business park condo is the proximity to work, but if work is trying to get out of the business park...
Coworking isn't completely unreasonable, but that's 1) a LOT of space; and 2) still in a business park - not sure it's worth an investment. There's companies that've dumped half that footage right in the middle of urban centers and the coworking companies won't touch it.
I figure it has to be REITs gobbling buildings up at steep discounts and doing a heck of a lot of work apportioning into smaller offices for leasing. Even though I think it's the most likely, it's still really tricky...
A company that would have killed for a 10K sqft. lease in 2018 (but were getting pushed out of the market in favour of the bigger guys willing to take 5-10x the footage) likely aren't interested at standard lease terms anymore.
A 10 year term isn't going to be attractive to 95% of companies, and with the amount of folks stuck with 5+ years left on a pre-COVID term trying to dump to a sublease it makes even less sense to be a primary lessee.
A valid alternative option might be hotels. Conversion costs aside, there's a good concentration of tech HQs in the area who (even with fewer on premise employees) will still have visitors. In my experience, the business park Omni's and Westin's seemed to do brisk business and I get it... There's not exactly a ton to do in Menlo Park or Redwood City, but sometimes you just want to get in and out of there.
[deleted] t1_jcpt922 wrote
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Practical-Pea1036 t1_jcq3ozs wrote
6x6 cubicle 2000/mo + 1/64 utilities and association fees.
zorg1578 t1_jcr8jhv wrote
But prices may go lower. Old crooks won't let it happen
skynard0 t1_jcnppky wrote
That makes too much sense for CA
yorfavmua t1_jcnkdgz wrote
I mean there’s so many homeless in the Bay Area on account of the tech industry
pimpeachment t1_jcocw0y wrote
So stick them in a giant open concept structure with no guidance and no barriers and hope for the best?
yorfavmua t1_jcq27f6 wrote
Sounds like every tech startup
yomerol t1_jcouvwd wrote
Sounds like CA appropriate with all that thieving shit show.
pimpeachment t1_jcqcyj4 wrote
Kowloon, CA
mascachopo t1_jcnpxe1 wrote
They are selling them because people are WFH.
yomerol t1_jcov35y wrote
And don't forget the massive reductions(or just coming back to normal after growing stupidly quick for a few years)
sigmund14 t1_jcq7gwu wrote
That is not really compatible with the other news saying these companies really want their employees to work in the offices.
hackingdreams t1_jcqgk4a wrote
They really want people to return to the offices so that their investment in said offices makes sense.
Employees saying "no" is what's causing them to have to choose to sell them instead.
I don't understand how this is inconsistent - if you had a car you haven't driven in two years, might you list it for sale rather than continue to pay registration/car payments on it?
deadjim4 t1_jcprmwa wrote
Because people are Waffle House?
FartedManItSTINKS t1_jcrd2g4 wrote
Just management
Ok-Run5317 t1_jcndq38 wrote
real estate is due to crash next.
Uncertn_Laaife t1_jcnft6t wrote
As it should be. When a common man can’t buy a home where they work, then the market is wrong.
cadium t1_jcnlhz2 wrote
If only congress would outlaw big banks/hedge funds/investors from buying all those properties with cash.
DevAway22314 t1_jcoiz7l wrote
Bigger problem is the overall lack of housing due to rampant overzealous zoning laws. Let people build dense housing, the cost will fall when supply increases
cadium t1_jcphtyt wrote
That's a way to do it. Changing zoning still has issues with NIMBYs fighting against it.
DRUKSTOP t1_jcoz5s8 wrote
No that is the problem. Private companies own a minuscule amount homes in compared to the public. We simply need more supply, and there’s little incentive to build to match the demand.
jeffyoulose t1_jcp3deb wrote
If only someone could crash these big banks / hedge funds to force them to fire sale properties and govt buys them and rent/sells them to people who can't afford homes.
cadium t1_jcphnix wrote
A better idea would be to introduce regulation for big-banks to price property rentals at or slightly below market rents with high fees for keeping properties vacant to drive up the cost of rentals.
They'll quickly realize they're not making as much money as they want and will sell the properties themselves.
Feisty_Perspective63 t1_jcseogs wrote
None of this is going to happen. Things are going to continue as they are like regular
zorg1578 t1_jcr8v66 wrote
I would add. Lower tax for living in, high taxes for holding
yearz t1_jco1kix wrote
This is a narrative you see alot, the fact is the portion of single family homes bought by hedge funds/institutional investors is small. The REAL problem is rampant NIMBYism that chokes supply of new housing
dopefish2112 t1_jco4rj9 wrote
in my area 40%+ of the single family homes are owned by corporations. so no, it is a big fucking problem.
DevAway22314 t1_jcoj230 wrote
The fact the majority of the area is zoned to only allow single family housing is the problem. It artificially constrains supply, thus increasing price
dopefish2112 t1_jcrtuvq wrote
This is true.
[deleted] t1_jcocv14 wrote
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bluePostItNote t1_jco61b7 wrote
Source?
SevereRunOfFate t1_jco7nof wrote
Found the realtor
cadium t1_jcphym8 wrote
"How much do you tip your landlord?" vibes.
favpetgoat t1_jcp5iho wrote
Por que no los dos??
Low supply of housing = high prices
High prices = people can't buy houses but corporations can
Houses still being bought at high prices = even higher prices
Even higher prices = people still can't buy houses
jeffyoulose t1_jcp3hkn wrote
Let's outlaw zoning laws. Then the problem will be solved.
yearz t1_jcr983v wrote
Houston did and houses are cheap in Houston
up_down_underwater t1_jcocsyh wrote
💯
-20+ real estate pro
yomerol t1_jcowsrj wrote
But that's the problem, someone else is buying those houses, and the market keeps going and will keep going.
As of now in March 2023, the market has slowed down and a bit less expensive, which was why the interest rates were raised. However, is not like houses sit on the market for long. As some other mentioned, there are a bunch of real estate managers buying houses/apartments and renting them, probably to that common man you mentioned.
They would need: to make credits easier for people who can't afford it, idk mark them as high-risk and give them a higher but variable interest rate, and then everyone can buy a house!!! /S (<- just in case people don't know, this is exactly the idea and what caused 2007 crash)
ramobara t1_jco1e0j wrote
The writing was on the wall before the pandemic, which only accelerated the inevitable.
jeffyoulose t1_jcp2wpp wrote
Yes but it's harder to see. Since the real estate crash won't be over night and covered on Twitter
fightin_blue_hens t1_jcpaawp wrote
Commercial real estate. People still need places to live
johnson_alleycat t1_jcp5j8y wrote
Condo prices in San Fran are already down 20%, which is beating the national average drop explained by mortgage rates
wizardstrikes2 t1_jcomhjl wrote
Hasn’t crashed yet. Bought my Arizona house 6 years ago and sold it for a $350,000.00 profit after realtor fees last week. California is a shithole run by shitbags, everyone should move out.
We don’t even vacation there anymore because plastic straws are illegal, been going to Florida instead.
Heartable t1_jcortb5 wrote
Not having plastic straws really kills the vacation huh?
wizardstrikes2 t1_jcos3q7 wrote
Vacation is suppose to be fun and relaxing.
It is very hard to relax when every time you eat you are reminded you are a slave to government greed and corruption.
The ban of plastic straws is the perfect example of government tyranny.
UnsuspectingS1ut t1_jcov93y wrote
Bruh if not having a plastic straw in a restaurant is what you think tyranny is, you must live a pretty soft life
wizardstrikes2 t1_jcowip5 wrote
Tyranny comes in many forms. First it is plastic straws, then it is soda, next it is taking away your right to bear arms, then freedom of speech. Before ya know it you are living in a shit hole country like China
Terrible_Airport_723 t1_jcoxukr wrote
At this rate Florida is closer to outlawing bare arms than CA (at least for women)
wizardstrikes2 t1_jcoy4wg wrote
Florida Weapons and Firearms statute, recognizes that all adult citizens of the state retain their constitutional right to keep and bear firearms for hunting and sporting activities and for defense of self, family, home, and business and as collectibles.
Women are not excluded in the constitution.
Terrible_Airport_723 t1_jcoz37m wrote
Bruh we’re talking about bare arms, not guns. Stay on topic.
wizardstrikes2 t1_jcp05uk wrote
I am on topic it is everyone’s right to bear arms or have bare arms.
Men and women can identify as a man, woman, or even a rock, so everyone has the right to bare arms. Arm Hair is nasty anyways.
CunningCapy t1_jcouhk5 wrote
You okay dude?
You know you can buy your own straws, right?
wizardstrikes2 t1_jcov61r wrote
Why would I buy my own plastic straws? They are free everywhere but California
gurenkagurenda t1_jcyd628 wrote
Sounds like socialism.
gurenkagurenda t1_jcu1717 wrote
Listen, plastic straw bans are silly and performative, but try to get some semblance of a grip.
wizardstrikes2 t1_jcu8s3w wrote
We have a grip. Our entire family (140 of us) go to siesta key Florida instead of San Diego now for vacation every year. We use to rent out the Pacific Terrace hotel. (Amazing people there). Sadly the elected officials have ruined the entire state.
We refuse to support the California socialist agenda where the state only cares about the rich and elites, while shitting on the poors and small business.
gurenkagurenda t1_jcwrf4z wrote
Yeah, that screed has “grip” written all over it.
wizardstrikes2 t1_jcy796u wrote
Most people call it common sense. Hence the mass exodus of both business and residential from the state of California. Sorry man it is a shithole. We moved 4 years ago and have never been more happy:
gurenkagurenda t1_jcyd0ec wrote
Weird how your link doesn’t mention the plastic straws.
wizardstrikes2 t1_jcydbx9 wrote
Not really. The plastic straw ban is the least of Californias problems. However It was the straw that broke the camels back for us.
monchota t1_jcnofzu wrote
WFH is the future for most tech employees , they are also moving to areas without absurd cost of living and lots od problems.
kamil234 t1_jcnucl4 wrote
Most tech companies want to return to office cause they sign 10+ year leases and want asses in those seats. Also pretty sure alot of big companies get tax breaks for having offices in certain cities which they don’t want to lose, but it makes no sense to pay rent on empty buildings.
The company i work for was one of the first to jump on the “work from anywhere” wagon. Now they want everyone on go back to the office 4 times per week. Unless you were already remote in the first place
TreeBeard2024 t1_jcny2hu wrote
I wonder if annual tax breaks are bigger than annual rent costs for the offices?
albertscoot t1_jcnzyxy wrote
Another reason is because someone up top will own the property outright and then lease it to the company.
MochiMochiMochi t1_jco6bfp wrote
But these same companies often have development offices in India; they are on daily meetings with people they'll never see in person.
As US layoffs continue they've replaced some roles with contractors from Brazil, Argentina, Poland, etc at 1/3 the price of US staff.
With all these 'remote' teammates there's no logical reason the remaining US-based staff have to be in the office either. This has all happened at my 5,000 person company and they have shuttered 70% of their US office space and now use the remaining offices for monthly events and hot desking.
There's no going back.
Tigris_Morte t1_jcouvgz wrote
>sign 10+ year leases^(*)
^(*)Which are owned by shell companies controlled by members of the Board.
danasf t1_jcmctub wrote
Some of them are built on literal toxic sites, in particular, the Apple campus is. There are ongoing lawsuits about this, but I don't think it's widely covered
happyscrappy t1_jcmyfbc wrote
They were cleaned up. Before the new buildings were built.
You're thinking of Ashley Govik's suits. She's not getting any traction and it's unclear she will.
For lawsuits of the sort of "I don't like my workplace conditions" her lawsuits are incredibly widely covered.
I think she has lawsuits against an apartment complex she lived in too.
anonymous_lighting t1_jcn7gyq wrote
a lot of formerly toxic sites are built different. instead of developer building and selling or leasing 5-10 years, they build and lease for long term 25+ years so any issues with the toxicity are pre negotiated with the developer, builder, tenant. and everyone is covered financially so if actually toxic in year 26, developer can walk away risk free
edit: this is going on in philly right now with hillco developers on former gas facility that closed after explosions
Fotofinnish t1_jcmj7o0 wrote
Toxic sites? So definitely turned into affordable housing?
satoshisfeverdream t1_jcn62sn wrote
Nobody is gonna pay for unaffordable housing on a toxic site.
aquarain t1_jcnppae wrote
The site of the Ebola Reston outbreak in Virginia became a daycare.
TheCoStudent t1_jcmw9ez wrote
Source for that? The land used to be controlled by HP before.
zeromeasure t1_jcnesyf wrote
No, HP. My first job out of college was at that site. It was mostly just offices, but they had an IC fab there in the 80s, and apparently there was some soil contamination. There’s probably many similar situations throughout the South Bay. It’s not like it was a nuclear waste dump or something.
werstummer t1_jcn1bac wrote
that even makes bigger the probability to make you toxic avenger +1
FrostySong6382 t1_jcntegb wrote
That’s the whole peninsula. No one talks about how Lockheed poisoned the earth here.
Doesn’t matter. We throw the first in continents and we seal the “plume” while working.
bstowers t1_jcnmmix wrote
sad trombone noise
ron_fendo t1_jcnqk57 wrote
Good, going to the office is a dead concept.
jeffyoulose t1_jcp3vwr wrote
Yes let's make the office and office space historical documentaries.
yorfavmua t1_jcnkai6 wrote
Soooooo anyone think the rents will come down?
DutchBlob t1_jcohlrb wrote
Hehehehe
No.
prefuse07 t1_jcocq6q wrote
Please let this be real!
Next at 6: tech workers leave the Bay Area, en masse, and real estate prices return to normal
dodobirdv2 t1_jcpawdz wrote
That’s not how this works
Gutotito t1_jcni9tc wrote
Nah, most of these places that set up "second headquarters" in recent years were setting themselves up to exit Silicon Valley way before this happened. It's fucking expensive to own and operate out there, and as long as they can offload while prices are high, that's a big bonus to shareholders.
dodobirdv2 t1_jcpaz5c wrote
Examples?
Doc-85 t1_jcoo26n wrote
Oh no!
Anyway...
Mudville24209 t1_jcnu03x wrote
Damn google is building that self sustaining campus on Caribbean avenue in Sunnyvale, makes sense to sell there other campuses in Sunnyvale.
Which-Moment-6544 t1_jcna2mc wrote
So this campus was built and designed for something that everyone figured out how to do from home? All these companies also became hyper efficient, and had way to high of a head count for a long time?
I've heard people talk about affordable housing, but what would the jobs be if all the jobs were at the campus? If these jobs can be done remotely, why would anyone pay for a higher cost of living employee? Just because a person costs more, doesn't mean they are the best choice.
Gamerboy099 t1_jcnwcy1 wrote
But without their Silicon Valley campuses how will they connect through the blockchain to network with AI to synergize with local companies.
MilkChugg t1_jco5wn8 wrote
Imagine the money these companies could save if they just allowed their people to WFH.
Tigris_Morte t1_jcouln1 wrote
A: the nypost? Really?
B: There is no actual struggle or in fact downturn ATM. WFH makes the campuses a waste.
[deleted] t1_jcnplzc wrote
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[deleted] t1_jco5tmr wrote
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Noeyiax t1_jcoeze0 wrote
Why don't they just rent it out? lol /s
OkTrouble5436 t1_jcojjec wrote
Who owns these buildings.
sunplaysbass t1_jcoxex0 wrote
If there is a struggle it is to impress stock holders as cost cutting has been a fad. Google and plenty of others are plenty profitable.
[deleted] t1_jcp0giq wrote
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AldoLagana t1_jcp0i7l wrote
Good they need to convert all those empty spaces into living spaces and apartments. People need a place to live out there.
DrProfessional77 t1_jcp2jfh wrote
Oh no!
Anyway…
fightin_blue_hens t1_jcpa91p wrote
I know people may not like this, but I think state or local government should buy the land to build affordable housing since nobody else will
Nabal2000 t1_jcpjjip wrote
Poor tech companies, hopefully our government gives them a bailout.
GongTzu t1_jcpl67u wrote
This sounds like an article in an Silicon Valley episode about Pied Piper.
drydenmanwu t1_jcplqir wrote
But about that return to office, we still need you in at least a few times a week.
CraftOk1944 t1_jcprf13 wrote
They all live in Tahoe now. Probably planning on draining the lake to build more campuses.
Realistic-Control-11 t1_jcq3bqz wrote
Regulate and unionized so when they fail there's something coming $ for the employees retirement and such
kenflan t1_jcq3h8k wrote
The campuses and tech culture would stay around if SF government was competent and the FED stopped implementing ridiculously rate hikes. "Hike it until it's gone" really is becoming "hike it until it's gone"
macbot3000 t1_jcq69hx wrote
“Struggles” lol as if.
[deleted] t1_jcqlx8p wrote
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cbartholomew t1_jcr2tcw wrote
This article isn’t written well and has missed many things. The focus was just on California. Seattle it’s actually even bigger.
MrDefenseSecretary t1_jcosq0n wrote
I’ll sleep in my car before paying someone for the privilege of staying in their shitty apartment.
No-Doughnut509 t1_jcpq3x7 wrote
Dot com meltdown part 2?
notmycirrcus t1_jcqrarb wrote
Clickbait. They buy and sell often. And not just in Silicon Valley. And all companies do this …
legodragon2005 t1_jcocna9 wrote
Give them back to the Japanese families who originally owned some of that land pre-WW2.
EDIT: Apparently the Reddit hivemind disapproves of giving land to its rightful owners...
PossessionStandard42 t1_jcokd7k wrote
Even big tech cannot afford Silicon Valley? How? And what is the chance of startups thriving in a place where taxes are all time high?
It seems like Texas is going to be the new tech hub.
LogikMakesSense t1_jcnps7n wrote
We are getting to the point where we simply have too many people. With AI, drones, robots, and being able to work from home humans are less and less necessary. There will always be need for certain things only humans can do, but there are just WAY MORE people than can be sustained with everyone being happy and healthy.
UnsuspectingS1ut t1_jcovkp2 wrote
We already produce more than enough food for every single person on earth to eat healthy. This is blatantly false
werstummer t1_jcn15yp wrote
tell me when its 30$ for campus, i am a bit of fan of campusiess myself. ill buy wone.
[deleted] t1_jcmlx5l wrote
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BruinBound22 t1_jcmvohx wrote
You might want to visit the place first
OG-Spinich t1_jcmwtbm wrote
No thanks. If it isn't that already, just wait a little longer. Soon, just like SF and LA, you will reep the rewards of your politics.
[deleted] t1_jcn5isx wrote
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happyscrappy t1_jcmymkz wrote
If nobody wants to be there, why is everything so overpriced?
"Nobody goes there, it's too crowded."
[deleted] t1_jcmz6nu wrote
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happyscrappy t1_jcn00k3 wrote
> Just wait for it. Let's come back and revisit this thread in one year. I will happily eat my words with a side of feces.
Oh, you'll eat those words. A year isn't long enough for a place like Silicon Valley to empty out.
> The rich rats flee the ship, then the fun begins in the vacuum left behind.
The rich rats already left. Larry Ellison is gone, National Instruments is owned by Texas Instruments. Idiot Elon Musk left for Texas. And other rich people filled the voids so far. A year from now it'll be the same. Maybe it'll be different in five or ten years.
And the same can be said for any place, including Texas.
[deleted] t1_jcn0n90 wrote
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Suzki t1_jcmbngi wrote
I wonder who the hell is going to buy those spaces now? Would be nice to see some repurposed for more affordable living in the city.