American - Businessman | -
The tech industry's love for scrappy, accessible founders adds to the pressure. You're expected to lead by example, to roll up your sleeves, to know everything going on.
Glenn Kelman
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As a captain of industry, I would prefer more tax breaks to help people buy houses, but as a citizen, I realize someone has to pay.
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I just don't like bullies. Especially hypocritical bullies.
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If you actually believe in free speech and not simply the free distribution of other people's intellectual property, you should let journalists, law firms, and investors exercise their rights to it alongside your own.
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Funny money has always been the reason housing prices have risen too fast. First, it was liar loans and negative-amortizing mortgages, where the total amount you owed increased rather than decreased every month. We all know how that ended, with the global financial crisis of 2008.
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Most of the tech CEOs I know used to think that moving to the Midwest or the South was beneath us, a good tactic for the Boeings of the world who don't need the kind of rare skills we depend on, who have to grub for profits when we reach for growth. But if Amazon can't afford to keep growing in Seattle, who can?
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What employing thousands of people in the middle of the country has taught me is how good and hard-working Americans in all cities are, and how much most of the country resents our wealthiest cities' sense of entitlement and condescension.
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When we talk about a city's cost of living, we don't mean food, transportation, or clothing, which cost about the same everywhere. We mean housing.
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We need a government policy all-out in favor of more, denser housing.
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Employers are as sensitive to housing costs as their employees, which is why, when we build more houses, we create more jobs.
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It's hard to improve our schools. It's hard to redistribute wealth created by the concentration of technological and financial power or to increase middle-class wages. But it might be easier to lower middle-class costs by building more housing.
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Folks are leaving Silicon Valley, mostly because they can't afford to stay.
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