Today in the Bay Area

[mrwicked]

blog from my friends over at wealthfront.

what it takes to live in the area these days - pretty interesting.

for a young couple, living off just $250k a year will not cut it.

 

You need equity to live in silicon valley

https://blog.wealthfront.com/college-vs-retirement-savings-silicon-valley/

[Brandon]

I always wondered how low end or entry level people make it out there. Does the receptionist for these huge companies just have a long commute?

[mrwicked]

I always wondered how low end or entry level people make it out there. Does the receptionist for these huge companies just have a long commute?

 

its not saying they can't live here so much, they just likely cant buy and send their kids to college unless you have successful exits via equity in company/startup.

rent is insane though, more than a mortgage in lots of places - so those people either yep live far away, or not in the best parts of the city, or they shack up like 4-5 to a rented house/apartment.

it can be pretty crazy, but there are definitely ways to live here and not be making baller green.

[mrwicked]

lol@zynga.

 

one year after ridiculously overpaying $200m for OMGPOP (the folks that made draw something)....

they shut it down.

 

Zynga Reportedly Shuts Down OMGPOP One Year After Acquiring It For $200M

 

http://techcrunch.com/2013/06/04/zynga-shuts-down-omgpop-one-year-after-acquiring-it-for-200m/

[katie]

I remember one of my friends who lived in the city paid about twice as much as I did living in the east bay, and I had a room about twice as big with brand new kitchen amenities and only 1 other roommate. I went out in the city just as much as she did. Didn't see the point of living there when public transportation was so good... Also couldn't really have my horse in the city (cue st1ck)

[St1ck]

I remember one of my friends who lived in the city paid about twice as much as I did living in the east bay, and I had a room about twice as big with brand new kitchen amenities and only 1 other roommate. I went out in the city just as much as she did. Didn't see the point of living there when public transportation was so good... Also couldn't really have my horse in the city (cue st1ck)

 

 

You have kitchen amenities? Why have you never brought this up before? 

[nate]

Look at your horse, your horse sounds delicious

[DowningRules]

Is East Palo Alto still rough trade, or did it get upgraded over the duration of the last two tech booms?  Back in my day, that was the place to go for crack.

[mrwicked]

Is East Palo Alto still rough trade, or did it get upgraded over the duration of the last two tech booms?  Back in my day, that was the place to go for crack.

 

its getting better.

still not great but its way better than it was.

which is crazy because palo alto next door is one of the wealthiest cities in the nation.

the mad prosperity of the first dotcom boom pretty much skipped over that town, but recently its been getting better because theres only so much land but plenty of money floating around, so gentrification was bound to happen. lots of facebook and google people moving in and booting the poor people out.

[katie]

Old Pro- great palo alto bar

[mrwicked]

Old Pro- great palo alto bar

 

lol yep, great place.

when we sold our company we did our party that afternoon at the nuthouse which is a silicon valley staple.

[DowningRules]

lol yep, great place.

when we sold our company we did our party that afternoon at the nuthouse which is a silicon valley staple.

 

I used to love the Old Pro.  I think it said "Dick and Betty's Old Pro" over the doorway.  It was a good place to day drink.  Good games too.

[katie]

The window into the men's bathroom was funny.

[Lhalo]

Google execs building their own airport.

http://www.businessinsider.com/googles-top-three-executives-are-building-their-own-82-million-airport-2013-6

Now that is serious FU money.

[Tank]

Google execs building their own airport.

http://www.businessinsider.com/googles-top-three-executives-are-building-their-own-82-million-airport-2013-6

Now that is serious FU money.

Owen Wilson and Vince Vaughn continue to have gainful employment.

[mrwicked]

apple WWDC today here in the city.

its a mad house im sure.

 

http://techcrunch.com/2013/06/10/live-blog-wwdc-2013-keynote/

 

[katie]

Yesterday in the Bay Area, I ate at a Chipotle in San Mateo. It was yummy.

[mrwicked]

Yesterday in the Bay Area, I ate at a Chipotle in San Mateo. It was yummy.

 

what did you have?

[katie]

burrito bol, no meat

[Mile High Dreams]

7 looks like heaven...in that my iphone is now an android phone...

[katie]

2 Chainz robbed at gunpoint in SF

http://wonderwall.msn.com/music/2-chainz-robbed-at-gunpoint-1755341.story

 

(am I doing this right?)

[Tank]

burrito bol, no meat

I am so proud of you right now.

[Brandon]

attached to your girl like a jpeg

[nate]

Head of Microsoft's Interactive Entertainment Business, Don Mattrick, is taking over as the new CEO

 

http://slashdot.org/story/13/07/01/2156206/don-mattrick-leaves-microsoft-to-become-ceo-at-zynga?utm_source=slashdot&utm_medium=twitter

 

Lol...

[mrwicked]

Head of Microsoft's Interactive Entertainment Business, Don Mattrick, is taking over as the new CEO

 

http://slashdot.org/story/13/07/01/2156206/don-mattrick-leaves-microsoft-to-become-ceo-at-zynga?utm_source=slashdot&utm_medium=twitter

 

Lol...

 

saw that.

give pincus credit - he is very good at making himself insanely rich to then immediately sink a company. im surprised he's even staying around.