As a Danish company who a year ago moved to Minneapolis, I can tell you that there is hidden gold in the mid west.
Especially in Minneapolis there are tons of universities and cost of of living is much lower than the west coast. It makes it a lot easier to keep your employees once they want to start a family, something far too many companies neglect.
Yeah, that's the irony of other cities trying to compete with Silicon Valley. If a city succeeds at this and a lot of well-paid engineers move there, that city will end up a lot like Silicon Valley, including the high housing prices and the traffic.
As long as those new liberals don't outnumber the existing population, they should continue to allow for growth and hence housing won't be a problem. Housing doesn't get expensive because highly paid workers go there. Housing gets expensive because voters and politicians don't allow enough housing to be built (lack of supply).
well, mainly the problem is the city doesn't prepare for it. For example, not keeping up with housing demand, public transit demand etc. THEN you get the bay area ;)
The private market will make the housing available and keep rent low, which you can then serve with infrastructure via. property tax. San Fransisco and other coastal cities are the only ones that haven't figured out to just build homes.
Well, I think they have, but there is a vested interest in keeping the housing prices high.
And as much as I hate it, I do understand it. CA asked for this problem and now it will be hard to reverse. What would you do if you had millions of dollars tied up in your home and it was your only asset of value?
Huh? There's UHC/Optum sure, but also Best Buy, Target, and a bunch others. Most of the people I know don't know or care about the healthcare scene here.
Especially in Minneapolis there are tons of universities and cost of of living is much lower than the west coast. It makes it a lot easier to keep your employees once they want to start a family, something far too many companies neglect.