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(woman holding unicorn) Now the bad news. You're going to have to find housing in the Bay Area.

Unicorn Hunters

Unicorn Hunters published on No Comments on Unicorn HuntersPurchase print

Pitch: “Unicorn Hunters” — This reality show will follow the exciting, thrill-a-minute world of venture capitalists as they pore over income statements, commission reports and conduct hours-long, gruelling interviews with founders and key staff. (Note: we’ll need a LOT of clever camera work to maintain visual interest.)

I wonder just how concerned VCs are about housing affordability in the Bay Area (and in my home city of Vancouver), where both home ownership and rental costs are spiralling to prohibitive levels. The real estate bubble makes it a lot harder to attract those talented creatives that Silicon Valley supposedly values so highly, as they face punishing commutes from the far-flung communities they can still afford to live in. And it risks turning big swaths of urban landscape into deserts of affluence, feasible only for a thin, homogenous slice of the population.

(In lieu of the next two paragraphs, I’ll just say “Richard Florida.”)

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