| ||Ask HN: Just how bad is the Valley economy|
15 points by willheim on Oct 25, 2010 | hide | past | web | favorite | 18 comments |
|So last night (Sunday October 24th) I was watching 60 minutes and they had a 20 minute segment on how the SV/San Jose area was in complete and utter economic meltdown. They were talking about the 99ers (99 weeks unemployed) and interviewed all these PhDs and other qualified older people who had lost their jobs, couldn't find another, and had burned through savings.|
I've looked at moving there but wonder now just how bad the local economy is. Here on HN it's all rosy (bootstrapped but rosy) with VC cash being talked about every day.
What's the real story? Seems people can buy homes in San Jose for far less than renting in SF.
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