Friday, December 1, 2017

Commuting From Texas to San Francisco by Private Jet is Cheaper Than Setting Up Operations in SF!

Alex Tabarrok writes:
The NYTimes has an excellent piece on how difficult it is to build new housing in California, even in places where zoning allows such housing on paper. It includes this amazing anecdote:
Then there is Patterson + Sheridan, a national intellectual property law firm that has its headquarters in Houston and recently bought a private jet to ferry its Texas lawyers to Bay Area clients. The jet was cheaper than paying local lawyers, who expect to make enough to offset the Bay Area’s inflated housing costs.

1 comment:

  1. I don't know how the companies out there are finding more and more people willing to move there and take on seven figure mortgage debt.