Dont count on it. A LOT of scum from New York sick of the rancid festering swamp they turned it into are flooding into the SFBAY. The rat vermin that destroyed this country from Wall St are coming to SFBAY to start the process all over again.
The USA is finished, the middle class is finished, the public schools are finished, and it will be HAVE and HAVE NOTs.
Unfortunately for us, the HAVEs want SF and Peninsula real estate. These rats will borrow from the taxpayer (via the GSEs) and drive up prices and rents using our own money , and then inflate us away.
Q: What do you think Silicon Valley is going to be like in five or 10 years?
A: It's going to be a lot more like Detroit than like Silicon Valley. The great news is we're going to be the molecular biology hub for the world, but we will have more competition -- in San Diego, in Boston, in Tel Aviv. But the gestation period of a company in molecular biology is very different from that of a software company. The returns will be slower in coming, so the whole metabolism of the valley will have to be retuned for that industry.
Update: Biotech didnt work out all too well. It certainly does not aid in commerce as air transport, technology, rail roads, internet and many other economic booms provided.
It makes me sad that nobobdy has the guts to trade greencards to a million chinese in exchange for commiting to live in detroit for ten years.
That's brilliant! But I don't think you could keep those immigrants in Detroit. They would escape.
I recall that the Lebanese fleeing civil war in Lebanon actually prospered in Detroit. They were armed, and generally bad people to mess with. Owned all the gas stations, convenience stores, etc. Maybe we should invite Iraqis to Detroit.
For almost a half century last century, Detroit was a boom town. Between 1910 and 1950, few cities grew faster, were wealthier, were more attractive to those seeking success than what became known as the Motor City.
Sixty years ago, car makers from Chrysler to Cadillac, Studebaker to Dodge had plants in or near the city limits. There were hundreds more parts plants, steel mills, foundries and parts depots, where the products built in Detroit factories were sorted and sent on to the vast networks operated by the auto companies across the country. People in all parts of the city could walk to work, or take a streetcar or bus. Some of them chose to drive, because they earned enough to afford to vehicles they were making (something their parents and grandparents might not have been able to do).
Professor Boyle says that in Detroit's glory years, from 1910 to 1950, the city was a boom town, equal to any of the gold rush towns of the American West
Detroit already has a huge Iraqi population. In 2008 alone about 14,000 settled there. When I was passing through it appeared to be a stronghold. Not sure why they are attracted to Detroit and Dearborn, but they are already there by the tens of thousands and have been for some time.