I love reading Guy Kawasaki… so needless to say I was rather amused when I saw this particular quote in his piece on how to create a place that beats Silicon Valley:
\Signum sine tinnitu–by Guy Kawasaki: How to Kick Silicon Valley’s Butt
High housing prices. If houses are cheap, it means that young people can buy housing sooner and have kids. When they have kids, they can’t take as much risk and don’t have as much energy to start companies. (I have four kids—I barely have the time and energy to blog, much less start a company.) Also, if houses are cheap, it’s easier to “make it big,” and you want it to be hard to make it big.
It always amuses me when people say that the Bay Area is great for raising families. (It certainly ain’t the public schools!) Silicon Valley was based entirely around not having families. Look at successful firms like the early Apple, or the current Google.
Maybe I’m wrong. Do you think the Bay Area is great for families?