Quote:
Originally Posted by DCReid
I would guess it has to do with the Bay area economy being the center of the tech boom, and attracting people from all over the world. Even with high housing prices, the Bay area is attractive to professionals because those companies pay so well, or the professionals (and perhaps even non-professionals) dream of being part of a start-up and getting mega-rich overnite. I would also guess that the Bay areas counties would reach further out for those in search of cheaper housing and more land. Exurbs of most expensive metros like DC started growing again a few years after the 2005-6 real estate bust.
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I think this is what it is. And I assume that the Bay Area's top largest employers are all private?
The largest employer in Los Angeles County is, well, Los Angeles County. In fact, the top 4 employers in LA County are all some kind of government entity:
1) County of Los Angeles
2) Los Angeles Unified School District
3) City of Los Angeles (including LA DWP)
4) University of California Los Angeles
You have to go to the 5th largest employer ranking to have the top private employer, which is Kaiser Permanente.
And after Kaiser, the next largest employer is the Federal Government (minus the USPS).
So yeah, I doubt that people from all over the world say "I wanna move to LA so I can work for the County of Los Angeles!"