California's economy dodged a Covid budget bullet thanks to tech, but flight risk is real

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Blockbuster IPOs and tech bull market lifted California's economy during the pandemic even as challenges facing the state piled up.

"Unless you're one of the few people who had an insane exit, the prospect of buying a house in San Francisco is pretty much non-existent," said Fellay, who graduated from the University of Colorado at Boulder, about 30 miles from Denver. "The talent pool for some key roles in high growth tech is concentrated in San Francisco, but it's been easier than I thought it would be to hire."in March, after holding all of its investor meetings over Zoom.

"It feels like we're still in this experimentation where people are testing out new living situations and where they have the ability, thanks to tech, to try new things," said Hebert, whose firm has offices in New York and Silicon Valley. "I think we'll end up somewhere between what we've seen over the past year and what was normal over a year ago."

 

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Thanks to our rainy day fund that made a killing in the stock market. (Does your state have a rainy day fund) Brilliant planning and leadership. Made a saving for emergencies. Had an emergency. Not broke after emergency.

These 'Bullet Dodging' reports R nothing more then delusional Newsom Propaganda. Reality: 1000's of businesses permanently closed & Millions of people R suffering Extreme Long Term Hardship directly due 2 Newsom's State Mismanagement. The Cal Economy has been brought 2 it's knees

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