Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> who are the shovel sellers in this goldrush?

Property owners, who get to rent out their houses and complain about how millennials ruined everything?



Long term property owners who benefit from Prop 13 to be precise. John Arrillaga, Stanford grad, saw the Valley for what it was and bought property. And kept it. Google rents from Arrillaga just as Sun did before. Prop 13 locked his commercial property taxes in at 1978 levels.


Oh yes they are milking that cow dry




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: