Snap is now trying to grow out of Venice because they've already businified/gentrified/grown too much and are getting a lot of local hate

Makes me wonder if Spiegel will bite the bullet and open up a SV office, like Tinder has.

Snap already has an SF office.

Wait, where?!

I'm just glad its not in San Francisco! Too much money lives here.

are they tho ?

Brand new 2.65M condo units next door to me in Santa Monica. One immediately sold and I expect the rest to go as soon as all these paper millionaires in the neighborhood turn real.

Venice has already turned into the most expensive rental market in LA [0] and it is dragging Santa Monica's prices up with it. I'm in a rent controlled apartment and I don't think I will move out of it at this rate unless I leave California entirely.

0 - http://www.laweekly.com/news/how-venice-became-the-most-expe...