It’s odd they don’t mention the sky high taxes in California as a driving force for the exodus and the fact the Gavin Newsom wants to raise them even more to cover Covid shortages. There’s only so much you can squeeze out of people before they’ll pack up an go.
Remote work is reshaping San Francisco, as tech workers flee and rents fall
451–460 of 1001 posts
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#452I think you have to realize this is San Francisco specifically. Not the entire Bay Area. A lot of people worked in places south of San Francisco and then commuted south because SF is basically the only city nearby that isn’t awful. But now that everything is closed down, all the good parts of SF are generally gone. Who wants to live in a cramped apartment with too many roommates and no yard? The trade was always that…
Can you expound on this for someone who does not live in that area?
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#453Earlier quoted context omitted.
> People are leaving because quality of life has fallen dramatically and the only thing keeping people in SF was their offices. What are these quality of life issues, and how have other cities avoided them?
Here's a short list to get you started: - Homeless issues. Mentally ill people pissing and defecating on the sidewalks in every significant public space. - Vehicle vandalism is extremely common and unchecked by police. - Extremely high income taxes with no perceivable difference in government-provided services. - Property tax law that advantages long-term owners over young people trying to buy at today's inflated pri…
Why would anyone vote for the incumbents in SF’s next elections is beyond me.
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#454I am living in SF now and this confirms a very clear pattern that I have seen emerging, particularly of tech workers. I would say that >50% of the people I know who were living in the city have left, or are in the process of leaving. Some examples (there are countless): 1) All three of the roommates that I had are choosing to leave either permanently or temporarily. 2) A friend who works for google who is going on a…
Interestingly this seems to only cover people who don't have kids. Do you think people with kids are stuck in SF, or have they moved out much earlier?
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#455It’s odd they don’t mention the sky high taxes in California as a driving force for the exodus and the fact the Gavin Newsom wants to raise them even more to cover Covid shortages. There’s only so much you can squeeze out of people before they’ll pack up an go.
Taxes have always been high in California, didn't they? It's not like it changed dramatically in the last 5 months compared to the last 5 decades, compared to the rest of the nation. And still, California kept growing.
I expect California to try some sort of remote worker tax soon to try and stop the bleeding. Best of luck to everyone out in search of greener pastures. Remember not to enact the same city policies that turned California into what it is today.
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#456I got a job offer from Capital One several years ago in Richmond, VA. I liked the location and the company but my current gig is paying over twice as much in San Jose, CA. I just don't see this panning out on a large scale once people realize that their paychecks will also drop significantly when they move away.
If you didn't do a basic cost-of-living comparison, then it's probably good that you didn't go work for a bank.
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#457Earlier quoted context omitted.
If you make $250k in SF (sounds high, but about average for the people I know that are leaving SF), state income tax alone is $19,996. If you make that in Texas, state income tax is $0. That $20k/year is for many people a bigger deal than the cost of living. Most people I know leaving were home owners or rent controlled. Source: moved to Austin in June.
Property taxes in TX are generally higher but the lower average home price sort of negates that. Regardless, I'm looking forward to competing with even _more_ cash offers over listing price within 24 hours of a listing going up.
Cities take note and start rolling our fiber as fast as you can.
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#458Earlier quoted context omitted.
> People are leaving because quality of life has fallen dramatically and the only thing keeping people in SF was their offices. What are these quality of life issues, and how have other cities avoided them?
Here's a short list to get you started: - Homeless issues. Mentally ill people pissing and defecating on the sidewalks in every significant public space. - Vehicle vandalism is extremely common and unchecked by police. - Extremely high income taxes with no perceivable difference in government-provided services. - Property tax law that advantages long-term owners over young people trying to buy at today's inflated pri…
And to add to the roommate problem, I think a lot of people in sf led lives predicated on not spending that much time in their tiny housing. All of a sudden with everyone all home all the time... oof. You really need a separate office for each person so you're not spending 95% of your life in your bedroom. That's pretty unaffordable for most of the city.
My company bit the bullet and allowed permanent remote. Fifteen percent of our employees have already left sf. I suspect this will accelerate as leases expire.
Also, the stunning incompetence of sf government has led to property prices that are just stunning. A coworker bought a nice condo -- obviously elsewhere -- for less money than he was paying to have two roommates in sf. Getting out from under the ridiculous cost of living here leads to such a stark change in quality of life elsewhere.
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#459I am living in SF now and this confirms a very clear pattern that I have seen emerging, particularly of tech workers. I would say that >50% of the people I know who were living in the city have left, or are in the process of leaving. Some examples (there are countless): 1) All three of the roommates that I had are choosing to leave either permanently or temporarily. 2) A friend who works for google who is going on a…
Alternate experience: I just moved into SF a week ago from elsewhere in the Bay. I was able to get a large, modern, luxury 1BR in a decent location for under $3K + almost a 1 month concession and no deposit. Being a single, young(ish) guy, it still makes sense to be in a city. I have more space than I need now, and I can afford the rent. Maybe things aren’t that nice right now, but I’m hoping they’ll get back to semi…
A city, yes. SF? No. By far it's the worst place for this I've ever seen.
Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall
#460Earlier quoted context omitted.
Here's a short list to get you started: - Homeless issues. Mentally ill people pissing and defecating on the sidewalks in every significant public space. - Vehicle vandalism is extremely common and unchecked by police. - Extremely high income taxes with no perceivable difference in government-provided services. - Property tax law that advantages long-term owners over young people trying to buy at today's inflated pri…
> Vehicle vandalism is extremely common and unchecked by police. I believe the problem is more nuanced. I spoke with a retired police officer, and he said, "we can only give them a citation, and they [the vandals] know that, that they're gonna be out the same day." In other words, the law is the problem, not the police.
The police prioritize protecting the property rights of large landowners, first and always. Don’t buy their excuses.