461–470 of 1001 posts
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Some economists think negative interest rates can work. I for one look forward to having a mortgage where the bank pays me every month.
And cash that disappears from your bank account? Great for going long in the stock market.
It seems very tough to draw any conclusions on this just yet. The media has clearly latched onto a storyline of a mass exodus from American cities, but the reality is probably much more complex. It seems plausible that SF already had such low inventory numbers that any change would look huge on a chart like this, though that doesn’t appear to be the case in the other highly competitive markets seen here. I’d love to…
I was surprised that in SF of all places the impact of COVID on AirBNB rentals wasn't even mentioned. I'd expect some people doing that have decided to just rent it like normal housing and actually increase the housing stock. But way too early to tell, I'm still never expecting to move back there.
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I manage a team of 10 people in San Francisco and confirm a similar pattern. 8 of them have moved out of their SF apartments either to move somewhere else more spacious or in with their parents outside of the Bay Area. Other people I know at my company have renegotiated rents. Most but not all are open to the idea of moving back depending on how things play out over the next 6-12 months. I think their is still a big…
> I would expect somewhat of a swing back away from remote work when we get a vaccine. I think a lot of people will move back to where offices are located, but I'm wondering if we'll see an increase in people who fly in for a few days every few weeks for meetings then jet back home to a cheaper part of the country. Relationships are hugely important -- and deep relationships are almost always only built in-person --…
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> 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. I agree, but I have found it so interesting that so many people on the peninsula or south bay are completely fearful of San Francisco! Its the opposite view of what you wrote. More of a classic "everything is scary except my suburb" misconception. I've seen it in other place…
I've had different experiences every time I've gone to the city. During my last visit, we steered clear of market and spent a nice day in Mission/Castro/Japantown. On one of my previous visits, I had a guy threaten me. The city is a mixed bag. The only other west coast city I can compare it to is Seattle. Outside of SF and Seattle, every west coast city I've been to has been almost 100% peaceful, safe and enjoyable.…
Its easy not to know that its not where to go.
Trendy transplants hang out on Valencia St in The Mission and towards Delores Park. Or on Union St in the Marina and towards the water. Or on the lawn in the Presidio. Or at Ocean beach. You will never see any strife, out of sight out of mind. These areas are still doing great for socializing and a brief escape. There are quite a few others places as well of course but I dont think I really want peninsula and south bay suburbanites coming to them lol.
Visitors are corralled into areas by Union Square, Embarcadero, Market St and the worst parts of SOMA. Its logical to want to go there but its a mistake. Commuters and sports fans are only familiar with that area, along with the parking garages being plentiful. But for a recreational visit, use this post as a guide.
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>> riding the rest of this out back in Canada so we don’t get robbed/assaulted. Better come home quick. Canada is getting more than a little afraid of how badly the US is handling the covid thing. Politeness only goes so far. https://www.bbc.com/news/world-us-canada-53742684 "While the border closure has had significant economic and personal repercussions for the millions of people that live along it or have loved on…
That’s for tourists. No one is talking about closing the border to Canadian citizens coming home. Pandemic or not this seems completely unimaginable.
Remember when trump spoke of closing off new york state? Canada has actually done something similar.
https://www.gov.nl.ca/covid-19/individuals-and-households/tr...
>>When entering Newfoundland and Labrador, visitors will be required to produce two pieces of government issued identification to verify that they are a permanent resident in one of the Atlantic Provinces. One piece of identification must include a home address.
Relocating to the Bay area is completely out of the question for me, especially now that so many tech companies will let me work remote due to COVID-driven changes. The end result here is that my company is going to end up losing me to a competitor who can accommodate me working where I am.
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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.
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Almost all apartments in SF are rent controlled. The landlord can only raise the rent by some tiny nominal percentage mandated by the rent board every year.
This isn't really true... it only applies to units that were built before a certain year (1979). If you are in any kind of modern unit / luxury unit as noted by GP, then this won't hold. However, most landlords in non-managed buildings are fairly reasonable about only raising rent 2-5% a year. Your mileage may vary.
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> 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.
If the same people were smashing the windows at Starbucks or Walgreens each day, the police response would suddenly be totally different. The police prioritize protecting the property rights of large landowners, first and always. Don’t buy their excuses.
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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…
Public transit is a huge problem. Even if, say, my coworkers were willing to ride public transit, I'm not sure I'd be willing to be in the same room as them. 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 n…