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Remote work is reshaping San Francisco, as tech workers flee and rents fall

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Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#501
For the people leaving the bay area - I'm curious what your living situation is.

I've been in SF or Palo Alto for 15 years since graduating. I'm single, most of my friends are here and the rest are in NYC. I love the idea of moving somewhere more spread out, maybe close to the beach or in the woods, but not at the expense of being isolated. Sure, I know a couple people who've moved away but the vast majority are staying in the city.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#502

Earlier 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.

No one is blaming the police officers. The police workforce is just a bunch of employees working for the government or the city.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#503
post #467

Earlier quoted context omitted.

> 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.

"We can only give them a citation"? I think a big part of the issue is that the police almost never even do that much. They do zero . If you try to call this stuff in, they laugh at you.

I've called 3 times for 3 different broken windows on my car (a 2010 jeep - nothing special) and they literally just send you to an online form that automatically generates a generic police report. Insurance fraud here also has to be off the charts.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#504

Earlier quoted context omitted.

I don't agree with the dichotomy here. There's no "more than" about it; interfacing with people is one of the most important ways that white collar professionals produce value for a company.

Thankfully we have technologies now that have moved beyond smoke signals and we can actually talk to people without being in visible range.

It remains an open question whether online interactions are a sufficient replacements to in person interactions.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#505
post #470
post #458

Earlier quoted context omitted.

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…

The property prices are due to "stunning incompetence of SF government"? I'm not buying that. Public officials are not in charge of—nor do they have any real control over—property values. Your co-worker who bought property elsewhere wasn't able to do so because the mayor of that town was incredibly competent. That had absolutely nothing to do with it.

The SF Board of Supervisors has a lot of control over the supply and has used it to make it very hard to build anything. High prices are a direct result of low supply.

I'm not sure I'd call it incompetence though, they are very motivated to keep existing landowners happy. Higher prices and fewer neighbors to deal with is an easy way to do that.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#506

Earlier quoted context omitted.

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?

Good question. The two considerations I would say here are 1) Rent vs own - everyone i know in the own category is staying for now, and actually exhibiting the opposite tendencies and digging in for the long haul 2) School is now officially going full remote. This was a unknown for many families and now we will see what they choose to do.

The only thing keeping me in the Bay Area right now is my mortgage. I envy you renters who can just leave at the end of your leases! With work from home and school from home, there is no reason to physically stay in the Bay Area. We might as well move to an RV in the Nevada desert. $200/acre and I get as much benefit (nothing) from zero income tax there as I do in CA at 10%.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#507
post #492

Earlier quoted context omitted.

And for reference, a Hayes Valley 1bd would still be right above $3k. Or right below with concessions. Luxury studios are going to $2400 already though. Expecting further drops. Yes, there are many people in Central Valley who can now afford to live out their dream of being in "the city". A change of scenery is a change of scenery. I've met suddenly unencumbered East Coasters that roadtripped across during Phase 1 Sh…

Luxury studios were about that much 10 years ago. I don’t expect drops to be much further. The exodus is already decelerating according to Zestimates I’ve been following closely. I expect prices to drop further for a little bit longer then start to creep back up. Anyone who wants to live in the best weather in the continental USA should lock in their price now.

I also think $2400 is a floor here, but I also think the spread between unit types will get much closer. Instead of a 1bd being $2900, maybe it will be $2490. I've seen this curve compress in a lot of different combinations over the last 3 months.

But the other factor, which I think everyone is still neglecting, is that the exodus was only voluntarily exits. Evictions and foreclosures aren't happening and there is a massive backlog when they do. So with only the current date, November - January is when the fireworks start.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#508

I 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…

i have an honest question here. i haven't lived in sf -just visited. i have however been to most states and about 40 countries for comparison.

food - most of what i saw was not good food. hipsterish overpriced food made by chefs trying to show off by putting a twist on dishes -not to be good, just to be different or weird. tiny portions, not tasting above average, on a huge plate. all presentation, not actual taste.

culture: there is no culture. culture was when i lived in versailles. sf is all snooty people with no content, trying to show off. culture is down to earth, with class.

bars -there are very few attractive girls at bars, or at offices, or even on the street, compared to just about anywhere in the world. and if that's not why you go to bars, i have to ask -you'd enjoy going to bars with mostly men? because that's cool too -once in a rare while.

density is poor in sf. in good cities, you can walk where you want in a few minutes. sf is uber heaven. i've lived in cities with amicable density - without a car, and maybe grabbing a cab once a month. sf ain't it.

the weather's not bad, a little windy. and the ocean is close by. housing prices are being kept artificially high by sf itself -not letting people build housing.

so i can't see anything about sf that'd make people want to live there other than higher salaries. and the first chance they have to earn that salary elsewhere or remote, they jump on it.

so i think that's what's happening now. nothing to do with covid directly -just people who would never live there in the 1st place if it wasn't for the job, leaving as soon as the job lets them.

i think all this analysis of what people are doing and why weirdly avoids the very simple explanation -everyone's just doing what work lets them do. it's entirely dictated by employers.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#509

Earlier quoted context omitted.

What are these quality of life issues, and how have other cities avoided them? They haven't. But other cities have handled some quality of life issues differently, or better, or in some cases worse. It's all cyclical. New York was a great place to be in the 60's, largely due to quality of life. New York in the 70's was a hellhole, largely due to quality of life. These things ebb and flow in every city. It's just SFO'…

Uhh, maybe US cities haven’t, but here in Tokyo I never smell feces, step on needles, nor are there hordes of homeless people in every major part of the neighborhood, in a city that has affordable housing, a truly phenomenal public transit network, streets that pretty much never have potholes, and endless cultural and culinary amenities, in a place with GDP per capita far lower than SF. And it similarly was the case…

Not all of us have the opportunity to just up and leave the US, unfortunately.

Re: Remote work is reshaping San Francisco, as tech workers flee and rents fall

#510

Earlier quoted context omitted.

What are these quality of life issues, and how have other cities avoided them? They haven't. But other cities have handled some quality of life issues differently, or better, or in some cases worse. It's all cyclical. New York was a great place to be in the 60's, largely due to quality of life. New York in the 70's was a hellhole, largely due to quality of life. These things ebb and flow in every city. It's just SFO'…

Uhh, maybe US cities haven’t, but here in Tokyo I never smell feces, step on needles, nor are there hordes of homeless people in every major part of the neighborhood, in a city that has affordable housing, a truly phenomenal public transit network, streets that pretty much never have potholes, and endless cultural and culinary amenities, in a place with GDP per capita far lower than SF. And it similarly was the case…

I don't think you are reading the parent poster. Tokyo was probably rubble in 1945 then it re-invented itself into a world-class city.

Hong Kong was (probably still is for now) a world class city for the rich and the free and now is on path to become a hell-hole for both.

Cities swing through a pendulum of up and down. SF might be going to ruins but it'll be back. It might have to reach rock-bottom first before re-inventing itself though.

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