I live in downtown SF: streets are filthy, homeless situation is worse than ever before, everything that I would want to do outside is closed, there’s no reason to live “close to work” anymore, I only go outside for groceries and laundry. I’m moving to LA in 3 weeks.
> I’m moving to LA in 3 weeks. Asking out of cluelessness and as a non-Californian: why is this better?
San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
351–360 of 640 posts
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#352Earlier quoted context omitted.
I work in oil and gas, by no means the epicenter of innovation and many of these companies are talking about a moving to a mostly remote work force to save on real estate expenses.
I don't buy the "cost savings" narrative. By a long shot, the largest expense for large companies in employee salaries - rent, by comparison, is a drop in the bucket. What follows is that companies should be most concerned about employee and team productivity rather then office expenses.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#353There is currently an article (in German) in the Frankfurter Allgemeine called "The Demise of San Francisco" [0] in which the possible reasons for this are discussed. One reason given (which I cannot verify as I don't live there) is: people are fleeing the city because it has become a terrible place to live: Quote from the article, Google translation: > Jayson Hill recently stopped by his old apartment. He didn't fee…
Do people actually care about seeing drug deals? what's the problem?
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#354Earlier quoted context omitted.
The positives have to out weight the negatives of high crime, a large homeless population, high rents, small apartments, etc. Having nice parks is not unique to SF.
no... but neither is having a problem with street addiction and mental illness. SF has it bad, no doubt, but on recent (<5 years) to Seattle, Portland, Nashville, Los Angeles, and Milwaukee, I did see the extent to which this isn't purely a SF problem. NY was actually the best of the bunch, remarkably, though last time I was there was 6 years ago, and things have deteriorated remarkably in SF even in the last 10 year…
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#355I would say the city being “closed” is the major driver. Among my group of ~40 coworkers, about 30 (including me) have left the city. As far as I know all but one were renting. Everyone who left gave the following rationale: - we can work remotely so move wherever or nomad now - SF is not very fun during the pandemic - WFH in my tiny apartment is much less enjoyable than when I was working in the office and didn’t sp…
I disagree that it's a demand problem alone. There was tons of new construction. If I wanted to, I could have moved to any neighborhood in the city on a whim... As long as I was willing to move into a brand new luxury apartment $4k studio. The demand was high for reasonably priced older units. "Just add new construction" doesn't work if all that gets built is luxury apartments.
Building more luxury apartments creates more older units.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#356I'd imagine most San Fran companies aren't going to require anywhere near the same amount of commitment to living close to the office period so you might be able to get away with living in Sacramento and driving down for one Friday a month or something.
I'm more concerned with working class people though. Anyone working a service job is sol
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#357> The figures underscore how the pandemic has roiled property markets and changed renter preferences. With companies allowing employees to work from home, people have fled cramped and costly urban areas in droves, seeking extra room in the suburbs or cheaper cities. I am skeptical. Yes a lot of Bay Area companies are allowing work from home for now, but are people really weighing that so heavily that they’re moving?…
You’d be surprised. There is a surge of demand away from metro areas eg upstate NY, Tahoe, etc. I don’t get it. The pandemic will get under control, and people will go back to offices. Will employers require 5x per week in office, or 2-3x per week, or perm WFH?
Personally I'm already out in an exurb and had given up a permanent desk. But I don't expect to ever be in a permanent office again.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#358Earlier quoted context omitted.
Please report back in February after experiencing a -40 day :)
Chicago doesn't get -40°. When I was in Champaign (admittedly, that's ~100mi south) for 6 years, exactly once did we have windchill reach -40°. Your typical "coldest low" in Chicago will be single-digit degrees Fahrenheit. Per Wikipedia, Chicago's record extreme low is -25°F.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#359I would say the city being “closed” is the major driver. Among my group of ~40 coworkers, about 30 (including me) have left the city. As far as I know all but one were renting. Everyone who left gave the following rationale: - we can work remotely so move wherever or nomad now - SF is not very fun during the pandemic - WFH in my tiny apartment is much less enjoyable than when I was working in the office and didn’t sp…
therefore I’m moving for a year or so until things fully reopen Do you see an end to this pandemic in the next year or so? A good percentage of people are still refusing to wear masks, we aren't anywhere closer to a vaccine etc. I am trying to be optimistic, but the situation isn't improving from any direction and we are already 10 months in :(
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#360Earlier quoted context omitted.
> food or retail scene In my experience this is becoming less and less true, smaller cities are really catching up, it's not 2010 anymore. My pet theory is that social networks like Instagram have done a good job spreading fashion and food experiences/expectations that were previously exclusives to big city centers.
I keep reading people make this claim. I haven't found it to be even remotely true for the food my family is inclined to eat. Every time I've gone to visit hip small college towns for the last 5 years, I've eagerly sought out the talked-about eateries, and they were all... distinctly mediocre compared to NYC or Bay Area or LA food. You still can't find anything but Americanized Asian food, even the California-cuisine…
Los Angeles and New York City have a substantially larger cultural footprint than other cities.
Even though the variety of food, music, etc. is growing quickly elsewhere, it’s really not the same.