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San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

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Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#441

Post by jupp0r »

Daishiman wrote: post #422
porknubbins wrote: post #418

Earlier quoted context omitted.

By this metric food scenes can only exist in 2-3 cities in the US (or world for that matter). I think food scenes that do one or two things well are totally worthwhile and a huge improvement over bland suburban chains.

Effectively, there's never more than a dozen cities, tops, in any country in the world where you can get close to top-level food quality, and even so that applies only for a few genres of food.

France begs to differ. You have spectacularly good restaurants in rural areas all over the county (Michelin star good).

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#442

Post by enumjorge »

outside1234 wrote: post #393
burlesona wrote: post #51

I 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 don't know - Microsoft is moving to essentially the Github model of letting people live where they want. This is a fundamental shift and broadening and many people lived in the city for access to jobs that now they can live elsewhere for.

> Microsoft is moving to essentially the Github model of letting people live where they want

My understanding is that at Github working remotely is the norm, while I believe the changes Microsoft announced require manager approval if you want to work remote > 50% of the time.

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#443

Post by baskire »

toomuchtodo wrote: post #436
8ytecoder wrote: post #366

Earlier quoted context omitted.

I spoke to a recruiter at a company that publicly said they'll allow permanent WFH. He said it's on a case by case basis and you still need manager approval. It's guaranteed only till next Summer. Companies can something public with if and buts and caveats added internally.

There are always outliers. Importantly, the trend is clear.

Is it? the trend I’ve seen is wfh not work remote. Wfh still means going to the office 1-2 days a week.

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#444

Post by baskire »

dan_quixote wrote: post #382
dudul wrote: post #376

Earlier quoted context omitted.

I think this ship has sailed. When even FAANGs start doing full time remote who would be crazy enough to go back to on-site only?

Unless upper management goes full-time remote, then power (and ambitious employees) will always consolidate.

^ ever work with someone in a remote office. I’ve always seen their careers take a hit. Same for remote employees.

It’s great when you have a family with kids and you’re less career focused. But I noticed my comp increased almost 2x their’s over the same timeframe.

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#445

Post by dylz »

sidlls wrote: post #433
ryan_lane wrote: post #391

Earlier quoted context omitted.

You can't serve something like that at a restaurant and make it in a plain way, because it's something that basically everyone can make at home for really cheap. People are looking for an interesting take on something like that in a restaurant, which isn't going to fit what you want. That's a poor choice to judge a restaurant on. You need to base your judgement on things you can't or won't cook at home because it tak…

Sometimes people just want to go have a get-together including well-trod "comfort food" style means, but with someone else (the restaurant) doing the cooking and cleanup. I don't go to restaurants to be entertained by the food or "impressed" by the "creativity" of the chef, and I'd wager neither do most people.

Then you're looking for the equivalent of a solid takeaway place, not somewhere where you go for the "experience" and "gastronomy"

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#446

Post by adjkant »

burlesona wrote: post #51

I 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…

What is curious to me is that NYC rents haven't seen the same crater at all (link says 15% but anecdotally most of the desirable top of market neighborhoods aren't budging). I don't buy the "SF is not very fun during the pandemic" rationale as more special than any other notable city, and NYC tends to have less space than SF. To me, that says the SF case has more complexity. IMO, the key factor here is that there appears to be a much higher ratio of people that were primarily there because work was best there, where many other cities have populations that tend to choose the city in question specifically more than happen upon it.

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#447

Post by throwduh12 »

mxcrossb wrote: post #26

> 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?…

I know this is an unpopular opinion, but SF is like an open air homeless shelter and getting worse. Crime is also getting worse. People put too much focus on cost of living. Many people have plenty of money to afford to live there, but it's increasingly difficult to justify that cost compared to the quality of life.

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#448

Post by [deleted] »

gmadsen wrote: post #417
rcpt wrote: post #334

Earlier quoted context omitted.

It's true that you can't buy a whole jackfruit at the grocery store in most of the US but I've always been able to find good restaurants of some variety with minimal effort. It's real hard to justify SF prices based on food options.

depends on your priorities. I would rather have nice restaurants than a nice apartment or house. I've lived in a culturally devoid suburb, where the options are fast food, or chain restaurants, and it affected my quality of life substantially.

[deleted]

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#449

Post by throwduh12 »

baby wrote: post #303
lqet wrote: post #185

There 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…

Anecdotic, but this is the main reason why I left SF last month.

+1

Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.

#450

Post by JumpCrisscross »

The confluence of Covid and conflagration is a dealbreaker for many. The former, alone, could have been balanced with outdoor dining. The latter, alone, would be softened by company. The two, together, make the state’s tax policy and city’s take on crime a cruel joke.

Contrast that with New York. It has—in my opinion—become a finer city since the pandemic for those with the fortune of continued employment.

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