Unsurprising. I don't know why anyone would actually want to live in SFO. Most people live there because they had to for work. Now that they don't, it just makes no rational sense to stay. I'm surprised it's not more, to be honest.
San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
501–510 of 640 posts
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#502Earlier quoted context omitted.
Please report back in February after experiencing a -40 day :)
There are no -40 days in Chicago, but I'll agree the winter is unbearable. I don't mind the cold. I mind the never ending cold. December + January are fine, February is depressing, but March and April really are awful.
When the polar vortex dipped down in 2014 and 2019, wind chill did get that low in Chicago. I think it actually hit -50 F on the coldest day for one of them.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#503Earlier 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 think this is really true. Ive been getting great coffee and food in the smallest towns, tourist towns albeit, but metropolitan level fanciness on a gateway town to capital reef NP is impressive. I can get my fancy latte's in almost every nook in america, some might be closed on sundays though.
I would say the presence of anything nice at all and the number of choices has really dramatically improved across the country.
The quality is what it is, but at least someone is trying to give you something interesting to do.
Or at least that was the case in 2019. I really hope we return to valuing in-person interaction when it's safe to do so.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#504Earlier quoted context omitted.
Just today, for example: https://www.washingtonpost.com/health/2020/10/13/covid-vacci...
It's important to point out that while these trials appear promising, there has never been a vaccine developed for any coronavirus before that eradicated the illness in humans[0]. Influenza vaccines, for example, work to fortify the immune system from various strains of influenza, but they do not prevent illness. There's a lot of political and commercial pressure to make this happen, but the reality is that this is a…
Covid has already got to the point where it's more likely that you'll die in a car accident than of covid... so I think with something like the flu vaccine is probably good enough.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#505I 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…
SF wasn’t fun before the Pandemic. I’ve visited friends who work in tech 3 different times the past 5 years. The city lacks culture, the food and drinking scenes suck, and the people are all the same. (I spend most of my city time in miami, nyc, and montreal)
SF literally has an award winning food and drink scene, but you go off king. Sounds like you were spending time in the wrong places. Please enjoy Miami
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#506Earlier quoted context omitted.
Weather, food, life, people, rent price, etc. is my guess. LA is 4 million people, SF 800k people. There are very different cities.
> SF 800k people I did not know that SF was actually that tiny. I guess influence is not necessary proportional to size.
SF is more dense than LA, and the Bay Area as a whole is comparable to the LA area in terms of population. Fun fact, the most populous city in the Bay Area (and NoCal) is actually San Jose, not SF.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#507A lot of people I know have left San Francisco, many businesses have closed. I'm curious to see voter turnout this year as a further evidence marker. You can see all things being equal [1] amongst bay Area counties SF sales tax went up only 1% from April to June - implying large amounts of people have actually left the city, consistent with anecdotal evidence I see such as friends leaving and seeing many moving truck…
Lower sales tax receipts could also imply people are spending less due to lockdowns and fear of catching the virus.
except, if you read the article they are up 25% or more in every surrounding county.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#508Earlier quoted context omitted.
My guess as to what will happen, for the sake of playing along with the hypothetical simply because it’s fun. Destination cities will still be desirable, however there will be a very slow rebuilding of demand. The magnitude of that demand will never reach the same height. The entire world was forced to work from home for an extended period of time, introducing those from industries that would scoff at the idea to a d…
>> The magnitude of that demand will never reach the same height. Growth of cities and the increase of wealth of cities is 5,000 year trend, that includes in its history pandemics and plagues.
People really do need to zoom out a little bit. Yes, we may see negative or slow growth in some cities over the next couple years, but in 50 years? I would bet NYC, SF, and other big cities will be stronger than ever.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#509Earlier quoted context omitted.
I think it's worth keeping in mind that this is not a reflection of low prices in TX but of insane prices in CA. Tons of states have costs on the order of TX.
Maybe so, but they aren't TX, so you got to discount them for that. ;-)
Or give them a raise in value. TX is a double edged sword as a brand.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#510I 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…
SF wasn’t fun before the Pandemic. I’ve visited friends who work in tech 3 different times the past 5 years. The city lacks culture, the food and drinking scenes suck, and the people are all the same. (I spend most of my city time in miami, nyc, and montreal)
I think this as many other things are highly subjective.
One might say that something that could be considered a fairly good indicator of a "good" food-scene would be this: https://www.statista.com/chart/16308/michelin-restaurant-us/ Where SF is no 2 in the country for number of Michelin star restaurants. Again as the first sentence states; one might argue this is not the indicator of a "good" food-scene but I guess we'll have to take what we can in terms of objectivity to try to judge a city on different things, and for food this is at least for high earners, probably a somewhat good indicator.