401–410 of 465 posts
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> sudden drop in rents Curious, Why aren't properly prices droping to reflect the loss in population.
It’s possible most of the 6.3% did not own property and we’re not in the market to buy property, so there was no change in that market.
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Homeowners are a reliable political cohort, they tend to organize quickly as soon as any issues are on the agenda that might affect the value of their land and they will reliably push for whatever increases land values. They show up at city hall to make sure they are at least the loudest group on the issue. Homeowners are also diligent voters. You’ll need more than 50% of people to be renters to counter this, unless…
> Homeowners are a reliable political cohort, they tend to organize quickly as soon as any issues are on the agenda that might affect the value of their land and they will reliably push for whatever increases land values. I feel like this is a myth, do you have research to back this? As a 20+ year home owner, I've never been asked to support anything to increase land/housing value (not that I'd want to, since that me…
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That's because leadership is failing. The correct response of leaders is to ignore wealthy citizens attempting to prop up their multi-million dollar 3bed4bath properties and let them know, "We're going to zone more areas for residential development, sorry. 2500 square foot homes shouldn't be $3 million in any area in America." And all these rich liberals - and they are liberals - use the same bullshit line over and o…
Are you calling me a "lying fuck" because I offered my opinion about the situation?
I don't think you're lying. But most definitely what he says about liberal democrats is true.
Attacking conservatives was just poor taste and off topic. The reaction you got was well deserved because you tried to give something neutral a political bent.
I think in the two scenarios you can focus on either the positives or the negatives. When population goes up: positive - the area is vibrant economically; negative - rent is spiraling upwards out of control When population goes down: positive - rent is finally affordable; negative - the area is falling apart existentially I think the media in general has found the negative spin sells better.
> When population goes up: positive - the area is vibrant economically; negative - rent is spiraling upwards out of control What's endlessly infuriating is population going up in a city should be an almost unmitigated positive. It's just our unwillingness to allow building new housing turning it into a zero sum game that makes it a mixed bag.
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Rents are definitely down - or at least they were 1.5 years ago when I last moved. Before the pandemic, 1 bedrooms were usually at least $3500 and often $4000+. When I looked last January, there were decent places between $2500 and $3000. I emailed some landlords saying "is there any chance you could go lower" and they offered me free rent for 1-3 months. I ended up with a pretty good deal on a large one bedroom in t…
Many buildings around us have not since raised their rents. Still bargains to be had.
In SOMA/Mission? That's genuinely somewhat affordable for tech workers.
You'd get a terrible studio in Manhattan for that, plus all sorts of fees.
San Francisco's reputation is letting itself down. The house price bubble must only be for 3BR family homes with a yard in San Jose/Palo Alto.
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Here's another more bleak option. Just like in 2008 when corporations bought up huge swaths of the housing market for cash while no one could get a loan. (which is part of the current issue with not enough homes to buy) They aren't betting the market will come roaring back, they are betting that they can corner the market and housing will be a subscription just like everything else they sell. Rent seekers aren't goin…
As usual, the “speculators” and “out of towners” and others are convenient scapegoats, lest we have to face the underlying supply and demand and barriers to development. You want to have a monopoly on housing in a major city? I’d be hard pressed to point out an industry where that would be harder . You have literally millions of competitors.
The out of towners, who are mostly Blackrock, is just a fella with a spreadsheet tracking new dwelling approvals vs demand.
All the Bay Area has to do is approve new dwellings. The issue is the politicians are landlords with investment properties.
I think remote work is often understated in reasons people move away. When you go into the office every day, it's pretty obvious that you have to live in whatever city you live in. But with remote work, the question becomes "if I don't have to live here, do I want to keep living here". For many (including myself), the answer was a definitive NO. Sure many headlines and news segments make it seem that it's the crime,…
SF is expensive and horrible. The only reason people in tech live there is because of employers in the area and it beats living elsewhere in the Bay Area which is expensive and dull. There's really no other reason people would put up with an hour (or more) commute each way every day.
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The city center can be gnarly for sure, but everywhere else is quite nice. Not sure how you could describe any neighborhood on the West side of the city as a "hellscape" for example.
I agree, the western side is hardly a hellscape. I guess don't let the tourists know! San Francisco is really 2 different cities rather than 11 counties. West side (where I live) has some minor problems but otherwise offers the best mix of culture, places to eat, parks, and transit. Downtown is rife with problems and if someday it does get cleaned up, it will wonderful since the right density and transit is there.
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Are you calling me a "lying fuck" because I offered my opinion about the situation?
No he called you a lying fuck because he thinks you're not being honest. I don't think you're lying. But most definitely what he says about liberal democrats is true. https://youtu.be/hNDgcjVGHIw Attacking conservatives was just poor taste and off topic. The reaction you got was well deserved because you tried to give something neutral a political bent.
2. Conservative pundits have made remarks implying politics/a political party are to blame. I don't think it's politically neutral and that's what I was commenting on. Examples below where the population decline is discussed.
Foxnews - segment on the crime issues and the population decline. Saying that "a rare breed, a Republican" ... "community activist is trying to save his city". Then when talking about the DA and a recall "..who is the notoriously soft on crime DA in San Francisco". [1]
Washington Times - "In recent years, more people have left California for other states than have moved there, a trend Republicans say is a result of the state’s high taxes and progressive politics" [2]
Newsmax - [Headline]"DeSantis Concerned About California Exodus; Calls San Francisco 'Dumpster Fire'"
(Desantis quote's are the main portion of the article) It's like the leftism, they will not draw the connection between their leftist ideology and the destruction that's all around them,""
[1]https://video.foxnews.com/v/6305307974112#sp=show-clips
[2]https://www.washingtontimes.com/news/2021/may/7/california-p...
[3]https://www.newsmax.com/newsfront/desantis-california-exodus...