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Rents are dropping across the US

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Re: Rents are dropping across the US

#351

Post by blaser-waffle »

fludlight wrote: post #35
spamizbad wrote: post #27

Earlier quoted context omitted.

> Maybe not so good for those who were especially attached to either the vibrant city life or busy office life. I don't understand this reasoning. Was city life not vibrant when rents were 1/3rd the price? If anything, "hypergentrification" tends to have a sterilizing effect on city life. To be honest I'm kinda looking forward to it. Nothing against HENRYs (High earners, not rich yet)... but their "cultural tastes" a…

What’s a HENRY?

High Earners, Not Rich Yet

decent salaries but not a lot of accumulated wealth, e.g. stocks, real estate, etc.

Re: Rents are dropping across the US

#352

Post by blaser-waffle »

novok wrote: post #273
cgriswald wrote: post #108

Earlier quoted context omitted.

Well, no one would actually lead with that, but I've met people in the Bay that have lead with "What are your pronouns?" and "How do you identify?", either of which may make for an awkward (or worse) first impression in a lot of other places.

For people who don't live or haven't been to the bay area recently: Nobody does the 'what are you pronouns?' as a party icebreaker in the average bay area population. The people who do travel in very, very specific social circles.

Agreed. I've seen this in the US and Canada, but in places that were 1) very bourgeoisie, very white, and pseudo-leftist, and 2) near a university of some sort.

Not a thing in the rest of the country, or even in very leftest areas.

Re: Rents are dropping across the US

#353

Post by blaser-waffle »

odshoifsdhfs wrote: post #223
cgriswald wrote: post #108

Earlier quoted context omitted.

Well, no one would actually lead with that, but I've met people in the Bay that have lead with "What are your pronouns?" and "How do you identify?", either of which may make for an awkward (or worse) first impression in a lot of other places.

I have been to the Bay Area (10 years ago) and didn't have this problem, but going there soon, can I just say 'A copper pipe' or whatnot or that will hurt their sensitive souls? FFS, just ask who they are, what they like to do and see if there is something in common. This politica bullshit really need to end (it is ok for more close relationships, but if the first question I get is if I am Right or Left, I will just…

> can I just say 'A copper pipe' or whatnot or that will hurt their sensitive souls?

I believe the common trolling method is to identify as an "apache attach helicopter", pronouns vrrrrr/bang

Re: Rents are dropping across the US

#354

Post by blaser-waffle »

mortenjorck wrote: post #115
ghaff wrote: post #3

"across the US" as in "in expensive coastal cities." I don't know the broader trend but, anecdotally, I know people who have/are in the process of moving out of cities for more rural locations. One couple I know just moved out of a major Northeast city to the coast of Maine. Others are seriously considering vacating NYC etc. With many tech industry jobs mostly WFH until the end of the year and the future in general u…

"Expensive" and "coastal" are critical caveats. Looking at the full Zumper report ( https://www.zumper.com/blog/rental-price-data/ ), there are surprisingly high year-over-year increases in a lot of other metro areas: Arizona sees nearly 8% increases in both Scottsdale and Tucson; Austin, TX is up almost 7% while even California has seen sizable increases in its second-tier cities like Sacramento (7%) and Bakersfield…

> The CNN story gives the impression that this is a nationwide trend, but it's really isolated to the housing markets that have been the most unaffordable in recent years.

No surprise. Not all places are equally worth living in. As an American living in Canada I think a 2nd tier California city wouldn't be bad. Maybe not Bakersfield, but Sacramento? Sure.

Re: Rents are dropping across the US

#355

Post by blaser-waffle »

francisofascii wrote: post #107
johnbellone wrote: post #7

Earlier quoted context omitted.

This is very real; anecdotally, I am considering vacating the Washington D.C. metro area for this exact reason. The biggest difficulty is uncertainty of government roles, e.g. back to work/office, in the future depending on the posture of the administration. The market is booming here and there aren't any slumps in pricing or inventory.

During the housing crisis the exurbs suffered price slumps, but core housing did not. This time the opposite might happen exacerbating DC sprawl. People will work more days remote and housing in Leesburg/Frederick will become more doable/attractive.

Shoot, Stafford and Prince William Counties became same of the wealthiest counties in the US years ago -- top 20 in the whole USA.

Source: https://en.wikipedia.org/wiki/List_of_highest-income_countie...

Re: Rents are dropping across the US

#356

Post by colinmhayes »

andykx wrote: post #324
colinmhayes wrote: post #292

Earlier quoted context omitted.

I loved living in the city as a kid. Going to the suburbs to see my grandparents always showed me how miserable it was out there. The parks in the city are better, the food and culture is incomparable, and the diversity was incredibly important to who I am today.

You’re spot on about the diversity. I did not grow up in a very diverse place and it’s one thing I feel that I really missed out on. But parks? In the NYC suburbs (maybe exurbs is more accurate) where I grew up, I had like 5 beautiful state parks within walking distance from my house. I could walk through my friend’s backyard to a pair of beautiful lakes where we could swim, fish, kayak, whatever. It’s interesting. I…

I live in Chicago which has the entire lakefront as park space and is filled with tons of other parks too. The suburbs are all off the lake so they don't have any beaches. Unfortunately there aren't any national parks or mountains in the midwest so the suburbs don't really have anything that the city doesn't other than some more empty space I guess.

Re: Rents are dropping across the US

#357

Post by alharith »

9nGQluzmnq3M wrote: post #195
cgriswald wrote: post #108

Earlier quoted context omitted.

Well, no one would actually lead with that, but I've met people in the Bay that have lead with "What are your pronouns?" and "How do you identify?", either of which may make for an awkward (or worse) first impression in a lot of other places.

In much of the country, the first question you are asked is "What church do you go to?", and responding "I don't" is going to make you a pariah.

Are you sure you have lived in the country? It doesn't make you a pariah, it makes you the target of lots of pamphlets to come to their Church. There are plenty of people who don't go to Church in the country.

And get this, there's bars too!!! With real alcohol!

Re: Rents are dropping across the US

#358

Post by blaser-waffle »

bsder wrote: post #174
thih9 wrote: post #59

Earlier quoted context omitted.

> Once the pandemic ends and employers stop allowing WFH again We don't know how many companies will require on-site presence. Some might just allow WFH permanently. E.g. Twitter already announced that, see: https://www.theguardian.com/technology/2020/may/12/twitter-c... .

> Some might just allow WFH permanently. We've seen this before with companies that created satellite campuses to take advantage of cheaper labor due to cost of living differences. When problems arise, only those local to the headquarters survive the layoffs.

Then move. Plenty of remote IT jobs available in Mumbai. Work from home is amazing!

Re: Rents are dropping across the US

#359

Post by rustybelt »

RHSeeger wrote: post #178
Androider wrote: post #158

Earlier quoted context omitted.

I bought into this mindset, and regret it. That's what you do when you have kids, move to the 'burbs, right? We moved from a big city to suburban hell a few years after having a kid. In those first years, we took our kid to museums, parks, playgrounds, etc. all over the city. Now there is jack shit to do in the suburb we're in except going to the mall, cannot walk anywhere, have to use the car 100% of the time to eve…

Riding a bike/scooter in the cul de sac, playing in the woods, driving over to the town square and wandering around for a while. There's tons of things to do in the suburbs. There's tons of things to do in the city. Really, it depends what you like. Personally, I prefer to take my car to the shop because I don't want to carry a car load of stuff home. And Central Park is something I like to visit, but I wouldn't send…

"The suburbs" is such a broad category that it's practically useless. Houston suburbs, for instance, are vastly different than Chicago suburbs in terms of walkability, character, and access to nature. Even suburbs in the same metro are vastly different in experience.

Re: Rents are dropping across the US

#360

Post by kerkeslager »

hcknwscommenter wrote: post #159
kerkeslager wrote: post #53

Earlier quoted context omitted.

Exactly. If you're making enough to pay for a $5000/month apartment, you're renting by choice, and I don't care if your rent dropped. Get back to me when people who pay rent because they don't have the option of buying get some benefit, and I'll care.

"If you're making enough to pay for a $5000/month apartment, you're renting by choice" I don't think that's right. E.g., SF house and rent prices, assuming non-WFH policies require paying 5000/mo if your household is larger than 2 people. It's not a choice unless you happen to be blessed by rent control or rich enough to afford the 400K in cash for the down payment.

People who have enough money to pay $5000/mo in rent have options for other places to live. I have significantly less income, and I have options of places to live.
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