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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.

#361

Earlier quoted context omitted.

As someone who grew up in SF and went to school in LA, all this talk of where it is hard to date seems silly. People always like to complain about things like that but the truth is dating can be hard for some people anywhere.

No, there are absolutely strong forces which bring different kinds of people to one city over another.

Sure, every place is different. But what is your evidence that dating is harder in one city vs another?

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

#362
post #335

Earlier quoted context omitted.

Don't forget school districting based on Game of Thrones

And if you haven't heard, all the public school names are going to be renamed, since people like Lincoln and George Washington were terrible people who shouldn't be celebrated /s [1] [1]: https://abc7news.com/renaming-sf-public-schools-school-name-...

>The names of presidents and other political and historic figures could soon be purged from SFUSD schools. This includes George Washington, Diane Feinstein, even Abraham Lincoln.

What did Diane Feinstein do? :)

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

#363

Earlier quoted context omitted.

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 :(

In what sense are we not closer to a vaccine? I’m not following vaccine development closely, but my understanding is that many candidates are progressing along nicely.

Just today, for example:

https://www.washingtonpost.com/health/2020/10/13/covid-vacci...

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

#364

I think people are asking the wrong questions. We know that people moving back in with their parents is up about 3 million due to COVID [1]. It would follow that studio apartments are the mostly likely to be rented by those same young people, thus the demand has dried up. The question we aren't asking is, what happens when the economy recovers and these people move out of their parent's homes? Will they go back to th…

Everyone is on the remote work bandwagon right now because there's no adjustment in pay at the moment. For people with little or no ties in the area, it makes sense to move back home and save on rent. As far as I know, no company, other than GitLab, has published any clear numbers on COL adjustment, I suspect many will come back once COL adjustment is known (not necessarily back to SF, but to the Bay Area).

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

#365
post #335

Earlier quoted context omitted.

Don't forget school districting based on Game of Thrones

And if you haven't heard, all the public school names are going to be renamed, since people like Lincoln and George Washington were terrible people who shouldn't be celebrated /s [1] [1]: https://abc7news.com/renaming-sf-public-schools-school-name-...

I don't know why you were downvoted. Even if someone supports renaming a school called Lincoln to something else, the ... extreme nature of such a thing is a consideration for people to consider whether or not SF is a nice place to live. Because there are people in charge making decisions like this, and people in charge wield power, and if you live in SF you'll be subservient to these leaders.

I'll add, the fact there are people who downvote information is quite possibly another strike against SF.

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

#366

Earlier quoted context omitted.

This is the mindset I really don’t understand though. Sure your company can say “we’re all remote” today, but they can just as easily say “everyone has to come back” in six months. Or “everyone doesn’t have to, but those who don’t are the first laid off next time”. I’ve been fully remote since March, so I’ve been weighing this for awhile”

Many companies have publicly stated they will allow permanent work from home [1]. Many others have said so privately to their workers. As more companies adopt this, this provides more options to those who relocate and whose employer tries to pull them back. Keep a long runway in an emergency fund, keep your professional network warm, always be ready to bounce if your employer tries to change your quality of life for…

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.

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

#367

Earlier quoted context omitted.

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…

Lots of people like to believe this but it really, really isn’t true. 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.

Yeah. The problem is that food is not something you can do remote, and so specialized chefs and specialty ingredients need clusters of people to be profitable to sell.

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

#369
post #67
post #59

Earlier quoted context omitted.

If there was no rent control, prices would drop even more. Firstly landlords are afraid to permanently lock down at a lower price, offering free months of rent instead. Secondly rent controlled tenants are afraid to lose their apartments, that are still below the market rates.

If there were no landlords prices would drop further still!

Who would do the maintenance?

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

#370
post #310

Earlier quoted context omitted.

Seattle's reckoning/correction is coming. The city is doing everything in its power to chase money away, Amazon is trying to move to Bellevue as an example. People are growing tired of the messy streets, needles are tents are spreading as the city ignores the problem. On the plus side, our landlord is doing everything in his power to keep us happy, for the first time.

> Seattle's reckoning/correction is coming. The city is doing everything in its power to chase money away And yet the skyscrapers and office buildings are still going up. The construction boom hasn't mitigated. Seattle isn't doing a good job at chasing money away. > People are growing tired of the messy streets, needles are tents are spreading as the city ignores the problem. It's just a handful of streets. It's cert…

> And yet the skyscrapers and office buildings are still going up. The construction boom hasn't mitigated. Seattle isn't doing a good job at chasing money away.

I don't have skin in the game here, but I noticed this statement, which I think isn't right. You need to consider that commercial construction, skyscrapers no less, take years. From conception to funding to planning to approvals to building, the lag is long.

So long, in fact that some have come up with the (controversial, not saying it's correct) "Skyscraper Index" which argues that historically, peak skyscraper height correlated with the worst economic dips in the economic cycles.

Latency is huge. No one thought up COVID, WFH or even CHAZ when they were standing around plastic models of plastic buildings.

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