Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

bloomberg.com

Post reply on HN
Print view View original

471–480 of 640 posts

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

#471

Post by ikiris »

WillPostForFood wrote: post #429
01100011 wrote: post #390

Earlier quoted context omitted.

In the north central US, you have to stay indoors for a while because it's too cold. In the sunbelt, you have to stay indoors for a while because it's too hot. In CA, you have to stay indoors for a while because of the poor air quality. Take your pic. CA folks seem to think the rest of the world is an inhospitable wasteland. Sure, CA is a bit more mild, but it's not perfect.

In CA, you have to stay indoors for a while because of the poor air quality. Maybe once or twice per decade is the AQ so bad in CA you have to stay indoors. As opposed to weeks or months every winter (depending on your tolerance - I hate cold).

Sweet summer child.

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

#472

Post by Seb-C »

baby wrote: post #306
idiot900 wrote: post #181

Earlier quoted context omitted.

> I’m moving to LA in 3 weeks. Asking out of cluelessness and as a non-Californian: why is this better?

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.

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

#473

Post by staticautomatic »

baskire wrote: post #439
apeescape wrote: post #400

Earlier quoted context omitted.

Agreed, I feel like SF restaurants are relatively pricey, so in order to get the good stuff you'll have to pay a lot more than in many other places in the world.

Sf has some great hole in the wall places that aren’t too expensive. E.g. Tonga room isn’t that badly priced Dropping 50$/person on dinner & drinks in sf isn’t that much money when your rent is 50x+ that figure.

A bar inside the Fairmont hotel could hardly be described as a “hole in the wall”

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

#474

Post by runT1ME »

jzoch wrote: post #377
tarsinge wrote: post #137

Earlier 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.

As everyone else is echoing - really not true. I grew up in Orange County which, for a suburb, has really good food options. Tons and tons of restaurants and a lot of people accustomed to nice things. The difference in food options between SF (where I am now) and OC (or LA vs OC) is absolutely astounding. Its really not even close. Its gotten better but large cities are still orders of magnitude better.

I live in OC now, and have traveled quite extensively as well as spent time working in the Bay. While lacking in Michelin star restaurants (only a handful) it is otherwise phenomenal when it comes to options and quality, even compared to bit cities. Now bars/nightclubs/music venues are where it is sorely lacking.

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

#475

Post by colinmhayes »

mancerayder wrote: post #375
colinmhayes wrote: post #339

Earlier quoted context omitted.

I mean people are going to take drugs either way right? Let's not pretend rural America doesn't struggle with addiction. I guess I can see the "out of sight out of mind" that seeing the transaction occur reminds you of societies failures, but you still know it's happening.

There's collateral damage from the drug trade. I'm not arguing one way or another in terms of legality. All I can say is with absolute certainty is that the drug market has competition for clients and space, and if you look at shootings in NYC and Chicago, you'll find the majority of them gang-related. Gangs compete over territory and profit, just as you'd expect them to. These are not intersectionally-educated femin…

But seeing the transaction occur doesn't change gang violence. It will still happen if people deal from their homes or at night. And there will always be drug dealers unless there is legalization.

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

#476

Post by nsxwolf »

jcranmer wrote: post #220
bgorman wrote: post #159

Earlier quoted context omitted.

Please report back in February after experiencing a -40 day :)

Chicago doesn't get -40°. When I was in Champaign (admittedly, that's ~100mi south) for 6 years, exactly once did we have windchill reach -40°. Your typical "coldest low" in Chicago will be single-digit degrees Fahrenheit. Per Wikipedia, Chicago's record extreme low is -25°F.

It hit -23F in January 2019 and below -30F in some of the suburbs. It’s almost a meaningless distinction when it’s that cold.

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

#477

Post by ulisesrmzroche »

xvilka wrote: post #423
almost_usual wrote: post #274

Earlier quoted context omitted.

Who are you talking about? Tech workers or people who don’t work in tech? Everyone I know in the service industry left. I doubt they ever come back. COVID was the nail in the coffin for most bars, restaurants, and clubs in SF that were already struggling. The city isn’t going to be the same after this.

Even if all of them go bust this year, there will be new ones once population return and will need entertainment. The nature of entertainment might change a bit, but it will be still there.

Yeah, I’ll add that demand hasn’t gone anywhere, in fact, it’s higher than ever.

When things fully reopen there’s gonna be a sort of boom in entertainment/restaurant/travel industry

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

#478

Post by marketingPro »

awacs wrote: post #427

I'm curious what folks here feel about the serendipity factor? I've been remote for 4 years and love it (in the NY suburbs area), but there definitely isn't that "random creativity" as being in the office, as the valley has been trying desperately to analyze and recreate artificially.

Ofc you don't quite get that.

But the longer I've worked for big companies, the less I think a big company needs these.

There are departments for new ideas, they can be calculated for profitability by a different department.

An engineer has a great idea from brainstorming with coworkers, how often does that make it into production? Instead of focusing on the job, the Engineer is working on a project that never happens.

I guess that sounds pessimistic, but I've rarely seen anything come from the bottom up.

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

#479

Post by teeray »

01100011 wrote: post #390
bgorman wrote: post #159

Earlier quoted context omitted.

Please report back in February after experiencing a -40 day :)

In the north central US, you have to stay indoors for a while because it's too cold. In the sunbelt, you have to stay indoors for a while because it's too hot. In CA, you have to stay indoors for a while because of the poor air quality. Take your pic. CA folks seem to think the rest of the world is an inhospitable wasteland. Sure, CA is a bit more mild, but it's not perfect.

> you have to stay indoors for a while because it's too cold

The advantage with cold is that it’s possible to do something about it. You can always layer up and get better materials for your layers. I spend hours skiing outside at like -15F and am actually comfortable. In hot weather though, once you’re sprawled out naked on the ground, you’ve exhausted your means to get cooler without some kind of machine.

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

#480

Post by adventured »

awacs wrote: post #427

I'm curious what folks here feel about the serendipity factor? I've been remote for 4 years and love it (in the NY suburbs area), but there definitely isn't that "random creativity" as being in the office, as the valley has been trying desperately to analyze and recreate artificially.

Established companies will allow mass remoting, and new start-ups will step in to take advantage of the temporarily collapsed rents. The new companies will gain an advantage from in-person dynamics that you can't generate over Zoom, versus the companies that go heavy on remoting. Start-ups will thrive from it, then the established companies will tamp down their remoting as they see the brain drain from new companies having superior work environments and pulling talent away.

That's what the cycle will look like.

Like everything else in tech, the overzealousness about remoting is a partial fad, that will swing too far, and then you'll have to endure 487 articles on HN about how remoting was the wrong way to go ("Why remoting was the wrong choice for us" says the future Medium post) and in-person dynamics are superior in every way. Tech is nothing if not a fad chasing perma teenager constantly repeating the same mistakes over and over again.

Post reply on HN