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Re:Rents are dropping across the US by est31 on Wednesday June 17, 2020 @04:24PM (#23556292)
> With many tech industry jobs mostly WFH until the end of the year and the future in general uncertain, a lot of people, especially those with leases coming up for renewal, are thinking this is a good time to make a move.

Once the pandemic ends and employers stop allowing WFH again, there might be a large surge in pricing as suddenly everyone wants to get back into those cities.

Re:Rents are dropping across the US by xbmcuser on Wednesday June 17, 2020 @04:41PM (#23556467)
The pandemic is here for at least 1-2 years in that time many businesses will have perfected WFH/remotely where possible. So I don't think they will go back to previous way of doing things that easily. Another thing is this pandemic also has shown the risk factor of having most of your workforce in one place/city. So even if businesses don't do wfh they would probably go for more satellite offices in smaller cities.
Re:Rents are dropping across the US by theduder99 on Wednesday June 17, 2020 @06:32PM (#23557593)
1-2 years lol
Re:Rents are dropping across the US by recursive on Wednesday June 17, 2020 @08:26PM (#23558470)
Why are you laughing? I'm crying.
Re:Rents are dropping across the US by ska on Wednesday June 17, 2020 @08:32PM (#23558524)
It's a reasonable lower bound - and they did specify "at least"
Re:Rents are dropping across the US by buboard on Wednesday June 17, 2020 @07:10PM (#23557927)
minimum
Re:Rents are dropping across the US by claudeganon on Wednesday June 17, 2020 @04:55PM (#23556628)
I’d be willing to bet this breaks down more along partisan lines.

Blue, urban centers will allow WFH for white collar employees, but big corporate places in red and purple states will force people back into the office, even if more get sick and die. This is how the reopenings are already playing out across the country.

Re:Rents are dropping across the US by thih9 on Wednesday June 17, 2020 @04:36PM (#23556425)
> 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... .

Re:Rents are dropping across the US by bsder on Wednesday June 17, 2020 @06:01PM (#23557294)
> 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.

Re:Rents are dropping across the US by blaser-waffle on Thursday June 18, 2020 @10:13AM (#23563292)
Then move. Plenty of remote IT jobs available in Mumbai. Work from home is amazing!
Re:Rents are dropping across the US by ghaff on Wednesday June 17, 2020 @04:34PM (#23556400)
Perhaps. Although the sense I get is that a lot more WFH/remote (admittedly not the same thing) is going to be the new normal at a lot of tech companies.
Re:Rents are dropping across the US by est31 on Wednesday June 17, 2020 @05:12PM (#23556822)
Many companies are announcing it but I don't see a large trend of announcements yet. There will be a growing niche, and maybe the large wave is yet to come, but for now, we haven't reached that state yet you describe.
Re:Rents are dropping across the US by ghaff on Wednesday June 17, 2020 @05:39PM (#23557085)
No. I expect it to be more organic and under the radar. Some percentage of employers and some percentage of employees at those employers. And now you come into the office and only a third of your team is in there on a given day and, at some point, you're "Hey. Is it really worth commuting in for the snacks." And maybe you decide to all come in on a given day. But a couple people move a few hours away...

My point is that norms can shift without big company announcements so long as companies don't actively prevent them.

I do think this is going to become a big deal for people as they consider current and future jobs. It's probably also going to be a big issue for onboarding junior people.

Re:Rents are dropping across the US by buboard on Wednesday June 17, 2020 @07:09PM (#23557918)
remote work has a self-reinforcing dynamic. the office is not as attractive when half the employees are not around. people get spoiled by having so much more control of their time. Plus the pandemic is dragging too long already and we are still nowhere near next winter's wave.