San Francisco apartment rent prices are dropping fast

Re:San Francisco apartment rent prices are dropping fast by jedberg on Wednesday July 01, 2020 @04:48PM (#23706475)

All my evidence is anecdotal of course, but in 20+ years of working in the Bay Area, I've asked maybe 30-40 people who live in SF and commute, why the do so. Most of them were young single people (or young couples) and enjoyed the cultural aspects. They were happy to endure long commutes (often on company shuttles) just so they could enjoy those things on nights and weekends.

When I worked in SF, one left the city when they had kids, and one bought a house, but they just enjoyed urban living, being able to walk places, have lots of services nearby, etc.

A few were part of a family where their kids were born there and were in school there, or the grandparents were nearby.

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Re:San Francisco apartment rent prices are dropping fast by zaroth on Wednesday July 01, 2020 @06:40PM (#23707648)

San Francisco has the lowest percentage of kids of any major U.S. city. 13% under 18 vs 21% in NY and 23% in Chicago.

This was particularly eye opening: “For every 100 apartments in the city sold at market rates, the San Francisco school district expects to enroll only one additional student, the report said.”

https://www.nytimes.com/2017/01/21/us/san-francisco-children...

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Re:San Francisco apartment rent prices are dropping fast by DidISayTooMuch on Wednesday July 01, 2020 @07:10PM (#23707937)

I have lived here for 10+ years, rarely see kids play out. Every other city I have lived, it's common to see a bunch a kids and teenagers.

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Re:San Francisco apartment rent prices are dropping fast by mensetmanusman on Wednesday July 01, 2020 @10:04PM (#23709198)

All of these trends are temporary. Once the current residents die, either new singles move in, or maybe families if the city makes policy choices that are friendly.

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Re:San Francisco apartment rent prices are dropping fast by redis_mlc on Wednesday July 01, 2020 @10:44PM (#23709411)

The most important reason that I've heard of is that SF won't let you choose a school close to your neighborhood, so you can end up with kids in multiple schools across town, or in schools you don't like.

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Re:San Francisco apartment rent prices are dropping fast by zem on Wednesday July 01, 2020 @10:05PM (#23709202)

personally I live in SF and commute because when I'm at home I want to be able to get around on foot and transit. also I like the feeling of living in a reasonably dense area.

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