Re:Remote work is reshaping San Francisco, as tech workers f...
by jquery on Sunday August 16, 2020 @07:57PM
(#24182436)
Luxury studios were about that much 10 years ago. I don’t expect drops to be much further. The exodus is already decelerating according to Zestimates I’ve been following closely. I expect prices to drop further for a little bit longer then start to creep back up. Anyone who wants to live in the best weather in the continental USA should lock in their price now.
Re:Remote work is reshaping San Francisco, as tech workers f...
by vmception on Sunday August 16, 2020 @08:15PM
(#24182528)
I also think $2400 is a floor here, but I also think the spread between unit types will get much closer. Instead of a 1bd being $2900, maybe it will be $2490. I've seen this curve compress in a lot of different combinations over the last 3 months.
But the other factor, which I think everyone is still neglecting, is that the exodus was only voluntarily exits. Evictions and foreclosures aren't happening and there is a massive backlog when they do. So with only the current date, November - January is when the fireworks start.
Re:Remote work is reshaping San Francisco, as tech workers f...
by saberience on Monday August 17, 2020 @07:47AM
(#24186290)
Best weather in continental USA? You mean in Orange County? I lived in Irvine for 6 years and it was essentially an average of 72 all year and mostly sunny days and barely any rain at all. Versus SF which gets way more cloudy and rainy days and isn't as warm.
I've left now but I miss the SoCal weather badly.
Re:Remote work is reshaping San Francisco, as tech workers f...
by jquery on Monday August 17, 2020 @08:39AM
(#24186637)
It’s subjective of course. I find Orange County far too hot for my own tastes.
What is not subjective is from summer to winter, SF has the least variance in average temperature due to its unique geography.
Re:Remote work is reshaping San Francisco, as tech workers f...
by Dangeranger on Monday August 17, 2020 @10:44AM
(#24187778)
So that would be, cold and foggy to cold and foggy? San Francisco weather is not usually touted as "good" by most common measures. I'll grant you that it is consistent, but most people appreciate seeing the sun now and then.
Luxury studios are going to $2400 already though.
Expecting further drops.
Yes, there are many people in Central Valley who can now afford to live out their dream of being in "the city".
A change of scenery is a change of scenery. I've met suddenly unencumbered East Coasters that roadtripped across during Phase 1 Shelter in Place, and they are content with the new environment.
I don't see these as demand drivers, as the replacements are not the economic powerhouses that were here: subsidized college kids and tech workers. So its nice if the city gets a diverse culture again, but in the topic of rent and housing prices, I wouldn't expect a rebound so optimistically.