Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by michaelt on Tuesday October 13, 2020 @11:20AM
(#24766426)
I think most people who leave during the pandemic aren't leaving for equal-sized apartments in other cities.
I think they're leaving for places where lower land prices mean homes with more space - which could mean the suburbs, smaller towns, or could even mean moving back in with their parents.
I know people, in London, where three 20-something couples were renting a three-bedroom house, living 2 people to a room. They barely had room to set up comfortable desks and chairs for everyone, let alone things like exercise equipment. Some of them decided temporarily moving back in with their parents wasn't such a bad idea after all...
I think they're leaving for places where lower land prices mean homes with more space - which could mean the suburbs, smaller towns, or could even mean moving back in with their parents.
I know people, in London, where three 20-something couples were renting a three-bedroom house, living 2 people to a room. They barely had room to set up comfortable desks and chairs for everyone, let alone things like exercise equipment. Some of them decided temporarily moving back in with their parents wasn't such a bad idea after all...