Re:Marc Andreessen says he’s for new housing, but records te...
by shaburn on Friday August 05, 2022 @12:43AM
(#32351772)
This all screams building shortage to...? "Downtown Oakland’s vacancy reaches 32%"
https://therealdeal.com/sanfrancisco/2022/07/27/downtown-oak...
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Re:Marc Andreessen says he’s for new housing, but records te...
by tptacek on Friday August 05, 2022 @12:46AM
(#32351794)
That's CRE vacancy. $300k will barely get you a condo in Oakland; $200k won't, it'll only get you random patches of dirt.
CRE vacancies are unsurprising. You may not have noticed, but we just had a huge multi-year pandemic that moved huge amounts of work out of offices and into homes.