One thing that doesn’t make sense — pre-pandemic, people were living in SF by choice and often reverse commuting 2 hr to the South Bay. They were in SF because they wanted to be in SF, even though they could have found more space/cheaper housing closer to work. Once most of SF is reopened, won’t people still be attracted to the same things that made them want to live in SF, whether they WFH full-time or go to the office a few days per week?