While the article for the most part is true, it does tend to site extreme examples…
” Between 2009 and 2019, the median cost of a single-family home in the San Francisco Bay Area nearly tripled to around $1 million. Even renting a bunk bed in a room with five other people can cost over $1,300 a month.”
Son was renting a 1 BR apt in nicer part of Potrero Hill for under $2K.
“The region is expensive in other ways too. Getting a cheeseburger and fries delivered can easily cost $25. An ice cream cone can cost $7.”
Just bought my grandsons two ice cream cones at Baskin Robbins in Vista this weekend…cost me $19. Doesn’t sound like SF is more expensive than Vista!
[quote=XBoxBoy] What happens if people move out of London, NYC, San Fran, but in a year employers are done with work from home?[/quote]
I’m a little worried about that and told my son. I think the reality will be between the two extremes…some will lean towards locals and others will like the lower salary that remote employees offer them.
My son pointed out that his wife’s sister and her husband left SF two years ago for Hawaii where they still live. They both still work for silly valley tech companies – able to keep their jobs when they moved – so the trend has been around for a bit already. I couldn’t argue with that.
[quote=XBoxBoy]
What I’m wondering is if people leaving these major metropolises is driving the current hot real estate market in San Diego? [/quote]
I have a neighbor who sold their house recently in 5 hours, all cash, full asking price.
I wonder how all of this work-from-home is impacting the planned redesign of Horton Plaza into tech office space. Seems like terrible timing…HP can’t seem to catch a break.
