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an.
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June 24, 2020 at 9:34 PM #818481June 24, 2020 at 10:01 PM #818483
sdrealtor
ParticipantEven if it’s an isolated niche it’s a stunning figure.
June 24, 2020 at 10:02 PM #818484spdrun
ParticipantNYC seems to be slowly returning to normal levels of traffic and business, at least in neighborhoods where locals live and work. And that’s without tourism draws like museums etc and so forth, which won’t start coming back for another 3-6 weeks.
July 9, 2020 at 8:49 AM #818701
CoronitaParticipantLooks like as suspected rents in cities continue to slide:
rent prices slid 6.6%
July 9, 2020 at 9:41 AM #818703Participant[quote=Coronita]Looks like as suspected rents in cities continue to slide:
rent prices slid 6.6%[/quote]
One of my oldest friends lives at the NW corner of Central Park by Columbia. He’s been in his place for over a decade. Im gonna suggest he look into upgrading his living situation in the next year. It seems like there should be opportunities for cheaper better
July 10, 2020 at 9:03 AM #818726CoronitaParticipantREDFIN SEES BIG CITIES SUFFERING AS REMOTE WORK DRIVES MIGRATION ELSEWHERE
“The whole narrative of the past 200 years, of the young person moving to the big city, may turn a little upside down in the years ahead.”Here’s the original Redfin article.
https://www.redfin.com/blog/wfh-leaving-new-york-san-francisco/
The sudden shift to remote work, brought on by the coronavirus shutdowns will accelerate a major migration away from expensive coastal cities. According to a new survey of homebuyers and sellers from Redfin, 1 in 4 newly-remote workers expect to continue to work remotely once shutdowns end, and over half of respondents would move if they never had to go into an office.
“Redfin is preparing for a seismic demographic shift toward smaller cities,” said Redfin CEO Glenn Kelman. “Prior to this pandemic, the housing affordability crisis was already driving people from large cities to small. Now, more permissive policies around remote work, and a rising wariness about close quarters, will likely accelerate that trend. We expect to see more people commuting once a week from Sacramento to San Francisco, from Tacoma to Seattle, from New Hampshire to Boston. Some won’t commute at all, choosing instead to work completely virtually from a small town, perhaps where their parents still live. The whole narrative of the past 200 years, of the young person moving to the big city, may turn a little upside down in the years ahead.”
About 4 in 10 survey respondents were not working remotely before the shutdowns but were able to during the shutdowns, and more than 28% of them said that they expect to continue to work remotely or have the option to work from home after the shutdown ends. In Seattle, 44% expect to work remotely indefinitely—by far the highest of any of the high-cost cities surveyed.
July 14, 2020 at 7:59 AM #818774CoronitaParticipantJuly 14, 2020 at 9:36 AM #818776ParticipantShiller = Real Life Prfoessor Pigginton
July 14, 2020 at 11:38 AM #818779The-Shoveler
Participant[quote=Coronita]Robert Shiller now also says so..
This was a trend that stated a few years ago, I think it just shows only a few really ever wanted to live in the big city areas, they were just kind of forced into it so they could find work.
July 14, 2020 at 12:20 PM #818782ParticipantI disagree … look how many people lived in San Francisco proper and commuted to tech jobs in the suburbs south of the city. Remember the furor over tech buses? People who live in cities, want to live in cities for the most part.
July 14, 2020 at 12:35 PM #818783
svelteParticipant[quote=spdrun]I disagree … look how many people lived in San Francisco proper and commuted to tech jobs in the suburbs south of the city. Remember the furor over tech buses? People who live in cities, want to live in cities for the most part.[/quote]
My son lives in SF and just quit his job to move his family out of the bay area. !!!
He is braver than I.
I think a major contributor to this new direction in his life – and I suspect in many 20- and 30-somethings – is the desire to start a family, have a private back yard no shared walls. He used to dismiss those things when I mentioned them to him before, but now he salivates when he talks about friends who have them.
He’s also shopping for a minivan. Minivan! Never even been on his radar before.
Time they are a’changin my friend.
Cities aren’t going to die – they’ll just thin out a bit. With or without COVID.
July 14, 2020 at 12:48 PM #818786ParticipantI have retired clients living in downtown Portland that were always city people. They would have stayed there forever. With everything going on they cant get out fast enough. Looking for to a nice calm life in Encinitas or Carlsbad
July 14, 2020 at 1:24 PM #818787ParticipantWhat, are they afraid that the demonstrators might break out a guillotine?
July 14, 2020 at 1:58 PM #818789ParticipantAt 70 and an ex-Marine who is a lifelong competitive marathon runner Im confident he could wrap you around a lampost without breaking a sweat. He’s lived in urban areas most of his life and ran a governmental agency for decades that was far more diverse then the lily white suburb you grew up in. Very socially liberal and street smart guy. Life in and around an autonomous zone is a different matter.
July 14, 2020 at 2:09 PM #818790ParticipantI thought the autonomous zone was disbanded by Portland cops before it even got started. Portland =/= Seattle.
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