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The-Shoveler
ParticipantSeems to be happening enough to have an effect.
San Francisco sees record-breaking drop in rent prices amid pandemic, according to Zumper data
https://abc7news.com/san-francisco-rent-median-drop-covid-19/6288920/
Probably the shift to remote working more than anything else, Our company just announced that they are permanently closing some offices and shifting to remote working for those locations (no one was laid off). Just guessing but I think we will be saving several million a year doing that.
Seems each time an office lease expires they just go remote, We will still need our facility as we have the manufacturing and lab space requirements.Even in our facility most workers are expected to remain remote until at least next January, then they will re-evaluate the situation.
ParticipantSometimes you’er in the right place at the right time.
I was at a dealer about a month ago, he said inventory is extremely low due to supply chain issues due to covid, they were jacking up prices around 10% from MSRP.
ParticipantLOL looks about right gzz except there needs to be a tow truck (named fed) pulling the bronco.
ParticipantIMO its all about the fed right now.
As long as fed keeps printing I think it will continue, Fed got two choices IMO, go until it blows up Venezuela style or stop at some point and let it crash.
Go until she blows or stop and let it crash LOL.
My guess it will be go until it blows.
It could take a while (maybe years)
ParticipantIt’s different this time.
I used to not be against fed printing but this time I think they truly are pushing the limits LOL. That may keep it going awhile until she blows.Go until she blows LOL.
Never mind that about 1 in 5 are out of work and biz BK’s at record highs.
ParticipantProbably much better investments out there.
Probably depends on the city and locations within the City as well. Large parts of SF have kind of turned into real sh#thole neighborhoods as I understand it, not sure if or when they be on the upswing again.
ParticipantIMO its a lot of factors leading to burbs IMO,
Its just time as well the average age of Millennials is about 32
time to move out of that one bedroom
ParticipantSan Francisco’s mass exodus: Twice as many homes are for sale compared to last year as people look to leave the city
https://www.yahoo.com/news/san-franciscos-mass-exodus-twice-204700238.html
Seems Burbs are back in style LOL. (never were out IMO)
ParticipantMe too,
Glad I don’t live in or really near the Major city centers, could be a wild November, I guess we will see.
ParticipantBut it still does not make me want to buy an expensive home in a recently gentrified neighborhood.
ParticipantStill does not make me want to buy an expensive home in a recently gentrified neighborhood LOL.
But to each their own.
ParticipantOK,
Just a FYI, Protesters are now demanding you give up your home in gentrified Portland.
ParticipantOK Just seems it may also be turning into a war on gentrification as well.
ParticipantMaybe Not so much a NYC thing, but in the more recently gentrified cities seem to be hot spots for the protests going on currently.
Kind of puts a dampener on housing currently in those Areas IMO.
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