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I would say downward because it's decreasing the demand to be close to these giant tech company campuses, but the bay area housing market has and always seems t

I would say downward because it's decreasing the demand to be close to these giant tech company campuses, but the bay area housing market has and always seems to defy typical economic patterns for housing. Throw in unemployment and upcoming inflation with the fed cash dump, and it's still very unpredictable.

chrisseaton 6y ago
But at the same time people will want nicer homes as they're spending more time in them... I guess people living without gardens are pretty stressed right now.
- three_seagrass 6y ago
  People are not buying nicer homes for a temporary shutdown. I have coworkers video conferencing from a desk in a closet and don't care.
  - ghaff 6y ago
    The question though is about a "new normal" where people work from home a large chunk of the time--and, yes, if your apartment isn't just a place you sleep I think that affects the decision-making of a lot of people about where they live. I don't really see coworkers videoconferencing from closets but, then, most of us aren't in unusually high CoL areas.
  - untog 6y ago
    Counterpoint: I'm a parent and I very much care. I won't be moving to the suburbs tomorrow but it has us asking questions about our ideal life: if we're not taking the subway into the office every day then maybe city life isn't quite as worth it.
    - three_seagrass 6y ago
      Counterpoint: Would you take out a new 30-yr mortgage right now to buy a home in the suburbs? Then why aren't you? That's my point.
  - chrisseaton 6y ago
    Hmm I disagree I think many people have heavily optimised for never needing to be in their home except for sleeping. They work in an office, they work out at a gym, they eat out every meal, their do their laundry at work, public parks are their green space... and this probably now looks like a very a bad idea for the long-term, even if this particular situation clears up quickly.
- devdas 6y ago
  Not really. I find apartment blocks without an enclosed garden to be annoying, but other than that, it doesn't matter too much.

chrisseaton 6y ago

But at the same time people will want nicer homes as they're spending more time in them... I guess people living without gardens are pretty stressed right now.

three_seagrass 6y ago
People are not buying nicer homes for a temporary shutdown. I have coworkers video conferencing from a desk in a closet and don't care.
- ghaff 6y ago
  The question though is about a "new normal" where people work from home a large chunk of the time--and, yes, if your apartment isn't just a place you sleep I think that affects the decision-making of a lot of people about where they live. I don't really see coworkers videoconferencing from closets but, then, most of us aren't in unusually high CoL areas.
- untog 6y ago
  Counterpoint: I'm a parent and I very much care. I won't be moving to the suburbs tomorrow but it has us asking questions about our ideal life: if we're not taking the subway into the office every day then maybe city life isn't quite as worth it.
  - three_seagrass 6y ago
    Counterpoint: Would you take out a new 30-yr mortgage right now to buy a home in the suburbs? Then why aren't you? That's my point.
- chrisseaton 6y ago
  Hmm I disagree I think many people have heavily optimised for never needing to be in their home except for sleeping. They work in an office, they work out at a gym, they eat out every meal, their do their laundry at work, public parks are their green space... and this probably now looks like a very a bad idea for the long-term, even if this particular situation clears up quickly.
devdas 6y ago
Not really. I find apartment blocks without an enclosed garden to be annoying, but other than that, it doesn't matter too much.