3 ms·

I manage a team of 10 people in San Francisco and confirm a similar pattern. 8 of them have moved out of their SF apartments either to move somewhere else more

I manage a team of 10 people in San Francisco and confirm a similar pattern. 8 of them have moved out of their SF apartments either to move somewhere else more spacious or in with their parents outside of the Bay Area. Other people I know at my company have renegotiated rents. Most but not all are open to the idea of moving back depending on how things play out over the next 6-12 months. I think their is still a big career advantage to being in the Bay Area due to the big tech companies having offices here and face time being important for career advancement. I would expect somewhat of a swing back away from remote work when we get a vaccine. That being said, I think the wild card is city/state taxes in the aftermath of all this.

eastbayjake 6y ago
> I would expect somewhat of a swing back away from remote work when we get a vaccine. I think a lot of people will move back to where offices are located, but I'm wondering if we'll see an increase in people who fly in for a few days every few weeks for meetings then jet back home to a cheaper part of the country. Relationships are hugely important -- and deep relationships are almost always only built in-person -- but we're overselling how much facetime you get in a full week vs. a very impactful 2-3 day trip with time for lunch/drinks etc.
- htormey 6y ago
  Yeah I could totally see that. It’s a conversation me and my wife have been having a lot lately. I’m thinking about moving out of SF myself. Probably Oregon or Washington but we haven’t made any decisions yet. We want to see how the world looks after the elections in November.
- ghaff 6y ago
  I'm not sure why you're getting downvotes. That's basically what I do during normal times. I actually live near a big office but I mostly meet with people elsewhere.
- qudat 6y ago
  These newly remote companies have no idea how difficult it is to be fully distributed. The company I work for have been doing it for years and we’re still dealing with growing pains. You lose a lot when all you do is Zoom with coworkers.
an_opabinia 6y ago
> the wild card is city/state taxes in the aftermath of all this. The city already wildly undertaxes due to Prop 13. So the effect is minimal.
- nsnick 6y ago
  The effect of taxes on people who don’t own houses is not minimal.

eastbayjake 6y ago

> I would expect somewhat of a swing back away from remote work when we get a vaccine. I think a lot of people will move back to where offices are located, but I'm wondering if we'll see an increase in people who fly in for a few days every few weeks for meetings then jet back home to a cheaper part of the country. Relationships are hugely important -- and deep relationships are almost always only built in-person -- but we're overselling how much facetime you get in a full week vs. a very impactful 2-3 day trip with time for lunch/drinks etc.

htormey 6y ago
Yeah I could totally see that. It’s a conversation me and my wife have been having a lot lately. I’m thinking about moving out of SF myself. Probably Oregon or Washington but we haven’t made any decisions yet. We want to see how the world looks after the elections in November.
ghaff 6y ago
I'm not sure why you're getting downvotes. That's basically what I do during normal times. I actually live near a big office but I mostly meet with people elsewhere.
qudat 6y ago
These newly remote companies have no idea how difficult it is to be fully distributed. The company I work for have been doing it for years and we’re still dealing with growing pains. You lose a lot when all you do is Zoom with coworkers.

an_opabinia 6y ago

> the wild card is city/state taxes in the aftermath of all this. The city already wildly undertaxes due to Prop 13. So the effect is minimal.

nsnick 6y ago
The effect of taxes on people who don’t own houses is not minimal.