5 ms·

Assuming the 1BR is 700+ sqft and the location is something like SOMA or Hayes Valley this would be a good deal. Yes SF rents are generally insane.

by verst 6y ago

baron816 6y ago
820sf and right between those two neighborhoods.
- vmception 6y ago
  And for reference, a Hayes Valley 1bd would still be right above $3k. Or right below with concessions. Luxury studios are going to $2400 already though. Expecting further drops. Yes, there are many people in Central Valley who can now afford to live out their dream of being in "the city". A change of scenery is a change of scenery. I've met suddenly unencumbered East Coasters that roadtripped across during Phase 1 Shelter in Place, and they are content with the new environment. I don't see these as demand drivers, as the replacements are not the economic powerhouses that were here: subsidized college kids and tech workers. So its nice if the city gets a diverse culture again, but in the topic of rent and housing prices, I wouldn't expect a rebound so optimistically.
  - jquery 6y ago
    Luxury studios were about that much 10 years ago. I don’t expect drops to be much further. The exodus is already decelerating according to Zestimates I’ve been following closely. I expect prices to drop further for a little bit longer then start to creep back up. Anyone who wants to live in the best weather in the continental USA should lock in their price now.
    - vmception 6y ago
      I also think $2400 is a floor here, but I also think the spread between unit types will get much closer. Instead of a 1bd being $2900, maybe it will be $2490. I've seen this curve compress in a lot of different combinations over the last 3 months. But the other factor, which I think everyone is still neglecting, is that the exodus was only voluntarily exits. Evictions and foreclosures aren't happening and there is a massive backlog when they do. So with only the current date, November - January is when the fireworks start.
    - saberience 6y ago
      Best weather in continental USA? You mean in Orange County? I lived in Irvine for 6 years and it was essentially an average of 72 all year and mostly sunny days and barely any rain at all. Versus SF which gets way more cloudy and rainy days and isn't as warm. I've left now but I miss the SoCal weather badly.
      - jquery 6y ago
        It’s subjective of course. I find Orange County far too hot for my own tastes. What is not subjective is from summer to winter, SF has the least variance in average temperature due to its unique geography.
        Dangeranger 6y ago
        So that would be, cold and foggy to cold and foggy? San Francisco weather is not usually touted as "good" by most common measures. I'll grant you that it is consistent, but most people appreciate seeing the sun now and then.
        vmception 6y ago
        the mission is not cold and foggy. took me a while (1.5 aggravating years) to figure out which microclimates were conducive to me.
- akavi 6y ago
  > right between those two neighborhoods So, in the tenderloin? Suddenly not a great deal.
  - VectorLock 6y ago
    A large luxurious modern SRO.
  - baron816 6y ago
    Not quite the Tenderloin. It’s technically Civic Center. Yes, there’s plenty of homeless around, but that’s just SF, right?
    - askafriend 6y ago
      > but that’s just SF, right? No absolutely not. It's literally only a problem in Civic Center/Downtown/SOMA. Closer to Golden Gate Park / Pac Heights is gorgeous.
      - MaxfordAndSons 6y ago
        That's not really true. I've lived in the Inner Sunset for 2 years, and I've actually noticed an increase in the local homeless population over that time. Obviously not concentrated/encamped in the way they are in the neighborhoods you mention, but still, they're much more present than in equivalent quiet residential neighborhoods I've lived in in NYC or Chicago.
        mav3rick 6y ago
        Pac Heights is still great. So are most of the areas surrounding GG.
        michaelvmata 6y ago
        It varies. There were multiple encampments in the Richmond. 24th and Anza, 20th and Geary, and 16th and Geary for example. The city cleaned them up recently and posted signs about no lodging, but they were there for months before.

Assuming the 1BR is 700+ sqft and the location is something like SOMA or Hayes Valley this would be a good deal. Yes SF rents are generally insane.

by verst 6y ago

Assuming the 1BR is 700+ sqft and the location is something like SOMA or Hayes Valley this would be a good deal. Yes SF rents are generally insane.

baron816 6y ago

820sf and right between those two neighborhoods.

vmception 6y ago
And for reference, a Hayes Valley 1bd would still be right above $3k. Or right below with concessions. Luxury studios are going to $2400 already though. Expecting further drops. Yes, there are many people in Central Valley who can now afford to live out their dream of being in "the city". A change of scenery is a change of scenery. I've met suddenly unencumbered East Coasters that roadtripped across during Phase 1 Shelter in Place, and they are content with the new environment. I don't see these as demand drivers, as the replacements are not the economic powerhouses that were here: subsidized college kids and tech workers. So its nice if the city gets a diverse culture again, but in the topic of rent and housing prices, I wouldn't expect a rebound so optimistically.
- jquery 6y ago
  Luxury studios were about that much 10 years ago. I don’t expect drops to be much further. The exodus is already decelerating according to Zestimates I’ve been following closely. I expect prices to drop further for a little bit longer then start to creep back up. Anyone who wants to live in the best weather in the continental USA should lock in their price now.
  - vmception 6y ago
    I also think $2400 is a floor here, but I also think the spread between unit types will get much closer. Instead of a 1bd being $2900, maybe it will be $2490. I've seen this curve compress in a lot of different combinations over the last 3 months. But the other factor, which I think everyone is still neglecting, is that the exodus was only voluntarily exits. Evictions and foreclosures aren't happening and there is a massive backlog when they do. So with only the current date, November - January is when the fireworks start.
  - saberience 6y ago
    Best weather in continental USA? You mean in Orange County? I lived in Irvine for 6 years and it was essentially an average of 72 all year and mostly sunny days and barely any rain at all. Versus SF which gets way more cloudy and rainy days and isn't as warm. I've left now but I miss the SoCal weather badly.
    - jquery 6y ago
      It’s subjective of course. I find Orange County far too hot for my own tastes. What is not subjective is from summer to winter, SF has the least variance in average temperature due to its unique geography.
      - Dangeranger 6y ago
        So that would be, cold and foggy to cold and foggy? San Francisco weather is not usually touted as "good" by most common measures. I'll grant you that it is consistent, but most people appreciate seeing the sun now and then.
        vmception 6y ago
        the mission is not cold and foggy. took me a while (1.5 aggravating years) to figure out which microclimates were conducive to me.
akavi 6y ago
> right between those two neighborhoods So, in the tenderloin? Suddenly not a great deal.
- VectorLock 6y ago
  A large luxurious modern SRO.
- baron816 6y ago
  Not quite the Tenderloin. It’s technically Civic Center. Yes, there’s plenty of homeless around, but that’s just SF, right?
  - askafriend 6y ago
    > but that’s just SF, right? No absolutely not. It's literally only a problem in Civic Center/Downtown/SOMA. Closer to Golden Gate Park / Pac Heights is gorgeous.
    - MaxfordAndSons 6y ago
      That's not really true. I've lived in the Inner Sunset for 2 years, and I've actually noticed an increase in the local homeless population over that time. Obviously not concentrated/encamped in the way they are in the neighborhoods you mention, but still, they're much more present than in equivalent quiet residential neighborhoods I've lived in in NYC or Chicago.
      - mav3rick 6y ago
        Pac Heights is still great. So are most of the areas surrounding GG.
        michaelvmata 6y ago
        It varies. There were multiple encampments in the Richmond. 24th and Anza, 20th and Geary, and 16th and Geary for example. The city cleaned them up recently and posted signs about no lodging, but they were there for months before.