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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

by 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.

by jquery 6y ago

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.