23 ms·

I moved to SF in 2009 and there were very few tech companies in town and it was in the middle of recession. Even then good places had a bidding war. If you read

by dmode 6y ago

I moved to SF in 2009 and there were very few tech companies in town and it was in the middle of recession. Even then good places had a bidding war. If you read this Bay Area housing market report[1], you will see that it still showing strength in SFH market. My guess is SF will continue to do fine [1] https://www.bayareamarketreports.com/trend/san-francisco-home-prices-market-trends-news https://www.bayareamarketreports.com/trend/san-francisco-hom...

vmception 6y ago
I can't believe you are still trusting real estate agents and mortgage underwriters when half of the market signals are completely missing..... yes, to them it seems like a lot of business evictions and foreclosures have barely started in San Francisco and will be completely backlogged nationwide: a few hundred thousand people playing around with low interests rates, millions of people pending default like I said, scarcity and views will continue to help San Francisco prices as it has for the last 170 years, but it can also become like those midatlantic satires of civilization.
- dmode 6y ago
  I don't know what are data sources to look for real estate demand other than real estate transactions. Anyways, that's not the broader point I am making. The broader point I am making is that it was a thriving City with or without tech and continue to be one. The Golden Gate bridge, GG park, the ocean, the bay, the museums, the charming hills, and train cars is not going to vanish when all tech workers leave. I fell in love with SF even before I started working in SF.
  - baskire 6y ago
    I actually think rent going down in sf will open up a lot of opportunities that wasn’t possible due to cost. So much culture left sf to Oakland due to cost. As SF rent gets cheaper, I suspect we’ll see art, food, and activism jobs come back.

23 ms·

I moved to SF in 2009 and there were very few tech companies in town and it was in the middle of recession. Even then good places had a bidding war. If you read

by dmode 6y ago

vmception 6y ago
I can't believe you are still trusting real estate agents and mortgage underwriters when half of the market signals are completely missing..... yes, to them it seems like a lot of business evictions and foreclosures have barely started in San Francisco and will be completely backlogged nationwide: a few hundred thousand people playing around with low interests rates, millions of people pending default like I said, scarcity and views will continue to help San Francisco prices as it has for the last 170 years, but it can also become like those midatlantic satires of civilization.
- dmode 6y ago
  I don't know what are data sources to look for real estate demand other than real estate transactions. Anyways, that's not the broader point I am making. The broader point I am making is that it was a thriving City with or without tech and continue to be one. The Golden Gate bridge, GG park, the ocean, the bay, the museums, the charming hills, and train cars is not going to vanish when all tech workers leave. I fell in love with SF even before I started working in SF.
  - baskire 6y ago
    I actually think rent going down in sf will open up a lot of opportunities that wasn’t possible due to cost. So much culture left sf to Oakland due to cost. As SF rent gets cheaper, I suspect we’ll see art, food, and activism jobs come back.