3 ms·

> San Fran and New York are very expensive. Maybe before covid. I am not so sure anymore though. This is anecdotal, but for reference, I am going to save 1k$

by stale2002 6y ago

> San Fran and New York are very expensive. Maybe before covid. I am not so sure anymore though. This is anecdotal, but for reference, I am going to save 1k$ a month on rent for my 1 bedroom apartment, when it renews.

mlex 6y ago
As someone who still lives in SF right now, it and NYC are still expensive relative to the rest of the country, even if people are getting better deals on rent at the moment.
sushid 6y ago
Same here. My rent went down by a bit more than $1k when I renewed.
- lostlogin 6y ago
  Are tenants moving out? Where are they going? Obviously many will be finding it harder to pay, but that alone surely hasn’t caused this large of a drop? I’m very remote from this situation so please excuse my ignorance.
  - sushid 6y ago
    Yes they're moving out. I know for a fact that the complex isn't even posting all of their vacancies as my friend's now-empty unit has never been listed. I don't know how this will play out in the long term but lots of my teammates at work (3/18) have moved out of the Bay Area, at least for the short term. Many of my friends moved back to their hometown to be near their parents as well. It's much cheaper and probably a once in a lifetime chance to really interact with your parents daily after college.
DavidPeiffer 6y ago
You're saving 1k/month, but out of curiosity, what is the total rent? In 2016 I lived in adequately nice 2 bedroom, 1.5 bathroom apartment in Ames, IA (home of Iowa State University) for $820/month before splitting with my roommate. Internet, cable, and water were included. The highest end apartments I heard of in town were ~800/month per tenant in 4 bedroom swanky apartments right across the street from the university. Obviously total comp can more than offset cost of living differences, but the difference in cost continually blow my mind.

3 ms·

> San Fran and New York are very expensive. Maybe before covid. I am not so sure anymore though. This is anecdotal, but for reference, I am going to save 1k$

by stale2002 6y ago

mlex 6y ago
As someone who still lives in SF right now, it and NYC are still expensive relative to the rest of the country, even if people are getting better deals on rent at the moment.
sushid 6y ago
Same here. My rent went down by a bit more than $1k when I renewed.
- lostlogin 6y ago
  Are tenants moving out? Where are they going? Obviously many will be finding it harder to pay, but that alone surely hasn’t caused this large of a drop? I’m very remote from this situation so please excuse my ignorance.
  - sushid 6y ago
    Yes they're moving out. I know for a fact that the complex isn't even posting all of their vacancies as my friend's now-empty unit has never been listed. I don't know how this will play out in the long term but lots of my teammates at work (3/18) have moved out of the Bay Area, at least for the short term. Many of my friends moved back to their hometown to be near their parents as well. It's much cheaper and probably a once in a lifetime chance to really interact with your parents daily after college.
DavidPeiffer 6y ago
You're saving 1k/month, but out of curiosity, what is the total rent? In 2016 I lived in adequately nice 2 bedroom, 1.5 bathroom apartment in Ames, IA (home of Iowa State University) for $820/month before splitting with my roommate. Internet, cable, and water were included. The highest end apartments I heard of in town were ~800/month per tenant in 4 bedroom swanky apartments right across the street from the university. Obviously total comp can more than offset cost of living differences, but the difference in cost continually blow my mind.