3 ms·
Before covid rents in SF were among the highest in the world, which implies very high demand. I’m confident that many people still want to live in SF, e.g. sing
by idoh 6y ago
Before covid rents in SF were among the highest in the world, which implies very high demand. I’m confident that many people still want to live in SF, e.g. single people like to cluster next to other single people. In other words working in tech is a draw but not the only draw for living in SF or any other urban area.
- tlear 6y agoMoney a lot of money,networking opportunities etc was THE draw. There are dozens of cities that have everything else that SF has. If $$ goes away it will crash so hard it will make Detroit look like a model city. My hope that after election hysteria is over and Vaccines get approved we will be back to something resembling normal by next summer. SF has a huge value as a place for tech with all its other faults it would suck to loose it
- SpicyLemonZest 6y agoSan Francisco was a popular city before the tech boom, and remains popular for much more than just software engineer networking. That doesn't mean losing the tech industry can't cause problems, of course, but saying that software is the only thing special about SF is like saying banking is the only thing special about Manhattan.
- stjohnswarts 6y agoAll the data I've read says they still are and landlords are still holding out for a covid fix (via vaccines I get) and overall rent has only fallen 5 or 6 %