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> I can't think of a community that "got better" when its best earners left. It's just such backwards thinking. Among other things, rents seem likely to go dow

> I can't think of a community that "got better" when its best earners left. It's just such backwards thinking. Among other things, rents seem likely to go down, which will make a huge difference to many people's quality of life.

jxramos 6y ago
I'm curious if rents have gone down for existing tenants or just for new leasees.
- nostrademons 6y ago
  Anecdotally (Sunnyvale) I didn't see any offers to drop our rent to match what new tenants were getting, but you can always hack that by moving. Hell, maybe a bunch of 124,131 change of addresses are people moving internally to take advantage of reduced rents. (FWIW, offering 1-2 months free rent seems to be much more popular than actually reducing rent, too.)
  - jxramos 6y ago
    for sure, I remember back in college days we'd play the pass the buck on the tv/internet account from one roommate to the next to secure the sign on deals and discounts. Makes sense.
  - dbt00 6y ago
    I'm in the south bay too and I haven't seen as much as a dropoff as SF. I'm definitely anchored here with schools etc for a few more years and most of my neighbors are too. The folks I know who have been out of the area are mostly going to second houses in the Tahoe area, not moving permanently.
    - panopticon 6y ago
      Yeah, housing prices in the south bay have been solid/trending upward throughout all of this. Lots of good deals on apartments though.
- kelnos 6y ago
  It's been mixed. One of my friends had a landlord that wouldn't budge, so he and his wife moved to a new place (larger but with the same monthly rent, and with the first few months free). But I've heard from a couple others who asked for and got rent decreases. Unclear if their landlords were thinking about that more as a COVID hardship decrease, or a decrease reflecting the new, lower market rates.
- iancmceachern 6y ago
  Our building just handed out rent decreases, unsolicited. I've heard similar from others. Ours was a 10% discount, ive heard of up to 30%.
GoodJokes 6y ago
“It’s best earners” Best is doing a lot of work here

jxramos 6y ago

I'm curious if rents have gone down for existing tenants or just for new leasees.

nostrademons 6y ago
Anecdotally (Sunnyvale) I didn't see any offers to drop our rent to match what new tenants were getting, but you can always hack that by moving. Hell, maybe a bunch of 124,131 change of addresses are people moving internally to take advantage of reduced rents. (FWIW, offering 1-2 months free rent seems to be much more popular than actually reducing rent, too.)
- jxramos 6y ago
  for sure, I remember back in college days we'd play the pass the buck on the tv/internet account from one roommate to the next to secure the sign on deals and discounts. Makes sense.
- dbt00 6y ago
  I'm in the south bay too and I haven't seen as much as a dropoff as SF. I'm definitely anchored here with schools etc for a few more years and most of my neighbors are too. The folks I know who have been out of the area are mostly going to second houses in the Tahoe area, not moving permanently.
  - panopticon 6y ago
    Yeah, housing prices in the south bay have been solid/trending upward throughout all of this. Lots of good deals on apartments though.
kelnos 6y ago
It's been mixed. One of my friends had a landlord that wouldn't budge, so he and his wife moved to a new place (larger but with the same monthly rent, and with the first few months free). But I've heard from a couple others who asked for and got rent decreases. Unclear if their landlords were thinking about that more as a COVID hardship decrease, or a decrease reflecting the new, lower market rates.
iancmceachern 6y ago
Our building just handed out rent decreases, unsolicited. I've heard similar from others. Ours was a 10% discount, ive heard of up to 30%.

GoodJokes 6y ago

“It’s best earners” Best is doing a lot of work here