7 ms·
Apartments are getting cheaper. I’m not seeing houses getting cheaper in the rest of the bay. Renting a house where I live in the peninsula is about the same co
by bradlys 6y ago
Apartments are getting cheaper. I’m not seeing houses getting cheaper in the rest of the bay. Renting a house where I live in the peninsula is about the same cost as it was a year ago. Maybe 10% less.
Basically, anything sharing walls or space is going down but not the other stuff...
- kccqzy 6y agoThis is also what a realtor told me. People working from home means they need bigger spaces, and COVID means they need these spaces by themselves, not shared with other people. IIRC condos haven't been selling well but houses certainly are.
- wallacoloo 6y ago> COVID means they need these spaces by themselves, not shared with other people. Definitely curious to see data to back that up. I’ve seen a couple friends who used to live alone move into shared housing during the pandemic because they craved more social contact than they could get living alone. I don’t know anyone who’s moved from shared housing to solo housing in this time. Movement away from single-person housing lines up with the price pressure you’re seeing, too: small apartments losing value; houses not losing as much.