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San Francisco is neither large enough nor representative enough to be that meaningful in a national context. SF is a small enclave of ludicrous pricing, becaus
by throwdecro 5y ago
San Francisco is neither large enough nor representative enough to be that meaningful in a national context. SF is a small enclave of ludicrous pricing, because of the huge amount of investment capital flowing into a fairly small city. It still has a lot of room to move down even if everything else is going up.
- m0llusk 5y agoThe SF Bay Area is roughly 8.5 million of the most productive participants in the US economy.
- ibn-python 5y agonot sure about most but maybe somewhere between decently and generally productive participants compared to the rest of the nation
- throwdecro 5y agoMaybe not as productive as they used to be if the rents are down. Nevertheless, 8.5 million is a small cohort relative to 300+ million, and if they're the "most productive" then they're not representative of the median-productivity experience that matters on a national scale. For what it's worth, I think this concentration of high-profit business in the Bay Area may be (finally) coming to an end with the ascendance of remote work, which may be a factor in the locally declining rents.