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SF prices dropping back to 2019 doesn't mean much of anything given how high those prices were back then. SF throughout much of our history hasn't been the plac
by seanmcdirmid 2y ago
SF prices dropping back to 2019 doesn't mean much of anything given how high those prices were back then. SF throughout much of our history hasn't been the place for tech jobs, that happened sometime in the mid 2000s but wasn't true before then (Silicon Valley/San Jose were the places for tech). I expect that we won't see many big tech offices opening in SF anymore because they simply have a lot more better/affordable options to choose from.
- jhbadger 2y agoBut before the current tech boom in the mid 2000s, there was the "dot-com" boom in the 1990s and many early Web companies were in SF in the 1990s. And in the 1980s there was the financial sector boom as SF was the west-coast financial hub. You pretty much have to go back to the hippie era in the late 1960s/early 1970s to find a time when it was a cheap place to live.
- seanmcdirmid 2y agoSF will never be a cheap place to live like Honolulu will never be a cheap place to live. It is just such a nice city (even with the unhoused problem) that rich people without jobs will always bid up property prices, and young people will settle for various careers and substandard living situations.