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On the other hand, for those of us living on bedrock, earthquakes might provide some rent relief. FWIW, I'm only being half ironic. The rent situation in the Ba
by malandrew 12y ago
On the other hand, for those of us living on bedrock, earthquakes might provide some rent relief. FWIW, I'm only being half ironic. The rent situation in the Bay Area is so out of control, that only an earthquake will really relieve some of the upward pressure on prices.
- mahyarm 12y agoNo a damaging earth quake will just make prices rise even more because of further supply reduction. Is Google going to move it's HQ because of an earthquake?
- jarek 12y agoIs Google going to keep its HQ in an area newly bereft of non-collapsed infrastructure and non-dead significant portion of employees? Are the hipsters going to be as attracted to SF when their favourite restaurants go up in gas fires and the Dolores hill slides?
- mahyarm 12y agoPeople here in the SF bay area think that cities will implode like it's the apocalypse when a major earthquake happens. But that never actually happens, and only approaches it in developing countries. Most buildings in the USA can withstand a major earthquake due to building code regulations. I bet if the SFBA had a major earthquake, not counting a tsunami, at most about 5000 non elderly adults would die, which is a miniscule number in a metro area of ~7.5 million.
- trhway 12y ago> The rent situation in the Bay Area is so out of control in 2000 during that housing squeeze we rented very small (almost studio) 1bd in Palo Alto at 1100. Currently i see large 1bd in Palo Alto going for ~2K. Given that money has cheapened at least 2 times (and salaries and prices doubled) during this period i don't think that situation has changed significantly in any direction.
- anigbrowl 12y agoSalaries and prices have not doubled since 2000.