[HN Gopher] S.F. population fell 6.3%, most in nation, to lowest...
       ___________________________________________________________________
        
       S.F. population fell 6.3%, most in nation, to lowest level since
       2010
        
       Author : memish
       Score  : 219 points
       Date   : 2022-05-27 17:07 UTC (5 hours ago)
        
 (HTM) web link (www.sfchronicle.com)
 (TXT) w3m dump (www.sfchronicle.com)
        
       | RosanaAnaDana wrote:
       | Could this be a potential source of a housing bubble collapse?
        
         | dopeboy wrote:
         | Negative - this is a geography that will remain unaffected by
         | housing downturns. Too much money on the sidelines for it to
         | collapse.
        
         | adam_arthur wrote:
         | Given that work from office is the primary reason SF became so
         | expensive in the first place, yes.
         | 
         | How can SF home prices be justified vs SD or LA in a remote
         | work world?
        
           | colinmhayes wrote:
        
           | ghaff wrote:
           | >How can SF home prices be justified vs SD or LA in a remote
           | work world?
           | 
           | I don't live in SF or even in a city but, in the abstract,
           | I'd pick SF from that triplet. LA is complete sprawl and a
           | little bit of SoCal beaches goes a long way for me. And San
           | Diego is nice enough but sort of soulless. I like the SF
           | climate even when summer is the coldest winter you ever spent
           | --and there are great recreational options and scenery.
        
       | librish wrote:
       | SF is probably hit the hardest by WFH. If you lived and worked in
       | the city you probably had a pretty good commute, so you're not
       | getting the biggest benefit. And while I know it's a less common
       | preference on HN, a lot of people enjoy going in to a lively
       | office and occasionally grabbing drinks with your coworkers after
       | work. It's a great way to make new friends. But with WFH there's
       | a prisoners dilemma where no-one goes in because no-one goes in.
       | Hard to justify living in one of the most expensive cities in the
       | world at that point.
       | 
       | As a side note, I've been reading a lot of comments like the one
       | below describing SF as a "nightmarish hellscape" and I just want
       | to caution people to not read into things too much. I've spent a
       | lot of time in both SF and Seattle, and while there's specific
       | streets you want to avoid, and you can (rarely) run into weird or
       | disturbed people in other areas (like most major cities) overall
       | they're lovely places if you can afford them.
        
         | acchow wrote:
         | On the other hand, SF has a significant tech population that
         | has been living in the city but taking shuttle buses for an
         | hour to their offices down south. I imagine flexible WFH for
         | 2-3 days/wk will enable a larger number of people in the future
         | to live in SF
        
           | iancmceachern wrote:
           | I'm in this boat and this is true. A hybrid wfh and partial
           | in the office option really opens up options living in this
           | area, it makes it much more doable.
        
             | acchow wrote:
             | I think flexible WFH will also be a boost to Apple, which
             | traditionally was unable to hire some people who loved city
             | life and refused to commute.
        
         | dahdum wrote:
         | It's pretty easy for the highly paid and wealthy to insulate
         | themselves from the problems of any city and live in a bubble
         | of comfort. SF is becoming more challenging to do so in, but
         | far from impossible.
         | 
         | It's the lower and middle classes that suffer most from SF's
         | problems, they can't afford the rose colored glasses. Until the
         | wealthy are truly inconvenienced they'll continue with the
         | feel-good ineffective measures.
         | 
         | That's not specific to SF of course, it's just becoming more
         | prevalent. I definitely enjoy spending time there, but I'm
         | lucky enough to afford to.
        
         | kevin_thibedeau wrote:
         | It's the people paying $3000 for a bunk bed who bailed on the
         | city.
        
           | blululu wrote:
           | Probably not. Rents dropped (supply meets demands - even in
           | San Francisco). Most people I know who were unhappy with
           | their apartment moved across town and got better deals
           | (myself included). If you left you probably left because you
           | had no strong connection with the city and you wanted to
           | leave. Anyone in tech who wanted to stay could fill the
           | vacancies.
        
             | abofh wrote:
             | Did rents really shift that much outside of the widest
             | margins? I feel like 3k for a nice one bedroom has held
             | more or less constant for the last few years (even pre-
             | pandemic), a little up, a little down, but largely been
             | around there. You could definitely pay more, and you could
             | find cheaper, but for a ~1000 sqft single, the needle
             | really hasn't trended far.
        
           | sushid wrote:
           | C'mon. Rent was/is expensive but never $3000 for a bunk bed.
           | If you were really splitting a room I'm pretty sure you could
           | have had one for <$800 pre pandemic (assuming you're
           | splitting 1 bedroom in a 3 bedroom setup).
        
         | [deleted]
        
         | ghaff wrote:
         | I think it's also the case that people whose main experience
         | with SF is going to conferences at the Moscone get exposed to
         | more than their fair share of the city's underbelly. When I was
         | last in SF last December, I was actually led to expect things
         | would be a lot worse than they were. To be honest, it seemed
         | "normal" which is sort of a low bar in certain areas but, as
         | you say, that's true of Seattle too.
        
         | ceeplusplus wrote:
         | > like most major cities
         | 
         | I have lived in or visited Boston, Chicago, North Carolina's
         | RTP, and the Bay. Only in SF are there homeless camps with
         | blatant drug abuse and public defecation being tolerated by
         | authorities. Only in SF can you run into, with 100%
         | probability, a mentally deranged person on your daily commute.
         | When "specific streets" cover half the city (Financial
         | district, Tenderloin, SoMA, Mission...) they aren't so specific
         | anymore.
        
           | lotsofpulp wrote:
           | The other cities listed are very cold at times and/or very
           | humid/hot at times. It is much easier and pleasant to camp
           | outside in western cities.
        
         | lmeyerov wrote:
         | I've lived in the same spot in the mission for 10+ years (and
         | been around longer), and other folks in the building for 20+:
         | the mission hasn't regressed to the gang wars era (we have
         | stories there...), but between the break-ins, homeless tents,
         | poop & drugs, crazy people shouting at 4am, and occasional
         | shootings, the neighborhood has slid back 10-15 years. Luckily
         | I've only witnessed 1 murder, so the crime is merely 'costly
         | and disruptive' vs 'life threatening', but that doesn't mean
         | it's acceptable.
         | 
         | I lived in Seattle as well & visit frequently -- around when
         | capital+pill hill gentrified again around MS downtown employees
         | (games studios?): the current Amazon-era of the city is closer
         | to SF 5-10 years ago vs today's slide back. It's not all good,
         | to be clear: I'm guessing buying a place just got steadily
         | harder as well, and families pushed further out.
        
           | MikeTheRocker wrote:
           | Curious why you continue to live there if you feel it's
           | gotten so much more dangerous? Perhaps rent control? There
           | are so many nice and safer parts of SF.
        
           | rustybelt wrote:
           | I spent a decade in St. Louis, MO, famously rated "Most
           | Dangerous City in America" multiple years running and
           | witnessed 0 murders. How many murders would you need to
           | witness before you start to worry about your own safety?
        
           | throwaway0a5e wrote:
           | I think it's worth noting that while it was definitely
           | statistically less safe in the gang wars era, it was also
           | less obvious. You didn't have to step over someone shooting
           | up on the sidewalk (or the turd they left behind). You
           | wouldn't see a broad daylight theft. If it wasn't your car
           | stereo that was stolen the problems felt a lot farther away.
        
           | fosk wrote:
           | > Luckily I've only witnessed 1 murder
           | 
           | Stockholm syndrome is real here.
        
         | etempleton wrote:
         | I have visited almost every major US cities including a lot of
         | experience living in and near some of the "worst crime" cities.
         | Cities where there really are streets you do not dare go. In
         | San Francisco I never felt unsafe anywhere, even in the "worst"
         | parts of town. That said, the concentration of homeless people
         | when I last visited was unlike anything I had ever seen in a US
         | city.
        
           | ProfessorLayton wrote:
           | I'm a city native living in SF, but grew up all over the
           | SFBAY including much, _much_ rougher neighborhoods than
           | anything I 've experienced in SF.
           | 
           | Several of my family members and myself have been
           | assaulted/robbed in broad daylight, had cars stolen, and some
           | _have been shot by stray bullets_ due to a local gang fight.
           | When I was in grade school someone brought a gun to class and
           | showed it off by pointing it at me (!!) -- all outside of SF.
           | 
           | SF feels incredibly safe compared to my lived experience in
           | the rest of the Bay. I'm not saying there aren't any issues
           | here, but SF is nowhere near as bad as some of the roughest
           | parts of the Bay. Not by a longshot.
        
             | reducesuffering wrote:
             | Generally, I feel like the Mercury News homicide map is a
             | good representation of the roughness of the area, and it
             | doesn't look like SF is as different from those areas as
             | you propose. From the looks of it, it's one step up from
             | dead last, Oakland.
             | 
             | https://www.mercurynews.com/2022/01/04/bay-area-
             | homicides-20...
        
               | ProfessorLayton wrote:
               | This map is proving my point. Even if SF is one step up
               | from dead last, if we look at a complete year (2021)
               | there's a HUGE difference between SF and Oakland. By
               | comparison SF looks relatively safe, and having lived in
               | both cities I can attest to that.
               | 
               | The rough parts of SF are a cakewalk compared to
               | Oakland's. Not only that, but at least in SF the roughest
               | parts tend to be pretty concentrated to a small area.
               | 
               | I didn't want to point out Oakland by name because I
               | still think it's a pretty awesome city and visit it
               | often. Seeing SF being singled out by the (social)media
               | as a hellscape makes it pretty clear they're really
               | unfamiliar with much of the SFBAY.
               | 
               | The truth is that most culturally significant cities have
               | both good and bad parts to them.
        
             | dahdum wrote:
             | > SF is nowhere near as bad as some of the roughest parts
             | of the Bay. Not by a longshot.
             | 
             | You're absolutely right, but compared to other global
             | cities SF often looks comically bad, and certainly has the
             | appearance of decline. No fundamental reason it can't rise
             | again though.
        
       | Proven wrote:
        
       | diogenescynic wrote:
       | San Francisco has become a really hostile place to live even if
       | you make $300,000+. My wife and I lived in Glen Park and it was
       | still a shit hole. We had a meth head constantly breaking in and
       | living in the parking garage of our building. Cops and landlord
       | didn't care. I regularly saw people shooting heroin and smoking
       | meth/crack on BART during rush hour. I was sick of seeing needles
       | on the street and smelling urine. As soon as the pandemic
       | happened we got the heck out of the Bay Area and relocated
       | somewhere cheaper and nicer. I am sure there are many others
       | doing the same thing. I cannot imagine trying to raise a kid in
       | SF.
        
         | [deleted]
        
         | ransom1538 wrote:
         | I with you here. Our neighbor had her apartment violently
         | ransacked while she was at work. This is bad. What makes it
         | evil, they waited for her to return - sitting in the apartment
         | waiting for her to walk in. After the detective interview I
         | had, i realized, I don't want to raise family here anymore. The
         | detective agreed.
        
       | ramesh31 wrote:
        
         | zumu wrote:
         | The city center can be gnarly for sure, but everywhere else is
         | quite nice. Not sure how you could describe any neighborhood on
         | the West side of the city as a "hellscape" for example.
        
           | pdx6 wrote:
           | I agree, the western side is hardly a hellscape. I guess
           | don't let the tourists know!
           | 
           | San Francisco is really 2 different cities rather than 11
           | counties. West side (where I live) has some minor problems
           | but otherwise offers the best mix of culture, places to eat,
           | parks, and transit. Downtown is rife with problems and if
           | someday it does get cleaned up, it will wonderful since the
           | right density and transit is there.
        
         | robotburrito wrote:
         | This is very hyperbolic. This place is legit one of the most
         | beautiful cities in the entire world.
        
         | scyzoryk_xyz wrote:
         | 20-30 years ago San Francisco was considered... a nightmarish
         | hellscape. Until the first dotcom boom the city was in decline,
         | or at least that's how the story goes.
         | 
         | My understanding is that at that time it also had a booming art
         | scene and was going through an awesome counter culture phase
         | that birthed Burning Man.
         | 
         | Maybe that's what's ahead now that everyone is leaving? Videos
         | showing the drug problem are terrifying though...
        
           | sammalloy wrote:
           | > 20-30 years ago San Francisco was considered... a
           | nightmarish hellscape.
           | 
           | Not true in the slightest. There was little crime, you could
           | walk everywhere safely, day or night, and the food was still
           | incredible, and cheap.
           | 
           | Major parts of the city were on a roadmap towards
           | revitalization before dotcom was ever a thing. Yerba Buena
           | Gardens was competed in 1993, for example. No disruption
           | required.
           | 
           | > Until the first dotcom boom the city was in decline, or at
           | least that's how the story goes.
           | 
           | It's the exact opposite. The city was undergoing major
           | revitalization before the dotcom era. The first dotcom boom
           | brought major gentrification, and with it, people who didn't
           | care for the values and culture of the city.
        
             | wankerrific wrote:
             | I agree about the major first dotcom bringing people who
             | didn't care for the values and culture of the city but
             | disagree about the roughness. The mission and the part of
             | soma near the old trans bay terminal were pretty rough.
             | People got mugged in broad daylight kinda rough
        
           | cmrdporcupine wrote:
           | I first visited SF at the start of the .com boom in 1996 when
           | I had friends living there. Rent controlled apartment, 3
           | bedroom for something like $1100 USD. Beautiful city, a bit
           | grungy, with just a lot of neat stuff going on. Went to a few
           | cool underground parties, ate well, saw a lot of good art,
           | went to some good bookstores and other shops, and met some
           | really neat people. I wanted to move there.
           | 
           | Within a few years almost all my friends who weren't tech
           | industry people -- or married to one -- couldn't afford to
           | live there anymore and almost all left.
           | 
           | The next time I got into to SF was about 20 years later and,
           | yeah. Wow. Not the same city. So completely different. Many
           | of the physical trappings were the same, but the atmosphere
           | was entirely different.
        
             | scyzoryk_xyz wrote:
             | So my point being that supposedly around 1990 SF was in an
             | awful decline etc. I wish I was alive in late 1990's SF
        
           | gedy wrote:
           | SF had less street crime and open drug use 20-30 ago.
           | Definitely was more visitable for tourists at least.
        
           | mkr-hn wrote:
           | I wonder how many of the homeless residents tech people
           | complain about were part of that art scene and counterculture
           | but got gentrified out of their homes with nowhere else to
           | go.
        
             | labcomputer wrote:
             | Well, considering that every homeless census of SF shows[1]
             | that the vast majority aren't long-term residents of San
             | Francisco and that SF has some of the most renter-friendly
             | laws in the country, I'm going to say "not many".
             | 
             | [1] If you understand how statistic work, and how to read
             | critically. The censuses seem to be written by someone who
             | thinks "How to Lie With Statistics" was an instruction
             | manual, not a warning.
             | 
             | Edit:
             | 
             | Here's the latest pre-pandemic census:
             | https://hsh.sfgov.org/wp-
             | content/uploads/2020/01/2019HIRDRep...
             | 
             | On page 18, we learn that fully 30% of SF's homeless became
             | homeless _before_ moving to SF.
             | 
             | Of the remaining 70%, only 55% (so 38% of all homeless in
             | SF) are long-time (>10 years) residents of SF. 27% of SF's
             | homeless lived in SF between 1 and 10 years.
             | 
             | On page 19, we learn that only 30% of SF's homeless had a
             | home they owned or rented immediately prior to becoming
             | homeless. The rest were couch surfing, institutionalized,
             | in SROs or subsidized housing.
             | 
             | We probably shouldn't assume zero correlation (but we don't
             | have a better prior, because the crosstabs are not
             | available, so...). But if we do, this suggests only around
             | 11% of SF's homeless population were long-term renters who
             | were kicked out.
             | 
             | On page 22, we learn that only 13% of SF's homeless cited
             | "eviction" as the primary reason for currently experiencing
             | homelessness. In contrast, "lost job" is the the most
             | common reason, at 26%. Substance abuse is #2 at 18%.
             | 
             | On page 21, we learn that 65% of homeless people in SF have
             | been homeless for more than a year.
             | 
             | That's an interesting statistic because that's the same
             | percent homeless who became homeless while in SF and whose
             | total residency in SF was more than a year. Again, the
             | crosstabs are not made available to us, but it is
             | suggestive that many of the people from page 18 who
             | reported being long-term SF residents were not long-term SF
             | residents _at the time they experienced housing loss_.
             | 
             | Not to sound conspiratorial, but my points above could be
             | easily refuted with crosstabs from the census. The silence
             | is deafening.
        
           | ghaff wrote:
           | 20-30 years ago, a lot of large US cities were net losing
           | population (and employers). At one point, after Teradyne
           | moved out, I don't think there was a single significant tech
           | company in Boston though I think the bio build-out in Kendall
           | Square had started.
        
         | themitigating wrote:
         | What evidence do you have that the city was better 20 to 30
         | years ago?
        
           | StanislavPetrov wrote:
           | There is no lack of evidence. There are thousands of video
           | records taken in San Fran 25-30 years ago. You won't see a
           | city filled with vagrants and human feces. You won't see
           | trash filled-streets or sidewalks lined with makeshift
           | shelters. It certainly wasn't perfect (no city is) but it
           | wasn't the open sewer it is today.
           | 
           | https://www.youtube.com/watch?v=R0t9ogfCI3E
        
         | lovehashbrowns wrote:
         | SF is the closest thing to a dystopia for me. Unabashed wealth
         | juxtaposed with poverty, insane cost of living, shit and used
         | needles everywhere, the nation's mental health failure on full
         | display, etc. Nothing has made me as depressed as living in SF.
        
           | gsibble wrote:
           | Leave. It's so much better elsewhere. I'm so happy in Boston.
        
             | lovehashbrowns wrote:
             | Oh leave I did! I left after 11 months or so. Went out to
             | Portland but it's not much better there nowadays. Still a
             | fun city, at least. Might try Chicago now. I hadn't
             | realized how relatively cheap some of the areas are. Boston
             | might be fun, too!
        
               | ghaff wrote:
               | Boston/Cambridge proper is pretty pricey. Although if you
               | don't need/want to live in the city, you can get to
               | pretty reasonable housing fairly quickly. I live a bit
               | further out still.
        
               | seanmcdirmid wrote:
               | Seattle has much of the same, don't come here! We lost
               | 2%, we could stand to use a few more percents and I would
               | be pretty happy with the traffic reduction. I'm staying
               | put for sure, but I can see why this place isn't for
               | everyone.
               | 
               | You might want to try Salt Lake City: has a nice vibe,
               | the Mormon influence myth is overblown, and you have
               | mountains, forest, and scrub nearby just like in
               | Portland.
        
               | gsibble wrote:
               | Be careful. I have a lot of friends leaving Chicago due
               | to outrageous crime rates.
        
         | thenayr wrote:
        
         | jyounker wrote:
         | I'd say it's the opposite. The city has a few bad spots, but
         | overall it's quite nice. The big problem is the lack of
         | housing, which is arguably driven by the way that Prop 13 warps
         | economic incentives.
        
           | macksd wrote:
           | Walking through even the financial district these days, it's
           | not at all unusual for people to be stepping over unconscious
           | bodies on the sidewalk, and to see homeless people walking
           | around with syringes tucked behind their ear. In fact when I
           | was in a higher-end office building a few weeks ago no one
           | was wearing a mask indoors, and they put masks on to go
           | outside, presumably because of the smells and things you're
           | exposed to there. It's like COVID isn't even the dirtiest
           | thing they're afraid of anymore.
        
           | zumu wrote:
           | The large and very visible homeless and vagrant population is
           | the biggest issue. There may be a relationship to the housing
           | shortage, but I have a hard timing believing if rents were
           | 50% cheaper, these people wouldn't still be on the streets.
        
             | [deleted]
        
           | carapace wrote:
           | I've been here almost half a century now. The city has turned
           | to shit.
           | 
           | Prop 13 is part of the problem, but there are lots of
           | confounding factors. FWIW, the lack of housing is largely
           | artificial: there are lots of empty units, they are just
           | priced out of reach of the folks who really need them. I live
           | in Park Merced, on my block there are at least a dozen empty
           | homes, yet a few blocks away there are families living in
           | RV's parked around Lake Merced. The corporation that owns PM
           | won't lower the rents. I don't know why, but I suspect that
           | doing so would mess with things like the appraisal value of
           | the property?
           | 
           | Last month a group of squatters moved into the townhouse
           | across the street from my house. We thought new tenants had
           | moved in, but a couple of days later the staff were there
           | throwing them out. (The squatters had changed the lock on the
           | front door!) A staff member told me that this same group has
           | been breaking into units all over the property. The police
           | were called, but they never showed up.
           | 
           | Last week a van parked in the garage here was broken into and
           | items were stolen. We've been here a quarter of a century and
           | that has never happened before. There are video cameras in
           | the garage, but again, the police did nothing.
           | 
           | That's before you get to the tent camps, the rampant and open
           | drug abuse (literally folks shooting up on the sidewalk), the
           | raw lawless anarchy that the Tenderloin has become, etc.
           | 
           | Unless you have a shit-ton of money and can afford to live in
           | one of the nice enclaves SF is a shitty town. It breaks my
           | heart to admit it, I grew up here and I (used to) really love
           | it here, but the city that SF has become is sad and
           | dangerous.
        
             | xedrac wrote:
             | I've been to SF proper only twice (but many times to San
             | Jose). In my opinion, the only things going for it are the
             | weather, coastal locality, sycamores, and interesting
             | terrain. Otherwise it just felt really trashy to me. I
             | wouldn't move there even if I was offered an extra
             | $100k/yr.
        
           | vondur wrote:
           | I wonder how much residential property is still under Prop
           | 13? My guess is that it's declined quite a bit in the last 20
           | years or so.
        
             | amscanne wrote:
             | It still applies to all residential property. On sale, the
             | tax rate is set to 1% of the sale price, and increases are
             | limited to 2% per year. This creates the incentive to not
             | sell, even if you have way too much house (e.g. empty
             | nesters) because you may significantly _increase_ your tax
             | burden by downsizing.
        
             | dilyevsky wrote:
             | You're probably thinking of rent control? Prop 13 applies
             | to every property including commercial. You can also
             | transfer reduced tax to your heirs or to another property
             | of yours
        
         | gsibble wrote:
         | Completely agree. Lots of people are blind to it for some
         | reason. It's worse than some 3rd world countries. Absolute
         | shithole. Glad I left in 2018.
        
           | Jackpillar wrote:
        
         | alaricus wrote:
         | Non-American here: I lived in the Bay Area for a few years and
         | hated it. There are no cities, just one big blob of suburbia.
        
           | mlinksva wrote:
           | It's a little better than that: the NE quadrant of SF is a
           | city. It's also worse: the big blob has many holes.
        
           | cmrdporcupine wrote:
           | I agree, but... I mean, it's the same awful suburban sprawl
           | as most North American cities just with better weather (and
           | higher property values.)
           | 
           | To me it seems like a place whose best years have passed many
           | years ago now. I suspect we'll look back at 2019-2020 as
           | being "peak Silicon Valley" and the time after as the years
           | in which it began to lose its status as the centre of gravity
           | for our industry.
        
             | alaricus wrote:
             | > it's the same awful suburban sprawl as most North
             | American cities
             | 
             | That's why I don't live there anymore. The Earth is bigger
             | than North America.
        
           | floren wrote:
           | Even worse, the blob of suburbia is spread out in a ring
           | around a giant body of water, and it's almost certain that
           | the place you want to go is on the other side. So now it's 1+
           | hours on trains (assuming they even run near your
           | destination) or dealing with the eternal traffic jams at the
           | chokepoints across the bay.
        
             | 8note wrote:
             | Are there no water taxis?
             | 
             | In Vancouver you just hop on a small boat and get a quick
             | trip across, I think with your bus pass
        
               | floren wrote:
               | There are water taxis, but I think they only go along the
               | SF waterline, between say Fisherman's Wharf and the
               | baseball stadium.
               | 
               | There are ferries, but they only go from a very few
               | points in SF to a very few points in Alameda, Oakland,
               | and the north bay.
               | 
               | Seems like most of the time, the places you're trying to
               | get to aren't close to the water anyway.
        
       | _fat_santa wrote:
       | I think remote work is often understated in reasons people move
       | away. When you go into the office every day, it's pretty obvious
       | that you have to live in whatever city you live in. But with
       | remote work, the question becomes "if I don't have to live here,
       | do I want to keep living here". For many (including myself), the
       | answer was a definitive NO.
       | 
       | Sure many headlines and news segments make it seem that it's the
       | crime, the high rent, and all these super visible indicators and
       | while I'm sure that factored into the decisions of some, for many
       | it was that they just wanted a change and got the golden
       | opportunity to do so.
       | 
       | EDIT: It's not even that one may even "want a change", it's when
       | you're presented with the opportunity to make a change, the gears
       | in your head start turning as to what options you have at your
       | disposal. I would imagine many people that moved had previously
       | no intention to but just got the opportunity and decided to take
       | it while it lasted.
        
         | anm89 wrote:
         | I agree but I think this also understates the importance of
         | just how messed up SF has become. I don't want to come into
         | contact with human feces as part of my daily commute. I'm going
         | to leave no matter what once that is the case. Especially when
         | the equity in my two bedroom apartement is enough to buy the
         | nicest house ever built in some other smaller city.
        
           | ihumanable wrote:
           | I see this argument constantly, that the streets run brown
           | with human feces. I worked in SOMA for a decade, I would
           | commute every day on BART and would walk from Montgomery
           | Street Station or Embarcadero or Civic Center or 16th Street
           | to wherever my office was at the time (different companies,
           | different offices).
           | 
           | SOMA was always pretty clean, Civic Center a bit more hit or
           | miss, 16th Street was generally a bit dirtier and rougher.
           | 
           | The number of times I encountered human feces though was very
           | low, like not even a monthly occurrence. Now I'm sure there's
           | parts of San Francisco that are worse than others, and the
           | walk from 16th Street BART to Potrero Hill would take me past
           | plenty of homeless people camped out on the sidewalks, but I
           | rarely if ever encountered human feces.
           | 
           | But every. single. time. San Francisco comes up, it's the
           | same tired line, "Oh I couldn't deal with the absolute deluge
           | of human feces" which like cool, neither could I and it was
           | fine because what the heck is everyone talking about. I'm not
           | going to claim that every sidewalk and roadway is completely
           | free of poo, but as someone that managed a team of people and
           | would frequently go for walking meetings all around San
           | Francisco, it was never my experience.
        
           | Mumps wrote:
           | If people keep leaving, will that equity materialise as you
           | hope?
        
             | anm89 wrote:
             | Right, which is why you get out while things are still
             | liquid
        
           | javajosh wrote:
        
             | jeromegv wrote:
             | What is the conservative solution to this issue?
        
               | mediaman wrote:
               | If we're talking about 'reasonable' conservatives, the
               | typical answer is that booking people who commit a crime,
               | and then using the threat of prison time to force them
               | into rehab will ultimately be much better for them and
               | the community than immediately releasing them under the
               | guise that poverty causes addiction and crime and that
               | therefore they are essentially blameless.
               | 
               | Some former addicts attest that, when they were addicted,
               | it was only the threat of prison time that could force
               | them into rehab, because at the time they were not fully
               | in control of their own decision making. They say the
               | 'stick' helps motivate them to choose rehab instead, and
               | it ultimately helped them out of a bad situation.
               | 
               | Sam Quinones' book, The Least of Us, documents some of
               | this and is well-researched.
        
               | gotoeleven wrote:
               | The solution is to not tolerate drug use, petty crime,
               | vagrancy etc etc
               | 
               | Homeless people aren't stupid. They find a way to get to
               | where it is most comfortable to be homeless. In SF you
               | can do drugs all day and night and get free needles and
               | poop on the streets and no one will bother you. In other
               | places you will not be able to do this.
               | 
               | Why are people surprised that places that go to great
               | expense to subsidize homelessness have a lot of homeless
               | people?
        
               | goodpoint wrote:
               | > Homeless people aren't stupid. They find a way to get
               | to where it is most comfortable to be homeless
               | 
               | By this logic if you make it even less "comfortable"
               | everywhere they'll disappear into thin air? Go to mars?
        
               | abofh wrote:
               | Being the shitter.
        
               | DonHopkins wrote:
               | Shitting in front of liberals' homes to convert them into
               | conservatives.
        
               | pcthrowaway wrote:
               | or at least shitting in their backyards to convert them
               | into NIMBYs
        
               | TedDoesntTalk wrote:
               | Who said homelessnesses and mental illness have
               | solutions?
        
               | neartheplain wrote:
               | Centrist candidate for Governor of California Michael
               | Shellenberger, who has interviewed many addicts on the
               | streets of SF and has a credible plan to address
               | homelessness and open drug abuse:
               | 
               | https://www.shellenbergerforgovernor.com/issues/homelessn
               | ess...
        
               | sdenton4 wrote:
               | Blaming liberals.
        
               | havblue wrote:
               | The conservative solution is to move to a place where
               | they arrest the poopers.
        
               | javajosh wrote:
               | Enforcing the law.
        
           | RC_ITR wrote:
           | I think your argument ignores that fact that in other cities,
           | you _drive by_ the social problems, whereas in SF you walk
           | through them.
           | 
           | Nobody complains about the homeless people who live _under
           | the Las Vegas Strip_ because they are unseen, but per capita,
           | some studies imply Las Vegas has a much worse problem than
           | SF.
        
           | anm89 wrote:
           | Just pointing this out. This post was quickly up +4 and then
           | instantly went down to -1. Someone seems to be brigading
           | here.
        
             | toomanyrichies wrote:
             | Consider the possibility that you're being downvoted for
             | breaking the Hacker News guidelines:
             | 
             | "Please don't comment about the voting on comments. It
             | never does any good, and it makes boring reading."
             | 
             | https://news.ycombinator.com/newsguidelines.html
        
             | themitigating wrote:
             | He doesn't live in San Francisco but is claiming that if he
             | commuted to work he would always see human feces on the
             | ground. He provides no evidence, not even a personal
             | experience
        
               | alar44 wrote:
               | What do you want? Pictures? This is commonly known to be
               | an issue there. If I was there right now, I'd say give me
               | 5 minutes and I'll post a picture. Was in SF last week.
               | If you do a lot of walking there, you WILL see not only a
               | shit, but someone actively shitting.
               | 
               | Edit: https://www.arcgis.com/apps/View/index.html?appid=b
               | 6fab72091...
        
               | themitigating wrote:
               | That's not an indication of frequency which is what
               | matters.
        
               | RC_ITR wrote:
               | I'm genuinely curious, where do you live and do you 'do a
               | lot of walking' there too?
        
               | mikebenfield wrote:
               | Granted I've only spent about 6 months of my life living
               | in SF, but I did a decent amount of walking around and
               | never saw human feces.
        
           | _fat_santa wrote:
           | I didn't mention this in my comment as it was more about the
           | broad trends in every city rather than SF/NYC specifically.
           | 
           | Typically for a group that got tired of a city and moved out,
           | there would be a new group that is ready to fill their place.
           | Thing is no one wants to move to SF given the situation
           | (crime, COL, homeless, etc). Now for all the folks that will
           | say "it's not that bad" I say that it doesn't really matter.
           | If you're moving to a city, your opinion and view of the city
           | is largely dictated by what you see/hear from friends,
           | relatives, on the news, etc. Even if SF wasn't "that bad", it
           | still doesn't matter, because the perception is more
           | important for gaining residents than the actual situation
           | IMO.
        
             | DragonStrength wrote:
             | Exactly. And the problem is even if I want to stay, once my
             | entire social group has left during the pandemic since none
             | of us were old enough to have mortgages or kids, well, this
             | all kind of sucks right now. All the people I work with
             | have kids and mortgages and have enjoyed flitting up to
             | Tahoe for the past two years, but I'm not from the state
             | but was required to work within it for the past year
             | anyway. Well, my life here is pretty shitty right now, and
             | as soon as I could really start doing things, it was time
             | to start a hybrid model designed with people with kids and
             | mortgages in mind. Traditionally, these folks have a lot of
             | leverage over their younger counterparts, which we're
             | finding is not holding.
             | 
             | The issue is that Gen X is small, so they don't have a lot
             | of leverage if the only other two generations in the market
             | just leave town. Unless it's their opinion that
             | Californians are just better, but of course, now we're back
             | to the shrinking schools problem. It's difficult for me to
             | imagine how California rebounds without losing a lot more
             | ground first. Probably the best thing that could happen for
             | people from the part of the country I grew up in, if we're
             | actually concerned with equity though.
        
             | BurningFrog wrote:
             | Also, when you pick a place to move to in this huge
             | country, "it's not that bad" isn't going to be chosen, even
             | if true.
        
             | juve1996 wrote:
             | I think you're right about perception to people considering
             | going there. But I really think it just comes down to cost.
             | Cities have gotten exorbitantly expensive.
             | 
             | It doesn't make financial sense to stay in SF if you're
             | salary stays the same in Texas and your company is remote.
             | Unless there is some specific reason to live there - you
             | like the vibe, or it's where you were born, or some other
             | reason (weather).
             | 
             | I think it's good that we have this shakeup. Change is a
             | good thing, and I think a lot of cities need some change.
        
         | vikingerik wrote:
         | > "if I don't have to live here, do I want to keep living here"
         | 
         | I answered the exact same no to that question, moving out of
         | NYC when my job went permanently remote since the pandemic. I
         | moved to semi-rural Virginia where my family is, and bought a
         | house with far more space and a pool than I could have dreamed
         | of within commuting distance of NYC.
        
           | themitigating wrote:
           | For some house size is less important than have more to do
           | outside the home if city entertainment is to your liking
        
         | peckrob wrote:
         | I don't know why it _isn 't_ being mentioned.
         | 
         | I am not in the Bay Area myself, but about half of my friends
         | there have relocated in the last couple years. A bunch to
         | Washington or Oregon, some to Texas, one to Nashville, and a
         | few others to places mostly in the northeast. All of them cited
         | cost of living as the _primary_ reason ... but all also
         | mentioned full time remote work is what finally made it
         | _possible_ to move.
         | 
         | When you aren't chained to a physical location by your job,
         | lots of things become possible.
        
           | gwbushey wrote:
        
           | nradov wrote:
           | I live in the south Bay Area. The local public school
           | district has been steadily losing enrollment due to the high
           | cost of living. The district administrator I talked with said
           | that based on student records transfer requests, some
           | families have moved further east and south into the sprawling
           | exurbs, and many others moved to Texas.
        
             | DragonStrength wrote:
             | I entered 2020 thinking I'd settle in the Bay Area, but
             | stats like these accelerating over the past couple year
             | make me feel fortunate I sat it out.
        
           | PragmaticPulp wrote:
           | I actually know several people who used this as an
           | opportunity to move _into_ the Bay Area. The sudden drop in
           | rents made it more attractive and they jumped.
           | 
           | They both work in industries where face to face communication
           | is a competitive advantage. It's easy to forget that not
           | every job is naturally compatible with remote work like it is
           | for those of us who type on computers all day.
        
             | iancmceachern wrote:
             | I'm in this boat. We moved apartments in SF during the
             | pandemic and we now live in an amazing neighborhood,
             | amazing building, for 40% less then we were paying for a
             | below average apartment before.
             | 
             | It's not one or the other (moving in or out), it's about
             | getting what you (the individual) wants, and being smart
             | about timing and using world events to your advantage, not
             | disadvantage.
             | 
             | Some people wanted to move away from SF, some wanted to
             | move in. It was an opportunity for either.
        
               | sheepybloke wrote:
               | Where have you been seeing the rent drop in SF? I'm in
               | the south bay and have been interested in moving to SF
               | now that I'm going remote, since I want a bit more active
               | nightlife. Now that I'm remote, I don't have to stay in
               | south bay.
        
               | tshaddox wrote:
               | I haven't seen these supposed rent drops in SF or the Bay
               | Area either. My lease in the peninsula is up next month
               | and the rent is increasing about 8%, and that's aligned
               | with the prices I'm seeing elsewhere for comparable
               | apartments.
        
               | arcticbull wrote:
               | Things are rising a bit now but if you jumped into a new
               | place in like 2021, the discounts were pretty absurd.
        
               | teebs wrote:
               | Rents are definitely down - or at least they were 1.5
               | years ago when I last moved. Before the pandemic, 1
               | bedrooms were usually at least $3500 and often $4000+.
               | When I looked last January, there were decent places
               | between $2500 and $3000. I emailed some landlords saying
               | "is there any chance you could go lower" and they offered
               | me free rent for 1-3 months. I ended up with a pretty
               | good deal on a large one bedroom in the Mission.
               | 
               | Rents have gone up since then from my understanding, but
               | they're still below what they were several years ago.
               | https://www.zumper.com/rent-research/san-francisco-ca
        
               | acchow wrote:
               | Largely SOMA and parts of the Mission and the Van Ness
               | corridor. It's mainly areas which generally feel less
               | like a neighborhood and more like a bustling city -
               | mainly areas where renters are more OK with living in
               | than homeowners would be willing to purchase in. A great
               | example is the new Chorus building which opened in 2021
               | on Van Ness and Mission. It remained mostly empty
               | throughout 2021 despite offering 10 weeks "free rent"
               | with a 1 year lease. Stunningly gorgeous building,
               | incredible amenities, but a subpar location - a condo
               | here would be sold at a heavy discount because of the
               | location, thus this is a luxury rental apartment instead.
               | Across the street is the new Fifteen Fifty building, also
               | with heavy "free 2 months rent" discount for a 1 year
               | lease.
               | 
               | But even in the most desirable neighborhoods, rents are
               | still down about 10-15% compared to pre-COVID
        
             | dominotw wrote:
             | > sudden drop in rents
             | 
             | Curious, Why aren't properly prices droping to reflect the
             | loss in population.
        
               | picture_view wrote:
               | It's possible most of the 6.3% did not own property and
               | we're not in the market to buy property, so there was no
               | change in that market.
        
               | lazide wrote:
               | Speculators betting it will come roaring back afterwards,
               | money still getting cheaper, folks with families that
               | can't move, inability to 'just move' if you own, all
               | probably contributing.
               | 
               | Housing prices have been out of whack with fundamentals
               | (cash flow) since at least '12-'13.
        
               | jethro_tell wrote:
               | Here's another more bleak option. Just like in 2008 when
               | corporations bought up huge swaths of the housing market
               | for cash while no one could get a loan. (which is part of
               | the current issue with not enough homes to buy)
               | 
               | They aren't betting the market will come roaring back,
               | they are betting that they can corner the market and
               | housing will be a subscription just like everything else
               | they sell.
               | 
               | Rent seekers aren't going anywhere, and the cost is
               | really immaterial to them for the most part. They don't
               | need cashflow, they need a monopoly.
        
               | marvin wrote:
               | This is a spooky narrative, but the rent seekers can't be
               | the majority. My understanding is that many Californian
               | real estate markets are kept artificially tight due to
               | various forms of NIMBYism.
               | 
               | If renters become the majority, it's suddenly no longer
               | viable to limit new housing through regulation. Markets
               | are nowhere near the fundamental limits of homes per
               | square meter of the state that's good to live in.
        
               | jethro_tell wrote:
               | I don't think they are a majority and I think the main
               | problem is lack of housing being built. But I do think
               | that what housing is out there on the market faces stiff
               | competition from companies not people. I'd assume there
               | are a few people buying houses with cash but my guess is
               | a lot of those stories you hear about people bidding 100k
               | over ask and losing to a cash offer are mostly not
               | people.
               | 
               | Theres a good number of companies that are open about
               | increasing their housing portfolios. Even construction
               | companies that built thousands of starter homes per year
               | converting to rentals only.
               | 
               | These are long term changes, and not a quick cash grab at
               | the bottom of the market.
        
               | fennecfoxen wrote:
               | As usual, the "speculators" and "out of towners" and
               | others are convenient scapegoats, lest we have to face
               | the underlying supply and demand and barriers to
               | development.
               | 
               | You want to have a monopoly on housing in a major city?
               | I'd be hard pressed to point out an industry where that
               | would be _harder_. You have literally millions of
               | competitors.
        
               | seanmcdirmid wrote:
               | San Francisco is already the second most densely
               | populated city in the USA (the first being NYC). SF is
               | actually already slightly more densely populated than
               | Tokyo, which many like to tout as a mecha for de-
               | regulated zoning.
        
               | lazide wrote:
               | That assumes they'll get takers on the areas though.
               | 
               | With remote work becoming more of the norm, what if the
               | labor market doesn't move back?
               | 
               | They'll have a monopoly that few ever pay rent on, and
               | they'll go broke (while the houses rot).
        
               | jethro_tell wrote:
               | Sure, It's not a sure thing forever and not all areas are
               | going to be winners, but if you have a big enough budget,
               | you can just buy houses everywhere for a long time and
               | probably make decent rent for a while. Heh, if not, or
               | when it ends, they can just dump it and or the company
               | and walk away. It's not like they are doing it with their
               | own money.
        
               | chrisco255 wrote:
               | We are still in the early stages of the bubble deflating.
        
               | teebs wrote:
               | Many of my friends who are tech workers who've worked at
               | unicorns and tech giants for 5-10 years bought their
               | first homes in SF during the pandemic. I would guess part
               | of the drop in rents is a shift in demand from former
               | renters to new homeowners. Also, there was a general
               | increase in prices across all asset classes during the
               | pandemic that continued to drive prices up. Finally,
               | property prices have actually gone up less in SF than
               | they have in the US as a whole, likely because of the
               | general effect of people moving away - compare the change
               | from January 2020 to today in this chart
               | https://fred.stlouisfed.org/series/MSPUS vs this chart
               | https://www.zillow.com/san-francisco-ca/home-values/
        
               | RC_ITR wrote:
               | If everyone who left was living in a 2 bedroom with a
               | roommate and now that space is a one bedroom with a home
               | office, then why would rents fall?
        
               | sokoloff wrote:
               | Presumably the willingness to pay a given amount from
               | just one person's income is lower than that of two
               | people's income. Add in additional temporary uncertainty
               | in big parts of the tech market and I can see a lot of
               | currently occupied units having a tenant not willing to
               | renew as-was.
        
               | seanmcdirmid wrote:
               | The loss of population is directly caused by property
               | prices, so if they were reduced, the loss would reduce or
               | reverse and we simply would't be talking about population
               | loss anymore (seriously).
        
           | FollowingTheDao wrote:
           | This is so sad to me. The fracturing of the community because
           | of capitalism. All these people that are moving away from
           | their friends they are shortsighted. When they really need
           | people no one's going to be around them. Sad.
        
           | ghaff wrote:
           | Even if you like San Francisco on balance, it's hard not to
           | ask yourself if you like it _so much_ that you 're OK with
           | paying for some of the most expensive housing in the country
           | when you don't have a reason you _have_ to be there.
        
             | 0000011111 wrote:
             | It sounds like you are saying that if you move from SF to
             | another city cost of living expenses will drop
             | dramatically.
        
               | alanh wrote:
               | Yes, this is famously true, with SF's cost of living
               | (especially but not only housing) being some of the very
               | highest in the nation. Getting out of California helps
               | even more.
        
               | ghaff wrote:
               | Well they _can_. If I move to another popular place like
               | Manhattan they probably won 't go down much. But it's
               | reasonable to ask, if you don't have a work-related
               | reason to live in a place, whether it's good value based
               | on your priorities. The answer may be "Yes!" for SF for
               | some people. But it may also be "No."
        
             | themitigating wrote:
             | For cities in general there's much more to do compared to
             | low density areas. Restaurants, entertainment, other
             | people. All of this within a decent traveling distance.
        
               | DragonStrength wrote:
               | Sure, but most who leave SF will choose a smaller metro
               | area, not a rural area. What I have found in my time in
               | the Bay Area is a general ignorance of how many smaller
               | metro areas have developed more vibrant urban centers
               | over the past 10 years. The people from these cities who
               | went home for the first time in a decade are finding
               | surprisingly livable metros waiting for them, closer to
               | aging family.
        
               | inferiorhuman wrote:
               | I've definitely thought about finally leaving the Bay
               | Area, previously I'd written off a lot of places because
               | I want to be close to the coast and I love the relatively
               | mild weather. More recently I ended up talking with a
               | park ranger about life out here (he's from Truckee). He
               | was real attracted to the Oregon coast but aghast at the
               | white supremacy issues that are still ripe up there.
               | There's always a catch.
               | 
               | Now? Politics and infrastructure put me off of huge
               | chunks of the country (especially Texas and Florida). I
               | don't really care if Austin is a vibrant metro area when
               | the state government is trying to ensure women have
               | subhuman status at most even if they've got to gut our
               | judicial system to do it. Small town Texas? Absolutely
               | fucking not, doubly so if I actually wanted to raise a
               | family. Then again the Bay Area _is_ my home.
        
               | ghaff wrote:
               | A lot of smaller cities have developed gentrified cores.
               | Mind you, these cores can be pretty small. You may have a
               | relative handful of restaurants and bars you like and
               | they may lack some of the cultural amenities of a larger
               | city. But I know a couple who just sold their presumably
               | very appreciated house in a major metro and moved
               | somewhere smaller.
        
               | ihumanable wrote:
               | I think one thing that keeps me in the Bay Area is
               | economic opportunity, although it remains to be seen how
               | larger macro-economic forces will effect this.
               | 
               | For the last decade though, if you write code in the Bay
               | Area, there is just this massive backstop of companies
               | looking to hire. I've lived here since 2011 and worked
               | for all of 3 startups that entire time, so this isn't so
               | much about job hopping. Instead, because of all the
               | competition for talent in the area you get to enjoy a
               | degree of job security, high pay, and benefits that are
               | pretty nice. It is also a major relief to know that if
               | your company does have to let you go for whatever reason
               | or you just get sick of the work you are doing and want
               | to quit, there are a ton of other places hiring.
               | 
               | With remote work I imagine being physically close to the
               | Bay Area is less of a requirement, but it seems like
               | there is some amount of drive to get people back into
               | offices, so we will see how long that remains viable.
               | 
               | This is really the main reason I stay in the Bay Area, I
               | moved out to the Greater East Bay a few years back and
               | was able to find a nice house in a nice enough area for a
               | reasonable price.
               | 
               | Having easy access to so many employers provides a peace
               | of mind and an implicit pile of leverage that's pretty
               | great.
        
               | ghaff wrote:
               | Sure. Cities lend themselves to different sorts of
               | activities and have different pros and cons than do rural
               | areas. Personally I get all the city stuff I want in
               | short visits. I can see a play in a large city that is an
               | hour drive away without living there.
        
               | themitigating wrote:
               | That's fine but the parent implied it was objectively
               | worse than living elsewhere
        
               | ghaff wrote:
               | I think the parent was me :-) I actually like SF but some
               | of the most expensive housing in the country is a high
               | bar if you don't either have enough money that it's a
               | non-issue or have to live there for employment or other
               | reasons. There are many cities with solid city activities
               | that aren't SF.
        
             | legerdemain wrote:
             | Like it or not, SF has the most vibrant tech community than
             | anywhere else.
             | 
             | I live an hour away, and I make the painful, tedious drive
             | up in rush-hour traffic at least once a week to meet up
             | with some group or another in person. The alternative is
             | the dreary, sleep-inducing vendor teleconferences that
             | double as "meetups" on the Peninsula.
             | 
             | I'm strongly considering ditching the Peninsula and moving
             | to SF for better networking and more diverse hangouts and
             | career opportunities.
        
             | xvedejas wrote:
             | This is not a strategy for everyone, but I definitely pay
             | less in SF than I would in most cities because I know
             | people willing to live with me long-term (and split rent)
             | here. Generally it's easier in SF to find a roommate who is
             | high-earning and willing to split an apartment or house
             | compared to other cities, where similar people would just
             | pay a little more to get their own place.
        
               | elif wrote:
               | in our city, my partner and I bought a house entirely for
               | 5.5 years of what we were paying in rent. Now just 2 of
               | our rent payments cover annual tax and insurance.
               | 
               | any locally optimized strategy within the overall context
               | of renting is still a failing proposition imo.
        
               | mjmahone17 wrote:
               | You (and those like you) have informally recreated
               | boarding houses. It's a shame that Single Room Occupancy
               | is basically illegal to build in any major US city: most
               | cities require building "single family units" that must
               | have their own bathroom(s), kitchen and bedroom(s).
               | 
               | It would be nice if people who are OK sharing common
               | spaces were able to have housing built specifically with
               | them in mind.
        
               | wctawcta wrote:
               | Splitting rent among roommates is not specific to San
               | Francisco, it's common to cities with expensive housing.
               | LA, Miami, NYC, San Diego, etc. all have high proportions
               | of adults living with roommates
               | (https://porch.com/advice/cities-whose-residents-likely-
               | live-...).
               | 
               | Having roommates certainly helps save money, but it
               | remains true that you and your roommates are paying for
               | some of the most expensive housing in the country.
        
           | gamechangr wrote:
           | I second this
           | 
           | My friends seem to be moving to Washington, Florida, and
           | other parts of California (away from main cities)
        
             | gwbushey wrote:
        
             | toomuchtodo wrote:
             | I see far more California vehicle tags in Central Florida
             | than I would've expected.
        
               | lotsofpulp wrote:
               | That is probably more a function of population. I
               | regularly see Florida plates in Washington.
        
               | davio wrote:
               | I live in Missouri and people who have lived on my street
               | for decades have Florida plates. They must have property
               | there and claim it as residency for tax purposes
        
               | legerdemain wrote:
               | A ton of license plates with oranges on them here in the
               | Bay Area, too.
        
               | jdhn wrote:
               | When you look in the cars, are they older people? Where I
               | live (western Florida), it's generally older people and
               | not the demographic that you'd expect to find on this
               | site.
        
         | tshaddox wrote:
         | The even more obvious thing is the lockdowns. Regardless of
         | whether you think the lockdowns were appropriate or not, it's
         | pretty clear that many of the advantages of living in a dense
         | cultural center like SF go away when you're mostly confined to
         | your home and can't participate in night life, the art/music
         | scene, restaurants, etc. Heck you barely even benefit from the
         | weather any more.
        
         | ilamont wrote:
         | There's another data point that supports this view of remote
         | work: retirement
         | 
         | Many people, when given the chance to not work _at all_ , leave
         | their residence or make a decision to split their time between
         | their old home and a new home in a location with a better
         | lifestyle, friends, family, whatever.
        
         | ghaff wrote:
         | There's also a natural tendency for many people, as they get
         | older, to tend to gravitate away from downtowns as they care
         | less about the bar scene, say, and more about space for
         | hobbies, family, etc. So you're always going to have some
         | natural outflow for older demographics and it's probable it's
         | not being counterbalanced by new grads moving in.
         | 
         | But I agree with your basic point. If you no longer have to
         | live in an area for work, you definitely start thinking about
         | where you _want_ to live.
        
         | givemeethekeys wrote:
         | If SF was attractive, then people would want to remotely work
         | from SF. But it isn't. So, they're leaving. On the other hand
         | San Diego seems to be blowing up.
        
           | rad88 wrote:
           | If fallacies worked then everyone would use them, but they
           | don't, so nobody uses them!
        
           | seanmcdirmid wrote:
           | SF is expensive. If SF was cheaper, it would be more
           | attractive, more people would arrive, and rents would be
           | pushed up again by the increased competition. This is just
           | supply and demand at work.
        
           | andbberger wrote:
           | SF is attractive it's just stupidly expensive
        
           | whakim wrote:
           | I don't think this is _necessarily_ true. Consider that the
           | reason many people were in SF in the first place was because
           | their job required them to be there and they didn 't have a
           | choice; now that they have a choice, perhaps many of them
           | find SF attractive and stay, while a minority don't and
           | leave.
        
             | deltaonefour wrote:
             | Around 2010 and before SF was very attractive. The southbay
             | were where most jobs were located but everyone wanted to
             | live in the city. That's what caused a huge amount of
             | companies and startups to move to SF.
             | 
             | The influx of techies, however, changed the city. And SF
             | soon became what it is today.
        
               | onetokeoverthe wrote:
               | The ahistorical techies destroyed sf by 2000.
               | 
               | Sf became techietown in 2000.
               | 
               | Instead of primarily being an alt culture capital.
               | 
               | It became "a place to work".
        
               | deltaonefour wrote:
               | No. It started in 2000 and proceeded into 2010 where
               | around 2010 and before it became noticeable. By the mid
               | 2010s it reached it's peak.
               | 
               | Prior to 2010 and a little after it was more than a place
               | to work. It was a place where all techies wanted to live;
               | but not because of work. Because they loved the city.
               | That's why those shuttles from SF to mountain view google
               | exist. Too many googlers wanted to live in SF and work in
               | MTV.
        
             | tshaddox wrote:
             | > Consider that the reason many people were in SF in the
             | first place was because their job required them to be there
             | and they didn't have a choice
             | 
             | I'm not sure how big of a factor that is/was though. I know
             | plenty of people in their 20s who worked in the peninsula
             | or east bay but deliberately took on the high costs (and
             | long commutes!) of living in SF for the usual reasons
             | related to SF being a cultural center.
             | 
             | I think it would be fairer to apply your claim to the
             | reason many people live _in the entire Bay Area_ , but not
             | specifically in SF.
        
               | jethro_tell wrote:
               | I mean, to be fair, we're talking about 6 out of 100
               | people moving this year. I can defiantly see 6 out of 100
               | people being there just because that's where they get
               | paid or their job moved them.
               | 
               | It's even more likely that part of that 6 percent had
               | family obligations, and some just realized they wouldn't
               | buy a house even if they loved the city, and some just
               | hated it.
        
           | lemonlime wrote:
           | If SF was unattractive, it wouldn't cost $2,500-$3,000 to
           | live in mediocre housing with 6 housemates.
           | 
           | Even people that don't have high paying tech jobs are lining
           | up to pay these kinds of insane prices. They don't want to
           | pay the prices, but it's worth it to live in an area like SF.
           | 
           | One of the only places on the planet in human history that
           | people put this much energy and money into just living
           | somewhere.
        
             | raverbashing wrote:
             | I guess living in SF is like buying a boat. You're happy
             | when moving there but much happier when moving out
        
             | twiceaday wrote:
             | "Nobody drives in LA. There's too much traffic!"
        
             | mikebenfield wrote:
             | Obviously there is some level of demand to live in SF, and
             | that's part of the explanation for the high cost of living.
             | 
             | But the factor really driving up rent and real estate
             | prices is the massive resistance in SF and the Bay Area in
             | general to building new housing.
        
               | bcrosby95 wrote:
               | It's being driven up everywhere. SF just started higher.
        
               | arcticbull wrote:
               | In part yes, but also, SF was especially resistant to
               | building new houses. So much so it even has a Wikipedia
               | article on its obstinance. [1]
               | 
               | > For example, from 2012 to 2016, the San Francisco
               | metropolitan area added 373,000 new jobs, but permitted
               | only 58,000 new housing units.
               | 
               | [1] https://en.wikipedia.org/wiki/San_Francisco_housing_s
               | hortage
        
         | scelerat wrote:
         | It's funny, I moved to SF and landed a tech job, in that order.
         | I moved to the Bay Area for certain things above a job. I know
         | there are others like me, perhaps not a majority of the HN
         | crowd, but I quite like it here and it would take a lot for me
         | to change my mind about the place.
        
           | deltaonefour wrote:
           | Lots of reasons why people hate SF. The homeless problems,
           | the petty crime. The smell, the dirtiness, the shitty
           | weather, the actual danger of stepping on human feces, the
           | drug use.
           | 
           | To each their own, but I think it's important for people to
           | get out of their headspace and see things from a more general
           | perspective as well. There are very good reasons why people
           | don't like SF and unless people who love the city acknowledge
           | those things, change is likely impossible.
        
             | [deleted]
        
             | tayo42 wrote:
             | Except the weather lol I lived in Bernal for years and
             | never experienced any of that...
        
               | deltaonefour wrote:
               | This is what I mean by people not getting out their
               | headspace. I literally find it impossible not to
               | experience every single thing I mentioned above on a
               | daily basis just by walking through the city.
        
             | nineplay wrote:
             | There are good reasons why people don't like SF but why
             | should people who do like SF care or try to convince them
             | otherwise? I don't like Dallas but I don't think people who
             | do like Dallas need to get out of their headspace and
             | change things for my benefit.
             | 
             | Obviously SF has problems and no one loves SF who doesn't
             | want to improve the homeless issue. It doesn't make them
             | wrong to love the city.
        
               | themitigating wrote:
               | Do you know the excitement that surrounds stories like
               | this on foxnews? They want liberal Democrat cities to
               | fail so they can blame leadership as an example
        
               | [deleted]
        
               | cbozeman wrote:
               | That's because leadership _is_ failing.
               | 
               | The correct response of leaders is to ignore wealthy
               | citizens attempting to prop up their multi-million dollar
               | 3bed4bath properties and let them know, "We're going to
               | zone more areas for residential development, sorry. 2500
               | square foot homes shouldn't be $3 million in any area in
               | America."
               | 
               | And all these rich liberals - and they _are_ liberals -
               | use the same bullshit line over and over,  "I'm all _FOR_
               | affordable housing... I 'm just afraid it'll change the
               | _character_ of our neighborhood. "
               | 
               | Bull. Shit. You. Lying. Fuck.
               | 
               | You thought you'd be able to set up your grandchildren
               | for life because you chose what was a relatively sleepy,
               | and honestly kinda shitty, city back in the 1970s. Fuck
               | you and fuck off.
               | 
               | What they're _really_ afraid of is that some politician
               | who really _does_ give a shit about the city will come
               | along and upend their apple cart and their 50 year old
               | brownstone will only be worth $1 million instead of $7
               | million when they die.
        
               | nineplay wrote:
               | > let them know, "We're going to zone more areas for
               | residential development,
               | 
               | Why? This may seem deliberately naive but in the context
               | of the current discussion, why should more areas be zoned
               | for residential if people are leaving the Bay Area? If
               | there are residents who hate the Bay Area, can't afford
               | it, and are no longer stuck there now that they can WFH
               | then it sounds like they are cheerfully leaving. The
               | wealthy citizens keep their houses and neighborhoods and
               | perhaps the rest of us get a break from the ceaseless
               | complaining.
               | 
               | It's an easier solution than massive rezoning proposals.
        
               | nobodyandproud wrote:
               | Anger aside (directed more at liberals or NIMBYs?),
               | California and San Francisco is limiting its potential.
               | 
               | Wealth of the area is being strangled by a magnitude.
               | 
               | As an individual owner, however, it's irrational to not
               | fight.
               | 
               | So how would you incentivize growth? It can be done, but
               | I do think the lawmakers will have to be creative about
               | it.
        
               | nineplay wrote:
               | > Wealth of the area is being strangled by a magnitude
               | 
               | How so?
        
             | Karrot_Kream wrote:
             | > To each their own, but I think it's important for people
             | to get out of their headspace and see things from a more
             | general perspective as well.
             | 
             | What makes you think those of us who enjoy living in the
             | area haven't made the conscious choice? There are good
             | reasons I chose to live in the urban parts of the SFBA,
             | just like I presume there are good reasons several of my
             | friends are happily running a household in Seattle, Austin,
             | Chicago, Brooklyn, Columbus, or pretty much any other part
             | of the US.
        
               | deltaonefour wrote:
               | Many haven't... I've literally met people who claim they
               | haven't seen any human feces in San Francisco or drug
               | users and homeless people everywhere.
               | 
               | Then there's people like you who prefer the fair and
               | balanced look. Like San Francisco is a city that has some
               | problems just like any other city.
               | 
               | Are there really, truly any factually bad places to live
               | in the world? Or is everything just a matter of opinion?
               | Nothing is bad or good it's what each individual makes of
               | it.
               | 
               | When is it that enough people believe in something that
               | it's no longer an opinion but a fact? Some people may
               | enjoy being punched in the face but enough people hate
               | being punched in the face that this situation is
               | considered to be factually just a shitty situation to be
               | in, completely independent of opinion.
               | 
               | I'm saying enough people are talking shit about SF that
               | SF is pretty much in the zone of being factually
               | categorized as a shitty place to live. If it's not there
               | yet, it's close enough where people need to acknowledge
               | some big problems here that no other 1st world city has.
        
           | mdasen wrote:
           | I think the point is that many people feel forced to live in
           | SF because of their job. At the same time, there are so many
           | people that love SF that are forced out due to economics.
           | 
           | It would be better if people were able to choose where they
           | want to live rather than being pushed into certain living
           | situations that aren't what they'd choose. There are plenty
           | of techies that feel pushed to living in SF for their job.
           | There are plenty of LGBT people that feel pushed out (or kept
           | out) of SF due to economics even though they want to be
           | there. It's not that any group is right or wrong. I just
           | think that people get resentful when they're kept away from
           | the things they want in life. Place is one of the biggest
           | parts of our lives. "I want to live in X, but I can't really
           | because..." is just a recipe for unhappiness.
        
         | smsm42 wrote:
         | Many SF tech companies would love to not allow remote work
         | again, but I think they can't really pull that off anymore. The
         | argument "the company can't function that way" has been
         | demolished during COVID days, so it'd be very hard for
         | companies to go back. And the more companies allow it, the less
         | leverage the ones that don't have.
         | 
         | That said, a lot of people that worked in SF didn't live in SF
         | even back then. They may live in Oakland, Redwood City,
         | Mountain View, all the way from Walnut Creek to Los Gatos or
         | Milpitas. Now they can just avoid the multi-hour commute - and
         | I think that's a win.
        
         | 99_00 wrote:
         | Your reasoning contradicts its self.
         | 
         | I agree that remote work allows more workers to live where they
         | want.
         | 
         | You claim that workers left SF not because of any attribute of
         | the city, but because they wanted a change.
         | 
         | You imply that SF is desirable place to live, however it's
         | population declined only because of a desire for change.
         | 
         | However, there are more remote workers outside of SF than in
         | it. If SF was in-fact desirable, and remote workers simply want
         | 'change', then SF's population would increase. Because a
         | greater number of remote workers would move to desirable SF for
         | their change, than would leave it.
         | 
         | Reality is this: Remote work allows workers choose desirable
         | places to live regardless of office location.
         | 
         | Without the advantage of office location, SF stops being
         | desirable. It stops being desirable because the benefits it
         | supplies (culture, etc) are less than the costs it demands
         | (crime, rent, etc).
         | 
         | One might argue that MANY cities are going to experience
         | similar declines and that SF isn't unique. So this can't be
         | seen as people voting with their feet against SF.
         | 
         | That's fine. Then people are voting with their feet against
         | MANY cities and cities are simply not desirable.
        
           | [deleted]
        
           | 8note wrote:
           | The price of rent shows its desirability. Lots and lots of
           | people want to live there, but that doesn't mean they can, or
           | that it's the best fit for their other requirements.
        
       | darth_avocado wrote:
       | Ridiculous rent for houses/apartments in a very bad shape, rising
       | crime and eroding faith in the justice system (you could argue
       | that the data doesn't support this, but the reality is that the
       | data doesn't support this because a lot of crimes these days go
       | unreported), school district going to shit, bad city governance
       | (which trickles into bad transportation, more homelessness, filth
       | in the streets, businesses closing or not enough new ones
       | opening, ever increasing taxes etc.) and overall high taxes which
       | you question when you don't get proportional services.
        
         | [deleted]
        
         | gsibble wrote:
         | Pretty much all the reasons I left in 2018 after 10 years.
         | Expensive, filthy, and dangerous. I live in Boston now and my
         | quality of life has soared. Make just as much too.
        
       | jmyeet wrote:
       | SF is expensive and horrible. The only reason people in tech live
       | there is because of employers in the area and it beats living
       | elsewhere in the Bay Area which is expensive and dull.
       | 
       | There's really no other reason people would put up with an hour
       | (or more) commute each way every day.
        
         | [deleted]
        
       | seaourfreed wrote:
       | People vote if SF has a good or bad government, by voting with
       | their feet. Cities across the nation can have people leave due to
       | remote work. This isn't remote work.
       | 
       | This is a vote on if SF's government is great or bad.
        
         | jdavis703 wrote:
         | Rents are up 15% YoY, which is probably a leading sign that
         | demand is back. I know some folks might blame higher rents on
         | greedy landlords... But it's quite clear that at work this
         | year's class of new grad hires is moving to the Bay Area.
         | 
         | What I think we saw is people left SF because there's no point
         | in doing remote work from a cramped, expensive apartment. So
         | yes, it was a vote on governance. But for all SF's problems
         | it's more nuanced than "people are fleeing a sh*t-hole city."
         | 
         | (And even funnier, I live in Oakland. There was a noticeable
         | surge in people parking bikes with Caltrain tags in the bike
         | room. I'm back to being the only bike with a Caltrain tag now.)
        
       | webwielder2 wrote:
       | Serious question: what's another place in the US with mild year-
       | round weather, walkable neighborhoods (haven't driven a car in 12
       | years), and easy access to an international airport? That's what
       | SF offers me. The "SF is an unlivable hellhole" drumbeat is so
       | loud that I almost feel compelled to move (my own experience be
       | damned), but I'm not sure where to.
        
         | dopeboy wrote:
         | As someone who lives there and is taking a very hard look at
         | other towns, the answer is none. Some small parts of LA come
         | close.
        
         | [deleted]
        
         | twayt wrote:
         | > what's another place in the US with mild year-round weather,
         | walkable neighborhoods (haven't driven a car in 12 years), and
         | easy access to an international airport?
         | 
         | If you consider SF (the city) weather mild, there are a ton of
         | cities in the US that match what you're looking for. They just
         | don't have the tech orientation and cachet that you associate
         | with living in SF.
        
         | presentation wrote:
         | Too bad the USA has practically no livable cities.
        
         | AnimalMuppet wrote:
         | Don't feel compelled to move. If you don't know why _you_ want
         | out of SF, _don 't leave_.
         | 
         | Everybody who is saying how horrible it is aren't going to live
         | your life for you. Don't try to live theirs.
        
         | vincentmarle wrote:
         | Have you ever been to Santa Monica or San Diego?
        
         | nineplay wrote:
         | Do you also want a city that borders the ocean and is also a 5
         | hour drive to one of the most beautiful national parks in the
         | country? I think you might be out of luck.
        
         | rr808 wrote:
         | Agreed, California is pretty special. I think its easy to get
         | hung up on "mild year-round weather", it actually gets boring
         | and I prefer 4 proper seasons. I enjoy some snow and some hot
         | summers which means most of the country is available.
        
       | systemvoltage wrote:
       | I went to SF over last weekend and thought of stopping by
       | Walgreens (Pharmacy) to pick up eye drops. I had to call the
       | associate to unlock the cabinet doors to pick them up. Took 5-10
       | mins to just get hold of someone with a key ring the size of a
       | coconut. Every cabinet was locked from toothpaste to tampons.
       | This is at the Walgreens near Union Square which is still better
       | than other areas.
       | 
       | People are leaving because of the decline. I wish San Franciscans
       | would stop defending themselves and admit that things are
       | _actually_ worse and whatever politics they 're advocating hasn't
       | worked. This extends more generally to California (and other west
       | coast states).
       | 
       | I voted for Shellenberger for Governor of CA. Felt right.
        
         | wahern wrote:
         | > I wish San Franciscans would stop defending themselves and
         | admit that things are actually worse and whatever politics
         | they're advocating hasn't worked. This extends more generally
         | to California (and other west coast states).
         | 
         | > I voted for Shellenberger for Governor of CA. Felt right.
         | 
         | FWIW, people like Newsom openly admit the scale of the problems
         | and the roadblocks which radicalized "progressivism" present to
         | California. Newsom has even openly admitted that some of his
         | own policies as mayor of San Francisco were somewhat foolhardy
         | and naive in retrospect, including his housing and drug
         | policies. (And he did so not as a sound bite to impress voters,
         | but buried in speeches and interviews and backed up by
         | substantive reasons for why they were so.) Mayor Breed has also
         | expressed mea culpas of her own. And both have expressed
         | extreme frustration with many of the (invariably) Democrats
         | they must work with.
         | 
         | Breed's become so frustrated recently she event started
         | swearing--"less tolerant of all the bullshit that has destroyed
         | our city"--and almost seemed to lose her composure in an
         | interview when asked how she felt about Boudin's
         | policies.[1][2]
         | 
         | My voting strategy is two-fold: 1) Any politician that can
         | admit they were wrong about substantive policy issues deserves
         | my vote, period, especially when such admissions come with
         | potential cost, are unforced, and relate to relatively recent
         | policies. 2) As politics is the art of the possible, I
         | appreciate that I need to vote for someone who knows how to
         | play the game. Newsom and Breed are both savvy players, and
         | they're career players. That turns alot of people off. But
         | that's politics. Being a savvy player is a sine quo non of a
         | good politician. (And by savvy I don't mean being good at
         | soundbites or playing to voter sentiment, but know how to wheel
         | and deal and pull triggers in smoke-filled rooms--palace
         | intrigue type stuff.)
         | 
         | When a candidate demonstrates political savvy while also
         | credibly expressing some honesty and sensibility, then the
         | choice quickly becomes easy. Both Newsom and Breed have done
         | that, IMO. It's difficult for me to expect more out of them at
         | this point. One of my benchmarks for a virtuous politician is
         | Senator Russ Feingold. But Senator Feingold lost Wisconsin in
         | 2010. He couldn't match his virtuousness with his savviness.
         | Both Wisconsin and the U.S. as a whole probably would have
         | better off with a little less virtue and a little more savvy
         | from Feingold.
         | 
         | Ideas are cheap. We don't need people like Shellenberger in
         | office. They'll be ineffective. We need people who are capable
         | of hearing what people like Shellenberger are proposing, and
         | then to the degree its possible (and often it won't be possible
         | _at_ _all_ ) translate that not just into effective policy or
         | literal legislation, but a sufficient number of actual
         | legislative votes.
         | 
         | Regarding Newsom's privately sensibilities on energy policy,
         | he's personally far more conservative than you'd think. Circa
         | 2005 Newsom mothballed a donated gas power plant in San
         | Francisco, but that wasn't his first choice. He was coerced
         | into it--coerced by a lawyer friend of mine advocating for the
         | surrounding community and who defly threatend (in person, from
         | across the table) Newsom with a scorched-earth public relations
         | campaign which Newsom knew he couldn't win. Newsom,
         | understanding that politics is the art of the possible,
         | relented. It was battle he could never have won if forced out
         | into the open. By relenting he built capital--environmental
         | policy credibility--that could come in handy one day. Like, for
         | example, today:
         | https://www.latimes.com/environment/story/2022-04-29/califor...
         | 
         | [1] https://www.cbsnews.com/sanfrancisco/news/mayor-breed-
         | orders...
         | 
         | [2] https://www.nytimes.com/2022/01/13/opinion/sway-kara-
         | swisher...
        
           | systemvoltage wrote:
           | Many people do not know but Newsom's ex-wife used to be
           | Kimberly Guilfoyle:
           | https://www.kqed.org/arts/13885405/kimberly-guilfoyle-
           | used-t...
           | 
           | Now, I don't vote based on character to a certain extent, but
           | Newsom has _both_ : Terrible policies and a terrible
           | character.
        
             | wahern wrote:
             | I would find it difficult to have any respect for Newsom if
             | all I knew about him was his social and business life. But
             | the older I get the more I realize that character traits
             | are distributed much more randomly than I ever believed.
             | People want to believe, for example, that intelligence and
             | compassion tend to come packaged together. But then you
             | realize that there are quite alot of very malicious yet
             | intelligent people out there. The universe doesn't have a
             | sense of justice, at least not to the degree we expect, and
             | definitely not the degree we desire.
             | 
             | Last week I heard on the radio[1] a poem that resonated
             | very strongly me with:                 A man said to the
             | universe:       "Sir, I exist!"       "However," replied
             | the universe,       "The fact has not created in me       A
             | sense of obligation."
             | 
             | It's a poem by Stephen Crane, recited by Paul Auster during
             | an interview. Auster describes Crane as (IIRC) a proto-
             | existentialist, which explains why the poem resonated so
             | strongly with me.
             | 
             | [1] The (Mostly Forgotten) Writer Who Changed Literature
             | Forever, Again and Again, On the Media, May 20, 2022,
             | https://www.wnycstudios.org/podcasts/otm/segments/mostly-
             | for...
        
         | [deleted]
        
         | floren wrote:
         | > I voted for Shellenberger for Governor of CA. Felt right.
         | 
         | Same, but note that this was only the primary... it's entirely
         | possible we'll end up with Newsom and some other random
         | Democrat on the actual ballot.
        
           | systemvoltage wrote:
           | Unfortunately, yes. People have stopped voting based on
           | rationale and policy, but instead based on team colors.
           | 
           | For those who don't know Shellenberger, he is your classic
           | liberal running as an independent. Pro nuclear alone gets a
           | vote from me. But there are so many things he talks about
           | that are just common sense in majority of large cities around
           | the world.
           | 
           | If you're fed up with CA, please look him up.
        
             | rc_mob wrote:
             | The only voting choices you have in America are Republican
             | and not Republican. The non Republican party is a
             | disorganized mess. Its the world we live in.
        
               | plasticchris wrote:
               | Not so in Cali - there it is (almost always) a choice
               | between democrat and democrat due to the way primaries
               | are structured.
        
             | floren wrote:
             | But surely if we just vote in the same people for another
             | 30 years or so, they'll get around to solving these
             | problems!
        
         | [deleted]
        
         | [deleted]
        
       | eins1234 wrote:
       | As someone who still enjoys SF and wants to keep living here, I
       | read this as great news since I expected rents to decrease by a
       | similar amount.
       | 
       | But I just checked my apartment's website and it seems like if
       | anything the rents have slightly increased compared to the price
       | I renewed at last year!? Obviously this is a sample size of 1 and
       | doesn't reflect the overall market.
       | 
       | Curious if anyone else has real data on rent price trends. Is it
       | just my apartment or is this a case of the market staying
       | irrational for longer than I'd have hoped?
       | 
       | EDIT: data was provided in another thread:
       | https://news.ycombinator.com/item?id=31533492
        
         | truthwhisperer wrote:
        
         | some-guy wrote:
         | I'm in Oakland and I'm not in SF all the time, but it does feel
         | like Market St. / the Financial District is the most affected
         | post-pandemic, but the rest of the city feels like it's as
         | popular as ever. Lots of SF residents I know in tech are
         | working from home but are still living and enjoying the city.
        
       | draw_down wrote:
        
       | aantix wrote:
       | Especially with the advent of Starlink, you can literally work
       | anywhere and still have reliable enough Internet to make a six
       | figure income.
        
       | alaricus wrote:
        
         | thenayr wrote:
        
       | hyperpl wrote:
       | Anyone know stats on NYC? I'm having trouble understanding the
       | current true state wrt to apartment rental pricing: many people
       | left during Covid but I'm not quite sure if many of those in fact
       | returned.
       | 
       | Furthermore, it would seem as though rental inventory is quite
       | low or at least demand is through the roof (typically one needs
       | to be ready to sign on the spot) with little to no room to shop-
       | around. Prices are also quite high, I understand we have been in
       | a recent high inflation regime but I just can't help but think
       | the apartment rental market isn't as transparent as it was say,
       | 3+ years ago.
        
         | wombat-man wrote:
         | I think a lot of people got covid deals, and at over 12 month
         | leases. For example, getting a 12 month lease plus some number
         | of free months. Some of these people are still in their
         | apartments. Meanwhile, a lot of people are trying to move to
         | the city and there's just less space overall because of those
         | deals.
         | 
         | My guess is that as those leases come to an end and some of
         | those people move, the rent situation may get less crazy. But
         | who knows.
        
         | pcurve wrote:
         | price is above pre pandemic
        
         | ipnon wrote:
         | There are many incentives in NYC that prevent rents from
         | dropping. What we saw during the pandemic was static rent
         | prices with increased benefits that lowered the actual price,
         | for example last month is free so in effect rent has been
         | lowered by 1/12 while still being listed as 12/12. Landlords do
         | this for a variety of completely [redacted] reasons, including
         | price controls, taxes, vacancy regulations, credit for
         | "improvements", advertising histories. Rents do not fall in
         | NYC, they merely stop rising for a time.
        
           | eezurr wrote:
           | The main reason they do it, IIRC, is because the banks
           | handing out the landlords loans require some minimum rent
           | prices on the leases in the loan contracts. The way they get
           | around this is by offering a month or three of free rent.
           | That way the leases signed by the tenants still me the
           | contractual obligations of the bank.
           | 
           | In the end the tenant still gets screwed when the lease comes
           | up to be renewed, unless they are willing to move out over
           | negotiating another free month in the next cycle.
        
       | dijonman2 wrote:
        
         | gsibble wrote:
         | Agreed. I left in 2018 and am much happier now to not have to
         | play the game "Is that water or urine?" when I see a puddle on
         | the street.
         | 
         | Trick question.....it's always urine.
        
         | [deleted]
        
       | birken wrote:
       | One thing to note is that the 2021 population is an _estimate_ ,
       | and if you are a Census buff as I am, and compare the Census'
       | 2019 estimates to the 2020 actual populations (as calculated from
       | the census), there are often very large differences.
       | 
       | The article also says that CA's estimate of the population
       | decline is much smaller, and arguably CA itself would have more
       | accurate data for this particular metric (residency and voter
       | rolls).
       | 
       | So while I'm sure the gist of the argument is true, there is
       | probably a larger margin of error on the calculation than you'd
       | think at first glance. I'm not quite going to say the article is
       | sensationalist, but if you look at the totality of the data
       | (house prices, rental prices, CA's population estimates, etc),
       | I'm not sure the "SF is in freefall" narrative holds up.
        
         | ttymck wrote:
         | I appreciate the point you are making, so I ask this genuinely:
         | how confident are we in the census count? How confident are we
         | usually, and how did that change given the hurdles the pandemic
         | introduced?
        
           | jeffbee wrote:
           | Both the decennial census and the census ACS are estimates.
           | All population counts are estimates.
        
             | geoalchimista wrote:
             | All statistical inferences are estimates, and carry
             | standard errors with them. What is your point?
        
           | drewda wrote:
           | See https://www.census.gov/newsroom/press-
           | releases/2022/pes-2020...
        
       | karmasimida wrote:
       | Interestingly the inflation in SF, and Bay in general is less
       | than national average, and much less than hot areas like Miami.
       | 
       | I guess soon it will balance off
        
       | somethoughts wrote:
       | I think in the two scenarios you can focus on either the
       | positives or the negatives.
       | 
       | When population goes up: positive - the area is vibrant
       | economically; negative - rent is spiraling upwards out of control
       | 
       | When population goes down: positive - rent is finally affordable;
       | negative - the area is falling apart existentially
       | 
       | I think the media in general has found the negative spin sells
       | better.
        
         | akavi wrote:
         | > When population goes up: positive - the area is vibrant
         | economically; negative - rent is spiraling upwards out of
         | control
         | 
         | What's endlessly infuriating is population going up in a city
         | _should_ be an almost unmitigated positive. It 's just our
         | unwillingness to allow building new housing turning it into a
         | zero sum game that makes it a mixed bag.
        
           | visarga wrote:
           | But does the transportation capacity also scale linearly with
           | size?
        
             | mupuff1234 wrote:
             | I think we have plenty of working proof that mass
             | transportation systems work at scale (NYC, Seoul, Tokyo,
             | Berlin...)
        
             | ellard wrote:
             | The argument I usually see is that there would be less need
             | for transportation as the removal of explicit zoning would
             | be part of the effort for increasing density and that would
             | put people closer to the goods and services that they
             | want/need.
             | 
             | (I don't have an opinion on this; the closest I ever got to
             | city planning was playing Sim City)
        
         | 88913527 wrote:
         | A nuanced view of any sort of economic change will include
         | analysis would objectively consider all the pro's-and-con's,
         | and the media knows that con's sell better because of
         | heightened emotional response.
        
         | [deleted]
        
         | mr90210 wrote:
         | As a non-US citizen, sometimes I ask myself how did California
         | end up like the country where I am from, which is located in
         | the so called third world.
        
           | [deleted]
        
           | deltaonefour wrote:
           | This is an exaggeration. I grew up in the southbay and you
           | basically never see the shit you see in SF in the southbay.
           | SJ has a bigger population then SF.
        
           | Jackpillar wrote:
        
           | compiler-guy wrote:
           | The short version is that it isn't. You just hear about the
           | worst parts. There are still plenty of fully functional
           | cities and towns and the crime rate is still quite low by
           | historical standards.
           | 
           | Definitely has its problems, but the availability heuristic
           | makes things seem worse than they are.
        
             | TameAntelope wrote:
             | Yeah, this is definitely a real problem.
             | 
             | I live in semi-rural America, and I have literally never in
             | my life even seen a gun fire before. I used to live in DC,
             | for six years, and I was never robbed, accosted, or even
             | made to feel unsafe, and I had on multiple occasions walked
             | miles home from a bar after closing. It was a downright
             | pleasant way to get home if I didn't need to be up the next
             | morning.
             | 
             | America the country is basically nothing like America shown
             | on TV. It's just too big and complex to explain in a
             | soundbyte.
        
         | nineplay wrote:
         | I love SF and I'm happy the population is going down. These
         | articles are posted once a week and trumpeted as some sort of
         | victory and I can't imagine who they think is shedding tears
         | over this.
         | 
         | Sometime people wave their hands towards sad homeowners who are
         | ( maybe ) seeing their home prices go down but I own a pricy
         | home in a pricy neighborhood and as far as I'm concerned it's
         | funny money. Whatever profit I'd make from selling my home only
         | matters if I move to a place where home prices haven't gone up
         | at the same rate. There's no lower COL city that I'm interested
         | in living in so it's all the same to me.
        
           | olivermarks wrote:
           | People who own properties in SF are in a v different
           | situation to those who are renting, couch surfing, flying in
           | and out to HQ etc etc.
           | 
           | I love SF too. We moved north over the bridge 8 years ago
           | (working from home) but are in the city all the time. It was
           | spectacularly deteriorating pre pandemic (when we left the
           | Castro area the local library had just employed an armed
           | guard to keep the transients out for example) and is now
           | arguably in crisis due to the collapse of foot traffic
           | retail, rampant crime and due to the city being a welcoming
           | destination for transients who often have serious mental
           | illness (SMI) and substance abuse issues. The city - and
           | California generally - does not have the resources to triage
           | their needs but it does have a huge 'non profit' homeless
           | industry and more worryingly some areas are crowded with
           | cartel drug sellers.
           | 
           | Driving European visitor friends around a few weeks ago was
           | the first time I'd really been to all the neighborhoods in a
           | leisurely way since the pandemic abated. The wealthier areas
           | (Noe Valley etc) are relatively unchanged apart from a lot of
           | empty storefronts, but a lot of the city looks very beaten up
           | despite the gorgeous vistas, light and climate (perfect
           | weather during out tour).
           | 
           | We are at a typical west coast boom/bust cross roads for
           | California cities...
        
             | nineplay wrote:
             | SF has its problems to be sure. California has its problems
             | too though whether or not those problems are better or
             | worse than problems in any other place is unclear - the
             | media treats SF and California as though they are one and
             | the same.
             | 
             | ( I'm old enough to remember when the media treated LA and
             | California as one and the same and the SFers would snottily
             | gripe that they're not 'that' California )
             | 
             | Still I don't know of any SF problems that will be made
             | worse by the population going down. Seems to me that the
             | couch surfers, renters, etc. benefit from the lower
             | population.
        
       | outside1234 wrote:
       | It will be interesting to see how much of this is Bay Area
       | spread.
       | 
       | We've had a huge number of people move to Santa Cruz, for
       | example, so I've wondered how much of this might be the Bay Area
       | getting broader instead of smaller.
        
         | mwattsun wrote:
         | The increase in rental prices in Santa Cruz reflect that. It's
         | good for my family since we've been there 90 years but I'm
         | currently in San Jose because I can get a nicer place for the
         | same amount. It's not bad because I throw my electric bike on
         | the bus that runs over the hill every hour when I want to go
         | visit.
        
       | peanut_worm wrote:
       | San Francisco is the dirtiest city I have ever seen. It doesn't
       | seem like a great place to spend 1 million dollars on a house
       | unless you work there.
        
         | [deleted]
        
         | [deleted]
        
         | twiceaday wrote:
         | 1 million dollars might get you a two-bedroom condo. Median
         | house price is 1.6 million
         | 
         | https://www.zillow.com/san-francisco-ca/home-values/
        
         | atq2119 wrote:
         | Have you ever traveled outside the US?
        
         | mancerayder wrote:
         | I thought NYC was the dirtiest place I've ever seen, sounds
         | like there's competition!
        
           | asdff wrote:
           | Neither are as dirty as New Orleans. There's trash, there's
           | excrement, then there is rotting catfish and shellfish on top
           | of the trash and excrement and it just sits stewing in
           | stagnant, humid, swampy and hot air.
        
             | the_only_law wrote:
             | I was actually going to go there last year for a show,
             | until nature decided to try and destroy it again (though I
             | hear the hurricane wasn't too bad)
        
               | selimthegrim wrote:
               | The few weeks afterwards when the trash wasn't getting
               | picked up made me hightail it to Mobile for the duration.
        
             | selimthegrim wrote:
             | I live in the Lower Ninth Ward and based on what I saw of
             | SF last fall I'd still give that award to SF (unless
             | comparing the few weeks after Ida)
        
       | JaceLightning wrote:
       | Keep going. Needs to drop another 50% or so.
        
         | [deleted]
        
       | gamblor956 wrote:
       | In the first year of COVID. I can't comment about how SF is
       | faring these days, but LA also cleared out that first year.
       | 
       | But this year, people came roaring back. The average rent
       | increase in my neighborhood was _over 20%._ The competition for
       | rental units in some buildings is intense enough that potential
       | tenants either sign a rental agreement on the spot or lose the
       | unit to someone else willing to sign, and at least one of the
       | apartment buildings on my block has a waitlist.
       | 
       | (Also interesting to note that the city of LA was not one of the
       | top cities in terms of population loss per the Census, but
       | several _suburban_ cities in LA County, like Torrance, were on
       | the list.)
        
         | vikingerik wrote:
         | > The average rent increase in my neighborhood was over 20%.
         | 
         | Is that compared to the pre-pandemic value, or to an
         | artificially low value during a pandemic year?
         | 
         | Also consider inflation: if everything is up 8% in a year, the
         | real increase is only 12% in real terms.
        
         | logicalmonster wrote:
         | > people came roaring back. The average rent increase in my
         | neighborhood was over 20%
         | 
         | Just throwing a thought out there, but your anecdote might say
         | a bit more about inflation than about a returning population.
        
           | gamblor956 wrote:
           | No, these buildings are completely full. The average vacancy
           | for the apartment buildings in my neighborhood is less than
           | 1%. Also, you're ignoring the bit about the waitlists...
           | 
           | See also LAT article on this phenomenon, but across the metro
           | area as a whole. https://www.latimes.com/business/story/2022-
           | 05-17/california...
        
         | j_walter wrote:
         | I haven't seen any data to support "roaring back". 6-ish months
         | ago they were still saying SF rents were down 20% from March
         | 2020. Any idea how many rentals aren't rentals anymore because
         | of the moratorium impact? I know up here in Portland there was
         | a huge net reduction of rentals and prices spiked pretty hard.
         | 
         | For example: https://www.rentcafe.com/average-rent-market-
         | trends/us/ca/sa...
         | https://therealdeal.com/sanfrancisco/2022/05/02/san-francisc...
        
           | gamblor956 wrote:
           | Like I said, I can't comment on how SF is doing because I
           | don't live there. But I do live in LA, and the apartments in
           | my neighborhood have never been this full before.
           | 
           | For point of comparison: at two of the apartment buildings on
           | my block, a 1 BR 540 sq ft studio will rent for about $2800.
           | This is _up_ 16% from pre-COVID rates of approximately $2400
           | for those same units ($2200 during COVID, which is where the
           | >20% increase comes from).
           | 
           | EDIT: At one of those buildings, a 1BR is listed for $3600,
           | which is what a 2BR used to rent for at that same building
           | pre-COVID. I can't say what the 2BR rates are right now
           | because there aren't any listed.
        
             | j_walter wrote:
             | Rents are up across the country and you are right it's 20%
             | in LA according to rent.com. However equating rental prices
             | going up 12% in the past 12 months with "people coming
             | roaring back" isn't really correct. I mean inflation is up
             | >7% in the last 12 months. I wouldn't say NYC has had a
             | huge roaring back of people...but rent is up 39% in the
             | last year...triple what SF saw.
             | 
             | You can have rental prices increase and that doesn't
             | necessarily mean an increase in demand...there are many
             | external factors (supply shrinking, adjustments to account
             | for lost rent in the pandemic, inflation, etc).
        
               | gamblor956 wrote:
               | You're just ignoring contrary data to fit your viewpoint.
               | 
               | As I've pointed out many times, the apartment buildings
               | in my neighborhood _have waitlists_ for potential
               | renters, and that 's despite 20% YoY rent increases (or
               | 16% rent increases, comparing pre- and post-COVID).
               | Average vacancy is less than 1%, and that is true of all
               | of the desirable neighborhoods in LA (of which there are
               | too many to mention). _Your own citation supports the
               | rent increase._
               | 
               | These rent increases are not due to supply shrinking
               | (there are thousands more rental units on the market now
               | than before COVID), adjustments for lost rent in the
               | pandemic (that's not how rental pricing works, landlords
               | always charge market rate), and inflation (rent in these
               | neighborhoods increased more than twice as much as
               | inflation).
               | 
               | At this point, having been confronted by data showing
               | that your understanding is wrong, you need to point to
               | actual concrete evidence that your understanding is
               | reasonable and not just vague insinuations.
        
           | raylad wrote:
           | Here's rent data for SF:
           | 
           | https://www.rent.com/california/san-francisco-
           | apartments/ren...                 Avg.    Rent    Annual
           | Change       Studio  $2,911  +17%       1 Bed   $3,520  +12%
           | 2 Beds  $4,593  +6%       3 Beds  $5,701  +8%
        
             | j_walter wrote:
             | So if the average is say 12% increase (which is what
             | rent.com says right now)...that still means SF is lower
             | than before COVID started. Not to mention that the most
             | cities are seeing off the charts numbers compared to SF
             | right now.
             | 
             | https://www.rent.com/research/average-rent-price-report/
             | 
             | 36% increase in Portland, 112% increase in Austin, 36% in
             | Miami.
             | 
             | But please, feel free to down vote me for using data.
        
         | [deleted]
        
       | m0llusk wrote:
       | This is mostly an artifact. SF proper is a very small area in a
       | metro area having around 8.5 million people. If you look
       | carefully at a similar size urban core in other metro areas then
       | you will see similar results.
        
       | cheeseblubber wrote:
       | If you compare rent trends of SF vs NYC or LA
       | 
       | https://www.zumper.com/rent-research/san-francisco-ca
       | 
       | https://www.zumper.com/rent-research/new-york-ny
       | 
       | https://www.zumper.com/rent-research/los-angeles-ca
       | 
       | You'll notice a huge difference between in SF and the other
       | cities. Rent prices still hasn't gone back to pre pandemic level.
        
         | bushbaba wrote:
         | *But SF Bay surrounding communities have seen rent back up to
         | pre-pandemic levels. So this trend seems SF city proper
         | specific.
         | 
         | https://www.zumper.com/rent-research/palo-alto-ca
         | 
         | https://www.zumper.com/rent-research/los-altos-ca
         | 
         | https://www.zumper.com/rent-research/sunnyvale-ca
         | 
         | https://www.zumper.com/rent-research/san-jose-ca
         | 
         | https://www.zumper.com/rent-research/santa-clara-ca
         | 
         | https://www.zumper.com/rent-research/walnut-creek-ca
         | 
         | https://www.zumper.com/rent-research/fremont-ca
         | 
         | https://www.zumper.com/rent-research/dublin-ca
         | 
         | https://www.zumper.com/rent-research/south-san-francisco-ca
         | 
         | https://www.zumper.com/rent-research/san-carlos-ca
        
         | eins1234 wrote:
         | Well, thank you for confirming my suspicions. I wish I saw this
         | before posting https://news.ycombinator.com/item?id=31533926
        
         | yodsanklai wrote:
         | The prices in NYC are just insane!
        
           | colinmhayes wrote:
           | Apparently 3 beds are cheaper than 1 in new york. 3,695 vs
           | 3,600.
        
           | sethhochberg wrote:
           | Much like many cities - NYC included - are seeing people
           | leave because they are no longer tied to wherever they had
           | been with remote work, we're also seeing many people moving
           | here specifically because they can work remotely from NYC.
           | 
           | Available rental inventory is almost nonexistent right now,
           | vacancy rates are at the floor. Much of our new development
           | is exactly the kind of new amenity building that folks in the
           | high-earning tech remote worker crowd often seek, but its
           | still not managing to keep pace with demand. There's a
           | shortage of inventory for virtually everyone except the
           | billionaire class (not that they occupy much of the market in
           | absolute terms).
           | 
           | I've been in NYC about a decade an even in pre-pandemic years
           | that most folks agree were much more stereotypically booming
           | and I can't ever remember a housing market that was so
           | frothy.
        
         | asdff wrote:
         | Other cities seem like they have more diversified local
         | economies than SF. Probably there are more people with the
         | flexibility to work from home working in the bay area than in
         | these other places.
        
         | cheriot wrote:
         | Yes, SF has problems that are not related to the macro
         | environment.
         | 
         | nitpick: Rent prices in many neighborhoods are back up. It's
         | specific areas in and near downtown that draw down the average.
        
       | 999900000999 wrote:
       | With even hybrid work models your living a better life living up
       | in Sac and driving down once a week.
       | 
       | This is a good thing. People should vote with their feet.
        
         | jeromegv wrote:
         | Problem is when hybrid becomes 2, and then 3 days. That
         | commutes starts becoming a nightmare.
        
           | xvedejas wrote:
           | The capitol corridor train is pleasant enough, even if not
           | the most convenient of bay area transit options.
        
             | thebean11 wrote:
             | Isn't that like 2 hours each way..? That's like a quarter
             | of your day, no thanks.
        
               | xvedejas wrote:
               | Yes, 2 hours from Sac. Quite rough to do every day, but
               | I'd think pleasant to do twice a week; there's WiFi and a
               | cafe on board, for what it's worth. That said, if you
               | just want cheaper housing, Fairfield is only an hour away
               | in the same direction, so there are plenty of
               | intermediate options.
        
               | ghaff wrote:
               | I had a 90 minute+ door to door commute (which I could do
               | mostly by train) for about 18 months. I only had to do it
               | about half the time and it was manageable but probably
               | not sustainable long-term, especially for stretches when
               | I was regularly going in more frequently. Once a week
               | would be pretty doable; I go in for the day periodically
               | but nothing like once a week.
        
         | twblalock wrote:
         | You can live cheaper in a lot of cities closer to San Francisco
         | than Sac which still offer reasonable commutes. Most of the
         | east bay, south bay, peninsula, etc.
        
         | 650REDHAIR wrote:
         | You couldn't pay me enough to live and work in Sacramento let
         | alone live there and commute to the city.
        
       | shadowgovt wrote:
       | Price people out of living somewhere and the market will
       | eventually react.
        
       | throwaway0a5e wrote:
       | The most regrettable thing is that it's those who bear the most
       | responsibility for the city being less desirable (in a multitude
       | of unrelated but compounding ways) are the ones with the most
       | ability to just move elsewhere. I wish these people had to sleep
       | in the bed they made.
        
         | khazhoux wrote:
         | Your comment could be read as a slam on rich techies, or the
         | homeless, or even a specific race or ethnicity. Amazingly
         | ambiguous! :-)
        
         | anonygler wrote:
         | The idea that people who simply decide to live somewhere are
         | guilty of some moral failing is preposterous. Hold your elected
         | leaders accountable for not doing their job.
        
       | rattray wrote:
       | According to the article, Manhattan lost 6.6% (that is, even
       | more) in the same timeframe.
       | 
       | Manhattan is a much closer comparable to SF than all of NYC, the
       | lines just happen to be drawn differently.
        
       | trimbo wrote:
       | So many houses in my SF neighborhood are currently empty. They're
       | single family homes so I'm not sure of the impact on the overall
       | population, but it's been weird around here.
       | 
       | - For sale and empty.
       | 
       | - Full renovations. Guessing more than half are flipping them,
       | given the speed which construction started after sale.
       | 
       | - Investors buying homes and keeping them empty.
        
         | wombat-man wrote:
         | Some people renovate before moving in. Might as well customize
         | it before the big move if you can afford it.
        
         | RC_ITR wrote:
         | What is happening is a weird confluence of events that no-one
         | actually cares to analyze because SF is the world's most
         | politically charged city to speak about, so people just state
         | their biases vs. actually thinking.
         | 
         | The trends as I see them are:
         | 
         | 1) An increasing number of increasingly wealthy people with
         | connections to SF that choose to domicile elsewhere while
         | keeping a home in the city that is used a few months a year (to
         | your point of empty homes being kept empty).
         | 
         | 2) The temporary shut-off of a _massive_ pipeline of recent
         | college grads who fill the offices of not only start-ups, but
         | also accounting firms, consulting firms, banks, etc.
         | 
         | 3) A reduction in appetite for '3 guys in a 2 bedroom where
         | someone sleeps in the dining room' and an increase in appetite
         | for '1 guy in a 2 bedroom/home office set up,' which supports
         | price growth but not population growth.
         | 
         | 4) The fact that for the past century, SF has been a city that
         | grows beyond its means and then crashes, only to pick back up
         | again on the next cycle (SF only surpassed its peak 1950
         | population in 1990)
         | 
         | There are certainly more that I miss, but from a street-level
         | perspective, SF isn't in noticeably worse shape than it was in
         | 2000. Question is "Is post-pandemic lifestyle change similar to
         | the car (which caused that 40 year lull) or is it more
         | temporary?"
        
       | oneoff786 wrote:
       | Is there a lot of empty housing then?
        
       | sethbannon wrote:
       | Those that have "made it" are moving out of SF and the young and
       | hungry are moving in. SF has seen a wave of Gen Z inbound
       | recently. I'll take that trade anytime.
       | 
       | "the number of rental applications by people who fall into Gen Z
       | (defined as those born between 1997 and 2012) have increased by
       | 21% in the past year. Meanwhile, as we just discussed, rental
       | applications from every single other generation have been
       | lessening. Millennials, for instance, saw an 8% decrease in
       | rental activity...
       | 
       | Between 2020 and 2021, people who fall into Generation Z were
       | filling out 21% more leases nationwide, as compared with the year
       | before. When that search is narrowed to San Francisco, Rentcafe
       | says those 20-somethings had a 101% increase in rental
       | applications. They now make up more than a fifth of all people
       | looking to lease in SF."
       | 
       | https://sfist.com/2022/03/22/san-francisco-is-getting-younge...
        
         | [deleted]
        
         | antiverse wrote:
         | Majestic take.
         | 
         | More than likely, the ones that "made it" are staying where
         | they are, having bought whatever property they've been able to
         | and are now renting it out to the Gen Z'ers to pay it off. The
         | older generation, wisely, realizes there's no future there and
         | have ended their rental terms to go elsewhere where they can
         | actually afford to buy something, not having gained any real
         | estate ownership of their own.
         | 
         | Calling Gen Z'es "hungry" in this instance is, God bless their
         | hearts, insulting to common sense and rationality of things at
         | play here.
        
           | jethro_tell wrote:
           | I think there's a middle ground. I'm sure gen Z is hungry.
           | Good chunks of every generation are, on the other hand,
           | counting rental applications is a little odd.
           | 
           | There's a good chunk of millennials that are settled. They
           | aren't moving in or out. an 8% drop for a generation that is
           | about to turn 40 during a 2.5% interest rates seems a lot
           | like a few people collected the cash to buy the homes and
           | aren't renting any longer. But we'll never know because this
           | is a single stat in a whole sea of stats regarding housing by
           | generation.
           | 
           | *edit, I mean, we could know, we could go out there and find
           | meaningful data to get a full picture of what's going on but
           | I don't really care that much. Just saying that looking at
           | one stat and crafting a wonderful narrative is pointless.
        
           | onlyrealcuzzo wrote:
           | > The older generation, wisely, realizes there's no future
           | there and have ended their rental terms to go elsewhere where
           | they can actually afford to buy something, not having gained
           | any real estate ownership of their own.
           | 
           | Wise > No Future > Makes biggest investment there anyway.
           | 
           | Does not compute.
        
         | bastawhiz wrote:
         | > the number of rental applications by people who fall into Gen
         | Z (defined as those born between 1997 and 2012) have increased
         | by 21% in the past year.
         | 
         | Is this surprising or useful? Most folks get their first
         | apartment around age 21. Right now, that means there's roughly
         | four years of Gen Z renting apartments. If the oldest members
         | of Gen Z are 25, an increase of 21% is... pretty much exactly
         | how many people you'd expect to be getting old enough to lease
         | their first apartment in one year.
         | 
         | > Between 2020 and 2021, people who fall into Generation Z were
         | filling out 21% more leases nationwide, as compared with the
         | year before.
         | 
         | And this is _less_ than you 'd expect. If the oldest Gen Z is
         | 25, two years ago they'd be 23. One new year of college grads
         | _should yield_ a 30-50% bump. But the pandemic happened.
         | 
         | > When that search is narrowed to San Francisco, Rentcafe says
         | those 20-somethings had a 101% increase in rental applications.
         | 
         | Again, not super useful. Most 20-somethings leasing apartments
         | during those years are definitionally millennials (and probably
         | still are!). The pandemic changed who was looking for housing
         | and who they lived with, and the change as it affects SF in
         | 2020 is probably not a usual trend.
         | 
         | > They now make up more than a fifth of all people looking to
         | lease in SF
         | 
         | If we assume teenagers aren't leasing apartments, this is again
         | no surprise. If every decade of people (20-somethings,
         | 30-somethings...) made up an equal share, this is very
         | reasonable up to the average life expectancy. People lease less
         | as they get older, which skews the numbers towards younger
         | generations. I'm sure you could look up the numbers and find
         | out the exact distribution, but 20%+ of renters being in their
         | 20s seems...ordinary. Maybe even a bit low.
        
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