Saw some speculation there may even be automatic green cards for STEM advanced degree grads. Huge boost for our competitiveness and great for our local RE.
You have to come up with a creative solution 
Is your job to make it work 
People are still moving out even in winter. I am sure Jill have to revise his assumptions about Silicon valley.
CA and SFBA RE bubble is all set to pop before next round of growth.
I was in San Francisco today. First time in 3 years. It was 67 sunny and beautiful. Sorry but covid19 won’t change that. This down turn is a buying opportunity and you know it.
5 Likes
Exactly my plan in SFH in SF. Price still doesn’t come down and good ones got snatched up quickly.
2 Likes
Any specific neighborhoods you are looking at?
There were several fixers in SF in May/June in the 600s and 700s near Bayview. All gone now and don’t see anymore like that.
Still browsing around. But mostly on western part of the city with some view and good walkability. Better if they need TLC. Let me now if you see anything interesting 
Many delusional landlords and some delusional renters in SF.
https://www.zillow.com/homedetails/2432-Folsom-St-San-Francisco-CA-94110/2081944709_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
This guy has been trying to rent his apartment for last one year. Started at 7500 and now at 5500 asking rent. I wonder if he can rent it out at even 3000 cos that’s still way higher than much better homes elsewhere. Only tech ppl can afford that kind of rent and they are not coming back.
https://www.zillow.com/homedetails/940-York-St-San-Francisco-CA-94110/2091897076_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
Here is another one high on weed. Reduced from 6.5k to 4.5k. I bet no one will take it even at 3k at which neighborhood apts are sitting.
With SF downfall I really wonder if all SF landlords are high on now legal weed.
Rents are down to half and taxes and costs are only going up. RE is not an asset anymore, it’s a liability. When will they wake up?
Are you expecting this is a secular trend because of WFH?
Btw, careful not to lump SFH with apartments/ condos. The two markets are only loosely correlated.
Anyhoo, I have never like SF. If I want to stay in an urbanized city, I will stay in Singapore. America is about suburban living
Yes at least for next several years. As you said American future is all in suburbs distributed nationally. SF downfall then SFBA downfall. Money always flows to the best yield like water; with permanent WFH people will flow to the best cost to quality of living. and SF and SFBA sits at the bottom. SFBA is dead in the water.
This short term bump is even more disturbing. I remember just before dot com bubble burst people could not stop buying zombie companies. These guys will lose their pants and socks.
Secular trend means 5+ years.
Centre of tech is SV not SF, downfall of SF urbanized living doesn’t imply downfall of SFBA. SF became par with SV as a tech hub about 5-10 years ago because of the startups which employ mostly singles and DINKs. These guys love convenience and the nightlife. With the closing of bars and restaurants, SF is not that attractive. However, once those are open, they will trickle back but just not sure it would return to pre-Covid. The reason is some startups could figure out how to WFH so it is not necessary to go back to SF.
Talk like @HK2 
Two avatars?
RE prices in SV only suffer a short downtrend - I think is about 6 months, it bounces back fairly quickly. I arrived in 2002 and bought a townhouse in 2003. Ever since then, is up up and away till 2007. Bottom in 2009, and up it went again. Recent decline started in Oct 2018 and now is 2+ years, and is re-bouncing. So hard to believe it would go down again so soon. Btw, still talking about SV. I have no idea of SF market - didn’t bother to monitor.
Btw, price appreciation in Austin is crazy, first time in history. Something I have expected to happen when I first invested in Austin, happen earlier than expected. Few bloggers in the forum think is foolish to invest in Austin 
1 Like
It seems SoCal is on fire.
1 Like
I guess Bay area will be getting more Asian so some one want different culture.
“Miami is an incredibly beautiful city, cosmopolitan, has an interesting mix of New Yorkers, Latin Americans, and Europeans,” he told conference members.
“Living in the Bay Area for 20 years, it’s just like, all the things you wish you had,” Rabois concluded.
Transfer tax rise has started.
https://ballotpedia.org/San_Francisco,_California,_Proposition_I,Real_Estate_Transfer_Tax(November_2020)
San Francisco Proposition I, a real estate transfer tax measure, was on the ballot as a referral in San Francisco on November 3, 2020. It was approved.
A “yes” vote supported authorizing an increase to the transfer tax rate on real estate sales and leases of 35 years or more, to 5.5% on transactions of $10 million to $25 million and to 6% on transactions of $25 million or more, generating an estimated $196 million per year.
“Miami is an incredibly beautiful city, cosmopolitan, has an interesting mix of New Yorkers, Latin Americans, and Europeans,” he told conference members.
That is, no Asians 
Caucasians use to flee to PA and Atherton for that
Anyhoo, is he fleeing from SF or SV? New definition of SV includes SF?
SF and BA are done. There are deniers on this forum.
My experience is that white people build great software foundations. Indians and Chinese do everything else like incremental improvements test maintain etc. but can’t write great foundational thing - with white flight, SV is over.
They are so done that you are actively seeking to buy properties in the same area?
6 Likes