How the Coronavirus will affect Bay Area Housing Market

Except your upper management may WFH also.

Are you saying you should live close to where they live, ie. not Iowa?

:thinking:

No. You’re not going to hang out with them outside of work especially when everyone is WFH. My company is thinking hard about the lease situation since it’s up for renewal next year.

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Everybody holing up in their houses only makes sense while the pandemic is still going on. Don’t extrapolate too much from the current trend is all I’m saying.

In other words, don’t bet against human nature.

The pushback might come from some people who exist by schmoozing, without doing any real work(such as asking for “TPS reports” OR people skills person
i.e. refer movie Office Space :slight_smile: ). The more powerful they are in the organization more the WFH “experiment” succeeding is not good for them.

Also, some companies who might have spent vast amounts building large campuses might think of sunk costs. But my guess is for most large companies that “sunk building costs” are a tiny fraction of their revenue. For small companies who are leasing, saving on leasing costs in an expensive place such as Bay area might be the difference between breathing and drowning.

I WFH a lot of the time. I have 2 colleagues in France who have been WFH for the last 15+ years and doing fine.

My wife thinks she works more now that she is WFH. And she is happy she can save on commuting time.

Personally, I think if someone did not work in the past when present at Office building, they would do the same now for WFH and vice versa. Because, for most organizations there is a target for work in terms of dates and volume of work. That shouldn’t change whether WFH or not.

Having said that @manch is probably right, hard to bet against human nature.

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there’s a HUGE difference in someone being able to wfh permanently and then also having to 100% homeschool their kid - working parents can’t do this and I don’t see people all of a sudden quitting their jobs to school their kid full time. Maybe in short term due to virus concerns but not long term.

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If work from home picks up steam working parents save so much on child care that they might decide to go part-time. In fact there are some unsolicited remote part-time consulting gigs coming out of nowhere already.

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A new survey from Zillow, conducted last week by The Harris Poll, finds 75% of Americans working from home due to COVID-19 say they would prefer to continue that routine at least half the time, if given the option, after the pandemic eases.

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Are you moving to Iowa soon? :scream:

No income tax state is the way :dark_sunglasses:

Austin or Seattle?

Florida is only good for retiring.

For the price of a one bedroom apartment in SF you can rent a $1m house on the water in Tahoe Keys. About $3500/m for a 4 bedroom with a boat dock and lake access

I am responding to an offer on my apartment building. A one bedroom rents for $950. Two bedroom $1300/m. Houses are about $2200 for a 3/1 in a modest neighborhood.

I remember @harriet was also thinking of heading yo Seattle when I was ranting about Seattle couple yrs back. :slight_smile:

…and I’m still stuck here. :frowning:

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Good memory @notabene :slight_smile: In fact I was planning to scout later this year had this Corona catastrophe not happened.

You made the right choice @notabene. Not so sure about the other person. :thinking:

I don’t work only to make money. There’s a reason I didn’t become a teacher…I don’t see people signing up for that

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