How the Coronavirus will affect Bay Area Housing Market

Slant may be bias, facts ain’t. You can’t tell opinions from facts, facts from assumptions, assumptions from rumors, … Which US college did you go to? UCLA?

We will see how this 100% remote trend will go. Maybe I am wrong. That’s fine. I would have learned something new. So far I haven’t seen any data to back up the rosy claims. When are you going 100% remote yourself? Will you be moving out of WA?

A proposed California Senate bill could give out-of-work tenants in the state 10 years to pay back unpaid rent due to loss of income related to the coronavirus pandemic. The Democrat-backed proposal, Senate Bill 1410, was put forth by Senate President Pro Tem Toni Atkins, D-San Diego and Senate Majority Leader Bob Hertzberg, D-Van Nuys.

In effect, it would force a landlord to to make a deal with tenants, or a “rent stabilization agreement,” before evicting them due to unpaid rent during the pandemic. It would then give renters until 2034 to make up the unpaid payments, in increments if needed. They could also be eligible for loan forgiveness. The state would assume the financial burden, and in exchange, landlords would receive 10 years of tax credits equal to the amount of rent unpaid by the tenant.

Should the tenant decide to pass on the deal, the landlord will need to get a signature-verified document to prove that he or she made an attempt to come to an agreement. The bill goes to a vote Thursday.

https://www.sacbee.com/news/politics-government/capitol-alert/article243604527.html

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I did a quick search on this thread for members who have claimed 100% remote. The search results were as expected.

The biggest problem I have with “100% remote work is taking over” proponents is that their arguments are logically incoherent. Will Covid will be here forever? Will there be a vaccine? How will schools operate? Will people vacation in Disney world and taking cruises? Apply the same logic and see if you agree with your own predictions.

meaning no one’s gone remote? :slight_smile:

So Facebook saying that 50% of jobs will remote is what? Twitter and square saying they are allowing employees to go 100% remote is what? All the company announcements allowing remote are what? Clearly, you don’t consider them data.

I’m 100% remote through at least the end of the year. I’m not sure about after that. The company has said 50% of roles will be 100% remote.

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So total number of personnel in your company is not 100% remote.

That’s intention. If a company says they will double sales in 5 years would you take that as a given they will achieve that?

:+1:

Similar throughout companies in Bay Area.

No one has said companies will become 100% remote.

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Eggxactly

Lol. So you think companies are lying about it. Ok. Go ahead and ignore it then.

Not lying. He may think he can achieve 50% of personnel being 100% remote. I have doubt. That’s all. We will see. But do wake me up when that happens.

By the way significant portion of tech company HC being 100% remote is very bullish for Bay Area as a tech hub. Will consolidate its dominance over 2nd tier wannabes like Austin.

After a spike in cases, authorities in Austin, Texas, announced the city would extend stay-at-home orders for another two months.

The city is now in Stage 4 risk, which is the second-highest and will remain under the orders until August 15, Mayor Steve Adler announced.

“Wear a mask when you go outside & don’t go places where people aren’t wearing masks. New orders encourage businesses to require social distancing & face coverings while in Stage 4,” Adler said in a tweet.

The decision came after the city recorded a seven-day average of more than 20 hospitalizations a day, Spectrum News reported.

Ok. So you’re smarter than Zuckerberg, Dorsey, and other CEOs. I will place my bet with the CEOs running tech companies not someone who hasn’t worked in tech in over a decade.

There’s no way it’s bullish for bay area RE if company HQs will have 50% fewer employees working in them.

Didn’t say it will be bullish for RE. Just said it will guarantee there won’t be any tech hubs other than the big three: BA, NYC and Seattle, if 100% remote workers will be as prevalent as you claim.

For BA RE in particular I am not so sure. It may be bullish or it may be bearish. Not smart enough to predict.