How the Coronavirus will affect Bay Area Housing Market

For sure 7x7 :-1: Stop hiding under the skirt of BARE.

@manch is a master of make-up.

7x7 is behind Austin.

Sure…

:rofl:

My company implemented permanent WFH for everyone last week. They vacating the leased office.

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Another piece of data for @manch. Some people won’t change their mind despite new data/ signals indicating original decision is wrong. Hysteresis?


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@manch to take note. Price in 7x7 dropped -4.1% despite plenty of startups while SV that matured businesses are is up 2.2%.

I agree with manch. People forget things very easily. Once life goes back to normal you will see people being ok with being back in the office. definitely not 5 days a week, but periodically. I don’t think you will see most companies going 100% remote.

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Looks like home values are holding pretty well.

Why is this data against my thesis? I thought I have been very clear in singling out the long term effect. Of course most people are 100% remote right now. What is the point of arguing the present? Just open your eyes and see.

What I disagree is this being the structural secular trend after Covid is no longer a mortal threat. What happens after kids are back in school and everything else returns to normal say in June 2021? Will adults continue to be scared to come back to the office but fine with sending kids to schools and daycare? People go back to traveling by planes and even cruises but somehow working in an office is deemed too dangerous? Again, simple logical coherence.

That’s like an opinion man.

Will people moving to the suburbs want to commute into cities or WFH?

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The problem is nobody in this forum said the bold words. So @manch living in illusion.

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Talking in English is meaningless. It mean you’re talking cock. Put some hard numbers. Otherwise, sound like my view too. Is not a black and white, we are already in 3D TV, not even just color. The issue is where is the steady state after Covid scare is over.

White - Back to pre-covid.
Black - 100% remote.
Reality is somewhere in between.
Where roughly is for debate.
So put in your f… number! for us to understand clearly. Don’t use English, too vague, is for liberal arts and politicians. Hard numbers please, can use range, no need exact number, please keep range within reasonably bound i.e. don’t say 0-100%, say 80-85% of sort.

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The problem I see for myself is that while I might enjoy working remote for one of the employers who are touting this perk, what would I do if I became disillusioned and my new employer does not offer this perk.
Should I still be holding onto my house in the peninsula/south bay/sf as insurance? I’ll admit this is more of a conundrum for homeowners and less for people who are single/no kids/have fewer anchors.

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I’m confused. Wouldn’t you find out during the interview process?

Companies move in a pack when it comes to salary and benefits for an average employee. If one company is offering remote work, chances are many others will do the same for similar work. For an extraordinary employee, they will go an extra length.

Remote work is here to stay in some shape and form.

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So I see people are confused by 100% remote. No, it doesn’t mean employers will get rid of their offices and going virtual. I am saying most tech firms won’t be having a significant portion of their workforce being 100% remote.

I use the word “100% remote” to draw distinction between someone who has say two WFH days a week but stay in the vicinity of the office, versus someone completely out of the area and being 100% remote. 100% remote is a description of the worker, not the workplace.

So I am betting Facebook won’t have 50% of their payroll being 100% remote. @marcus335 predicts 20% of Bay Area tech firms’ payrolls will be 100% remote in 5 years. I disagree.

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