I’m not in SV or RBA but I seriously kinda wishing for no appreciation or even some decline for the next 3-5 years. It’s too expensive. The cooling off period will give people time to catch up a bit or at least adjust…
I know, just me.
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From managers perspective - everyone needs to be in at work by 8 am.
From workers perspective - No worries. I can get a lot done at home. I will make sure to see you at socials and happy hours.
It’s not happening. People are productive from home and will want to have it. The “spontaneous interactions” fostering new ideas can also happen while on Zoom. And they weren’t happening in structured in person meetings anyways. They were in spontaneous conversations.
So remote + in person social events ( say once a week optional lunches) could easily maintain the same level of creativity.
I agree with @caiguycaiguy - it would not be such a bad thing if SV/RBA has little or no appreciation for next 3-5 years. Let East Bay appreciate, and Pleasanton become as expensive as Cupertino.
For those of us living here in RBA, it is really not that beneficial for our houses to keep skyrocketing - does not really make much difference if the home is valued at 3M or 4M, unless one is selling. If home price skyrockets, then lot of other prices, esp for services, go up in tandem. So, I would be happier with modest or little appreciation for next few years.
excessive asset price inflation leads to deflation which is worse for borrowers and governments try to avoid (because governments and big borrowers do not want to pay back and want inflation to kill any liability). Excessive home prices in RBA are not sustainable and not supported by the value these homes provide at current price either to investor or someone purchasing to live.
You are correct. It does not make any sense that all one can get in RBA for $3M is a 1500 sq ft rancher which is not even remodeled on 6000 sq ft lot.
I think we have reached a peak in prices, and they will drop 10-20% in the next couple of years as interest rates gradually go up.
RBA is still cheap when compared with premium neighborhoods in other countries. Wonder what is supporting Paradise Vally home prices…
WFH may benefit BA as well. Folks can now reach out and hire BA talent – there are just a lot of people who is not ready to move from BA.
People have been moving to south (like Paradise Valley) for a long time. Could people be trying to escape onerous cold months of the Northern Planes and great lakes area, and woke governments in those regions?
so paying a premium to escape woke governments is more sustainable than RBA growth fueled by long history of innovation? 
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Civilizations are formed around migrations. Migrations are not new.
RBA does not have a long history of innovation. It only goes back to about 50-60 year that too started by the people who came from outside.
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We need more domestic migration. Migration has been slowing way down in the USA.
Before we prepare for domestic migration at large scale, we need good mobility even within bay area. (should I repeat - 200 miles of 8 lane freeways?)
@erth You have to understand that there is reality and there is what you want / desire / philosophically believe in, and feels like there is a big disconnect between the two. 
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Please share the reality I am not seeing.
I am not saying that you don’t see the reality. You just don’t like it, and feel that it is not sustainable, and you want to see something else. Where will you find space for a 8-lane / 200miles freeway expansion connecting entire BA?
Space is not a problem. Lack of political will. And too much wokism
What makes you think that wokism is preventing this? What if not everyone is even convinced that this is the right solution to the problem? Not sure even if the problem is well defined here as you brought this in context of domestic migration. Not expecting a direct answer from you – it is mainly for you to think and realize that perspectives can be different.
Consensus does not mean correct, That is clearly visible in how Bay Area is responding to the challenges ahead of it. Lack of understanding of the real problems and desire to solve them. We are in the same trap that leads to decline of society. History is witness to it,