Will the real state market go down? When?

Aug 7, 2020 28 Comments

The rents are at an all-time low(or at least tenants are getting rent-free pass for few months when signing the lease).
With WFH on Fb, Google, twitter announced till next year and all other startups following same route, it would be surprising if the prices don't go down soon.
#realestate #sanfrancisco #bayarea

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TOP 28 Comments
  • Amazon
    hubba55

    Go to company page Amazon

    hubba55
    The grammar in the post's title gave me cancer.
    Aug 7, 2020 6
  • Fortinet / Other
    SwamiBro

    Go to company page Fortinet Other

    PRE
    Nokia
    SwamiBro
    Just think why would you buy a million dollar home when you can get a decent place for $250k somewhere else. All will be WFH. That leaves you with 750k. You can live 10 years at 75k year doing nothing. TC are doing to go down like crazy as companies realize this. It has already started, look for For Sale signs and you will know๐Ÿค”.
    Aug 7, 2020 5
  • Apple
    doopdoopdo

    Go to company page Apple

    doopdoopdo
    Super dense areas (TH and Condo) will decline. SFH in walkable areas will probably sit at the same prices or decline a bit once rates rise.

    Suburban housing will rise until the pandemic is over, then when people realize how boring living there is, inner city prices will rise again.

    The world is urbanizing at a rapid rate. Climate change is mitigated when people arenโ€™t so spread out. Suburbia also costs more infrastructure-wise. Urban living is the future.

    Disclaimer: I own a SFH in West Seattle and Iโ€™m not leaving because I really like it here. No need to drive and I can walk everywhere. Same with the rest of Seattle. Home value will probably decline because of the WS bridge but I bought here to be in a nice walkable neighborhood while feeling like I donโ€™t live downtown.
    Aug 7, 2020 3
    • Amazon
      bamala

      Go to company page Amazon

      bamala
      What about crime specifically? Everybody who opts to live in the city has to accept a higher crime rate. It is the trade-off that you have to make to not live in a dead, sleepy, soulless suburb of dissatisfied married couples and pimply annoying schoolchildren everywhere.
      Aug 11, 2020
    • Facebook / Eng
      needless

      Go to company page Facebook Eng

      PRE
      Lyft
      needless
      I quite like boring though
      Aug 26, 2020
  • Intel
    bosshawggg

    Go to company page Intel

    bosshawggg
    Locally, will decline in most dense areas. Nationally, will go up from Fed money printing.
    Aug 7, 2020 0
  • I think it'll be interesting to see if rents actually decrease -- not just offer lease signing deals like one month two month free, but actually become lower monthly rates.
    Aug 7, 2020 1
    • Datometry
      Passnfruit

      Datometry

      BIO
      ...Donโ€™t pick up the pieces for now. They keep falling apart...
      Passnfruit
      Actual rents have fallen around 8% yoy in San Francisco. That is huge.
      Aug 9, 2020