The city’s building inspector confided, “I don’t know why anyone would ever pull a permit for an apartment remodel; the cities make it so difficult.”
“The future of work is flexibility,” CEO Pichai told employees today.
The US rental market has been thrown into turmoil. But in no major city have rents plunged from so high by so much so fast as in San Francisco.
The distortions caused by the shift to working from anywhere are hitting households that can least afford it.
This isn’t a blip.
At what point does the shrinking difference no longer justify the move? But wait… the Exodus for the Sierra Nevada isn’t driven by savings.
The market is working on a solution to the “Housing Crisis” and “Exodus.”
Massive Pandemic Shifts that triggered plunging rents in the most expensive cities and surging rents in cheaper cities still on display.
But working from anywhere has cost cutters drooling: “All expense categories benefited from lower facilities related costs, driven by our employees working from home.”
Even the huge used-vehicle market got knocked down, except for older, cheaper used vehicles.