Amid record surge in luxury house sales.
The recovery as it were, after everything went to heck but didn’t.
Trends converged on the mega-construction project Oceanwide Center in San Francisco.
They all did it, from Salesforce, Uber, and Twitter on down. It was pure magic, a show produced with enormous hype. Now they’re all trying to get out at the same time.
The state lost 182,000 people in 2020, but added 100,000 homes, for 270,000 people. Los Angeles lost 52,000 people, added 18,000 homes. San Francisco lost 14,800 people, added 4,000 homes.
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.