California

Anatomy of San Francisco Now: Fewer People, Jobs, Tourists, & Businesses, But More Spending by the Hangers-on (But that Was Inflation)

by Wolf Richter • Jun 27, 2021 • 162 Comments

The recovery as it were, after everything went to heck but didn’t.

China’s Capital Controls & Crackdown on Conglomerates, the US Shift to Working from Home, and San Francisco’s Historic Office Glut Leave Big Ulcer

by Wolf Richter • May 24, 2021 • 114 Comments

Trends converged on the mega-construction project Oceanwide Center in San Francisco.

Airbnb Shows How San Francisco’s Office Shortage Is Suddenly a Historic Glut: Hogging Vacant Space for a Future that Never Came

by Wolf Richter • May 19, 2021 • 142 Comments

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.

OK, California Housing Market: First-Ever Population Decline Meets Biggest Home Construction Boom since 2008

by Wolf Richter • May 9, 2021 • 233 Comments

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.

How California’s Cities Strangle the Permit Process

by John McNellis • May 8, 2021 • 105 Comments

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.”

Now Even Google Caves under Demand for Permanent Work from Home, Another Blow to Bay Area Office Market

by Wolf Richter • May 5, 2021 • 139 Comments

“The future of work is flexibility,” CEO Pichai told employees today.

It’s Not Over: Rents in San Francisco Down 30%, in Silicon Valley Down 19%, both at Multi-Year Lows. But Inland Rents Spike

by Wolf Richter • Apr 29, 2021 • 54 Comments

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.

How the “Affordability Crisis” Migrated from High-Income Rental Markets, as Manhattan & San Francisco, to Lower Income Markets, as Detroit & Fresno

by Wolf Richter • Apr 9, 2021 • 253 Comments

The distortions caused by the shift to working from anywhere are hitting households that can least afford it.

Office Slump Gets Ugly in Houston, San Francisco, Los Angeles, Manhattan, Chicago, Washington DC

by Wolf Richter • Apr 5, 2021 • 120 Comments

This isn’t a blip.

As “Rent Spreads” Shrink, Exodus Ends? Rents in San Francisco & Silicon Valley at Multiyear Lows, but Soar in Sacramento, Fresno, Lake Tahoe Area

by Wolf Richter • Mar 26, 2021 • 150 Comments

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.

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