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View Poll Results: Los Angeles vs San Francisco
Los Angeles 53 52.48%
San Francisco 48 47.52%
Voters: 101. You may not vote on this poll

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Old 05-04-2015, 12:32 PM
 
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^^^SF will have a correction and prices will come down at some point. It will still be outrageously expensive compared to everywhere else, including LA, but may become cheaper than NYC again (that would be the hope at least, at hopefully not too much economic cost). There's always rent control if you can get in cheap, make connections for future rent control transfers, etc...still not cheap by any means, but instead of paying $4K for a studio, you can find one for $1500-2000. If this is the issue...
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Old 05-04-2015, 12:43 PM
 
Location: Tokyo, Japan
6,479 posts, read 7,726,682 times
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Quote:
Originally Posted by anonelitist View Post
^^^SF will have a correction and prices will come down at some point. It will still be outrageously expensive compared to everywhere else, including LA, but may become cheaper than NYC again (that would be the hope at least, at hopefully not too much economic cost). There's always rent control if you can get in cheap, make connections for future rent control transfers, etc...still not cheap by any means, but instead of paying $4K for a studio, you can find one for $1500-2000. If this is the issue...
What do you mean by price correction?

Usually that implies that prices are escalating rather quickly relative to the amount actually demanded versus the amount being supplied. The San Francisco Bay Area across the board has among the lowest vacancy rates in the entire country (and world while we're at it -- particularly for office space). That signifies a real need, not over-saturation due to speculation building. See the bidding wars in San Francisco, that is not going to stop anytime soon, even if there is a slowdown.

The more plausible case for the San Francisco Bay Area is that price appreciation will slow down at some point, which is a given from the torrid pace it is on right now, but it will not be "correcting" itself and "coming back down" either. Prices will continue to go up, likely in a more subdued rate relative to right now.

Price correction is for places like Phoenix, Orlando, Las Vegas, and Atlanta that have in previous boom cycles overbuilt, oversupplied, and such. Even those cities have low vacancy rates now, out of real necessity, but eventually will start rebuilding more than what is needed -- since the Sunbelt boom is back and I don't see the Sunbelt learning from previous mistakes -- in market supply and demand.
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Old 05-04-2015, 01:38 PM
 
Location: LoS ScAnDaLoUs KiLLa CaLI
1,227 posts, read 1,119,356 times
Reputation: 1179
Quote:
Originally Posted by nslander View Post
Badass! I'm going with a Lambo with spinners.
Can't go wrong with either! Although since you live in the LBC, I would keep that in a garage. You wouldn't want to see your Lambo on tinder blocks tomorrow, would you?

If money were really no concerns, would most of you guys really choose to hem yourself into one place or the other?

Are you kidding me? I'd be pretty much on a jet all the time travelling the world.
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Old 05-04-2015, 01:49 PM
 
Location: LBC
4,155 posts, read 4,301,090 times
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Quote:
Originally Posted by Lets Eat Candy View Post
Can't go wrong with either! Although since you live in the LBC, I would keep that in a garage. You wouldn't want to see your Lambo on tinder blocks tomorrow, would you?

If money were really no concerns, would most of you guys really choose to hem yourself into one place or the other?

Are you kidding me? I'd be pretty much on a jet all the time travelling the world.
Yeah, these kinds threads are all kinds of stupid. But here I am.
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Old 05-04-2015, 01:54 PM
 
Location: LoS ScAnDaLoUs KiLLa CaLI
1,227 posts, read 1,119,356 times
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Originally Posted by nslander View Post
Yeah, these kinds threads are all kinds of stupid. But here I am.
Beats studying for finals, man.

Some threads on CD are more difficult to understand than Agency Law under RUPA.
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Old 05-04-2015, 02:33 PM
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Location: Western Massachusetts
45,751 posts, read 39,686,242 times
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Quote:
Originally Posted by NOLA101 View Post
Yes, this is exactly true.

New Yorkers really like LA, in general, because LA is something different. It's doing it's own thing. If you leave NYC for another U.S. metro, you generally aren't looking for an urban-type city, because, compared to NYC, there are no urban-type cities in North America. All the other major cities will leave you bitterly disappointed. There isn't even a U.S./Canadian city with even 1/10 the high density core as NYC.

This is why LA and Miami are so popular for New Yorkers. They're different. No one wants some cut-rate, budget, scaled down, 1/10 the size and quality urban center. If they wanted urban, they would stay in NYC.
From the people I knew in the NYC area, San Francisco had more interest than Los Angeles. Boston also had a lot of interest. The bolded is a big assumption. San Francisco is nowhere near New York City's scale or size, but so what? It stills has a significant chunk of walkable more "traditional city" layout. A lot of New Yorkers do like that sorta thing, but would like a city that's not quite as overwhelming large and crowded. San Francisco has an attractive setting and various other image factors that give it a good reputation. It has somewhat a different culture and attitude which some may find refreshing, others irritating.
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Old 05-04-2015, 02:33 PM
 
Location: LBC
4,155 posts, read 4,301,090 times
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Quote:
Originally Posted by Lets Eat Candy View Post
Beats studying for finals, man.

Some threads on CD are more difficult to understand than Agency Law under RUPA.
That should be against the Geneva convention.
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Old 05-04-2015, 03:59 PM
 
Location: Peterborough, Ontario
98 posts, read 96,175 times
Reputation: 99
I really had to think hard about this one.

I think if money was no issue then I would prefer San Francisco. My only concern would be the fact that I see San Francisco beginning to resemble a living museum over time and I can see it becoming a very dull city if there isn't an injection of reasonably priced real estate.

I love L.A. as well, but there isn't any district in L.A. that I like quite as much as San Francisco.
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