San Francisco loses super star status (San Jose, Berkeley: best suburbs, rent, salaries)

[aslowdodge]

I know some are going to say it’s nothing, but even though I left the Bay Area, San Francisco was a place I told people about with pride.

https://www.yahoo.com/news/san-franc...230829214.html

[Ruth4Truth]

Originally Posted by aslowdodge

I know some are going to say it’s nothing, but even though I left the Bay Area, San Francisco was a place I told people about with pride.

https://www.yahoo.com/news/san-franc...230829214.html

It only was rated as a number one "super star" city in the context of growth. The fact that it's no longer experiencing exploding growth is a good thing (rents/RE has gone down, so it will produce fewer homeless, one can hope), while it's still a beautiful city. The photo at the top of the article was gorgeous.

[sav858]

Originally Posted by Ruth4Truth

It only was rated as a number one "super star" city in the context of growth. The fact that it's no longer experiencing exploding growth is a good thing (rents/RE has gone down, so it will produce fewer homeless, one can hope), while it's still a beautiful city. The photo at the top of the article was gorgeous.

"The rankings take into account new job creation, the cost of living and salaries, as well as housing affordability and access to broadband for the first time."

The report noted: “California’s usual standouts, including No. 24 San Francisco and No. 22 San Jose, dropped to Tier 2 of the index due to the high cost of housing and a strong negative shift in short-term job growth. This may indicate the outsized effect of the coronavirus pandemic on so-called “superstar cities.”

[Faithfullizhe]

Originally Posted by aslowdodge

I know some are going to say it’s nothing, but even though I left the Bay Area, San Francisco was a place I told people about with pride.

https://www.yahoo.com/news/san-franc...230829214.html

San fran was great in the 1980's

[RMESMH]

Originally Posted by aslowdodge

I know some are going to say it’s nothing, but even though I left the Bay Area, San Francisco was a place I told people about with pride.

https://www.yahoo.com/news/san-franc...230829214.html

Interesting link .

I just got back (to the Houston metro)...earlier this month....from a 4 + month trip to SC, NC, GA, MS,, LA, FL, and a bit of VA, WV, and AL.

I noticed a lot of CA plates in NC, in both the Research Triangle Area and the Piedmont Triad area, as well as some in different parts of SC, some in Savannah, and some in Louisiana.

[18Montclair]

The Milken Report is not the determiner of a city's "superstar" status. What a silly article title.

Another report released this week places SF 2nd in the world(after London) as far as investment desirability.
https://www.schroders.com/en/schrode...-cities-index/

So SuckitProvo

lol

[citylove101]

It seems that most people leaving San Francisco are still staying in the Bay Area:

https://www.sfchronicle.com/bayarea/...r-15955527.php.

When this pandemic is over, I suspect many will return, along with the usual slew of newbies who are stlll awed by the area’s cities, opportunities, and natural beauty.

I think the same dynamic is true here in NYC. Many have left in 2020, but most have stayed in the tri-state region, and many of these folks, especially the wealthiest, will probably return when the pandemic is under control.

You can’t keep a good city down.

[misspickle]

I've lived in the SF Bay Area for all of my 40+ years of life, minus four years at Davis. SF has always been a city that I avoid whenever possible. If I want bums, drugs, poop, impossible driving conditions, and nowhere to park, I'll just go to Berkeley and avoid bridge traffic. I go for Dreamforce and TrailheaDX (back when seeing people in person was a thing), and that's enough for me.

It makes sense to me that people don't want to pay $5k rent to live in that city any more if they don't absolutely have to. But as others have said, they'll probably be back.

[TheseGoTo11]

SF has self destructed with overcooked liberalism. But I still think this region has the best suburbs in the country in terms of jobs, activities, weather, and scenery. And unlike LA, the needles, poop, and crazy are more geographically concentrated. You can't drive through the Caldecott to freedom there.

[Ultrarunner]

Someone posted Realtors in Bay Area suburbia should send Thank You cards to SF leadership for spiring business.

The precipitous drop in SF rents reflects this.