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by ghaff
2229 days ago
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Furthermore, while it can probably be overstated, it wouldn't be surprising to see a fair number of people--perhaps mostly renters because they can pick up and leave more easily--who have second thoughts about city living. Why risk living in close quarters if this may be a recurring pattern and pay a premium for doing so. Not so much the Bay Area but there are a lot of cities where you can get a lot more space for a lot less money by moving out to even a fairly close-in suburb. |
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As for space, cities have lacked space for as long as cities have existed but people continue to migrate for the opportunity. I wouldn't be surprised if housing prices drop from short-term rentals reentering the market as single-family homes or long-term rentals.
The decision is not so clear cut.