| Only in the short to medium term... the characteristics which make SF an attractive place to live (just like NYC) are resilient and sticky. If you consider a post-covid world 5 years from now, do you think that SF with it's museums, bars, restaurants, and proximity to nature will be an unattractive place to live? Do you think that remote-first/remote-only companies where the majority of employees are outside of the bay area will be as competitive with startups which follow a more traditional model in silicon valley? Both are things I wouldn't bet on. This is a blip. It could be a major blip, but it's a blip nonetheless and those who are betting in the complete other direction are likely to get burned. |
The San Francisco of today is very different from 10 or 20 years ago, and will be very different 10 years from now. This is recoverable, sure, but its not guaranteed, and its absolutely a change of course for this city and others.