While home prices typically keep pace with inflation, the meteoric rise in San Francisco home prices has outpaced even the most optimistic expectations.
Similar situation has played out globally for Real Estate in Tier 1 cities.
Working From Home Permanently
Jack Dorsey fired the first salvo, offering Twitter employees the option to permanently work from home. This was followed a few days later; by a similar announcement for Square.
“We want employees to be able to work where they feel most creative and productive. Moving forward, Squares will be able to work from home permanently, even once offices begin to reopen”
Challenges of San Francisco
In the last decade, San Francisco has gotten bad to worse. I’ll be the first to admit this unfortunate fact.
1. Lots of local businesses have shutdown and it is hard for new ones to open or operate due to onerous San Francisco regulations.
StartupsAnyone who talks about remote work; has never worked in a startup environment. In the early days of founding a company; it requires almost a 24*7 dedication to working on several issues all at once with everyone pitching in, irrespective of their skills.
San Francisco Bay Area is more than San Francisco city. In fact, the movement of startups to the city has been a more recent phenomenon. Most of the accelerator programs have been centered around Stanford campus in the San Mateo and Santa Clara counties.