Winners & losers from today's WFH announcement:
Bay Area renters
Startups that want a presence in the Bay
Parents/mid-career (esp. moms!) that want WFH
POC that want to work from diverse cities
Budgets of second-tier US cities
Property owners in Santa Cruz, Napa, etc
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everything is bleak :/ all state and local governments' budgets are hammered in the short term (current + FY2021), but there's of course variance (what are revenue sources? what were finances like pre-COVID? etc)
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am less certain the longterm and big picture...esp. uncertain how housing is going to be impacted. Menlo Park has a lot of vacant commercial buildings and did so pre-COVID, also has several, large new developments in progress...but with option to work remotely, will demand ease?
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