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
first ring suburbs, Menlo Park, Palo Alto, SF. Some employees might go WFH in Mendocino, Marin and commute in 1-2X week though so that might the balance of real estate values.
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Gotch. you think property values will go down? My guess is wealthy burbs and neighborhoods like Palo Alto and Noe Valley will still be rising . However, lot of East bay may stabilize
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Inner Bay Area city budgets