A lot of the fire, heat and policy-making on the Peninsula lately has been driven by the belief that we will be adding more of...well, everything. Except perhaps affordable, local entertainment. Rent control. Affordable housing. Mass transit. High density. Subsidized X, Y, Z and back to A. ADU's. UBI. Free lunch. What if it's all just BeeEss?
You can find polls and surveys to support or contradict any position you choose. But you can't deny the fact of open market pricing. Not the engineered, subsidized, hidden-cost stuff like renewable energy. I'm talking the "walk into a place of business and get a price quote" response.
Here's the "walk-in" price that caught my eye this week. A friend of a friend is moving to Portland. I know, I know--really? Now? He's got remote work status until..... who knows when. She can transplant her practice anywhere. All that aside, the cost to rent a truck to move your stuff yourself to Portland today is $2,500. The price to rent the same truck in Portland to drive to the Bay Area is.......wait for it, $300. If I gave you my special 20 minute How-to-Negotiate class, I'll bet you could get them to pay you $300 to bring the truck back for them. It would cover gas, lunch and the Golden Gate bridge toll.
Will the exodus continue? Yes. Will it last more than a couple years? Maybe. Will it reverse within the next five? Doubtful. I'm glad I'm not all-in on a high-density, all-electric$$, bird cage with a minuscule courtyard, 6' x 6' elevators and no balcony that I will need to sell for $650,000 to break even. The old saying "don't fight the Fed" only applies if you have to get in the ring.
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