Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens::San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home
I say this as a homeowner who has seen a 150% increase in my home’s valuation over 8 years…hopefully commercial and residential real estate prices across the board are in for a drop. Home ownership was totally within reach for my wife and I in 2015, but anyone in a similar financial place today is SOL
200+% over 10 years, refid in 2019 or so.
Feel like I won the lottery.
It’s not fucking sustainable and it’s cruel to anyone younger.
Yep. Heck, it is rough even for those of us who won the housing lottery. If we ever want to move it means paying incredibly inflated prices (even with big gains on the sales of our own homes) and now crazy rates. Probably why prices haven’t really come down: few are selling. Golden handcuffs.
I feel very lucky I was able to purchase in 2015 at a good price and interest rate. Looking at prices now I’d never be able to afford a home. It’s absolutely insane this is even a problem.
