{"id":16790,"date":"2020-08-30T10:51:40","date_gmt":"2020-08-30T17:51:40","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=16790"},"modified":"2020-08-30T10:51:40","modified_gmt":"2020-08-30T17:51:40","slug":"three-reasons-why-new-york-and-san-francisco-arent-dead","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16790\/three-reasons-why-new-york-and-san-francisco-arent-dead\/","title":{"rendered":"Three reasons why New York and San Francisco aren’t dead"},"content":{"rendered":"

“The reports of our deaths are greatly exaggerated”– New York City and San Francisco<\/p>\n

The Bloodhounds have been talking about San Francisco and Manhattan’s death over on Facebook.\u00a0 The general consensus is that they have been ruined by Marxist mayors (they have) and become much too expensive for people to live, work and play (they have).\u00a0 The pandemic exacerbated these flaws and now that everyone is working from home, these cities are destined to crumble into ruin.<\/p>\n

Greg Swann fired a shot the other day, right here in Bloodhound Blog.\u00a0 I don’t dispute that both cities are in trouble.
\n\"\"<\/p>\n

This graphic shows the growth in year-over-year housing inventory.\u00a0 While most of the country is experiencing actual declines in housing inventory (less homes for sale than the year before), NYC and San Francisco have more homes for sale than the year before.<\/p>\n

Some reasons for the decline in housing supply are:<\/p>\n

(1) homeowners are hunkering down because of the pandemic,
\n(2) some homeowners are in trouble and taking advantage of the mortgage forbearance program.<\/a>— they are delaying the inevitable sale,
\n(3) new housing construction has slowed or halter in most major cities.<\/p>\n

Greg Swann went so far as to suggest that cities might be dead forever<\/a>, thanks to the internet and remote work opportunities.\u00a0 While his criticism of poorly run cities is valid, the notion that the future of work is a “laptop in the basement” is not.<\/p>\n

I am the one of the most tech-friendly Luddites you’ll ever meet.\u00a0 If an app or platform is relatively easy to use, I embrace it.\u00a0 Back in the early days, I was teaching real estate agents and lenders how to build IRL networks from social media<\/a>.\u00a0 I have been doing that since 2003.\u00a0 The key component to success in online networking is to connect online but to meet, and develop a relationship in person.\u00a0 Human beings are mammals and we like to cuddle.\u00a0 The cuddlers will be more productive than the email-ers every time.\u00a0 Keep this in mind when you think that humans will scatter to the mountains and do business on Zoom forever.<\/p>\n

Here are three reasons why neither San Francisco nor New Read more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

“The reports of our deaths are greatly exaggerated”– New York City and San Francisco The Bloodhounds have been talking about San Francisco and Manhattan’s death over on Facebook.\u00a0 The general consensus is that they have been ruined by Marxist mayors (they have) and become much too expensive for people to live, work and play (they […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,379,8,26,5],"tags":[217,583,582,584],"class_list":{"0":"post-16790","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-innovation","8":"category-investment","9":"category-lending","10":"category-real-estate","11":"tag-brian-brady","12":"tag-manhattan","13":"tag-new-york-city","14":"tag-san-francisco","16":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":18241,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18241\/overnight-news-dutch-uncle-to-a-french-bulldog-adoring-and-studying-miss-chioux\/","url_meta":{"origin":16790,"position":0},"title":"Overnight News: Dutch Uncle to a French Bulldog: Adoring and studying Miss Chioux.","author":"Greg Swann","date":"June 18, 2021","format":false,"excerpt":"Miss Cleopatra Chioux, the French Bulldog I have been socializing since Thanksgiving, is with us all weekend \u2013 a huge treat for me. 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