COMPARE PRE PANDEMIC VS PANDEMIC VS POST PANDEMIC
look at average rents
Movement from some areas in San Fransisco and NY to other areas and compare price
growth from 2018-2019 and 2019-2020
Ask whether things like ricardian rent make sense
Plot average and range in rents in SF and NY(plotted over time)
Can be speculatory.
Do a broad brush thing and pick some suggestive data for a few cities
In response to business leaving California: It’s possible to have been negative about
California pre pandemic (due to taxes, Climate things, etc.) so COVID most likely
accelerated this sentiment
Questions to guide:
Is covid going to permanently change cities?
How does this look in the short run vs long run?
Are these fundamental changes vs. just accelerations of certain trends that were already
going to happen 1-2 years down the line
in specific demographics if we want to get more specific (e.g. there is evidence of rent
falling in SF but most of that is rents of 1BD vs. 2BD (is it variable by size?).
A case study on a specific city; San Francisco. where we get more granular and look at
data on rents for 1BD or 2BD apts vs. 3BD+ or other more specific data and can discuss
the implications of the short and long run there.
