I live on 22 block Valencia.. I've had 4 neighbors move out in the past month. So as far as price.. I can't say. But as far as folks moving out. I can.
My landlord hasn't lowered rent, but to incentivize us to stay he replaced our washing machine and upgraded some stuff around the property. That being said if my company ends up going fully remote (which looks likely) I'll probably be leaving the bay area anyways.
You've been given bad info. The UC President said all campuses will be open in the fall, in a hybrid mode. Berkeley's Chancellor has said that labs will be open with restrictions, but most likely lectures will not.
That of course could change.
One of the properties I manage is in Berkeley. I just renewed the lease in May, but I put in a clause that allows the tenants to cancel if classes are cancelled. They wanted to make sure they had housing secured in case classes came back. I also told them we would reduce the rent in the Fall if necessary.
As a landlord, I'd much rather have renters at a reduced rate than none at all, even if that rent is near zero, just to keep the place occupied to reduce crime.
The UC President has said that they expect a hybrid mode of instruction, but it's not clear whether there will be in person classes. It seems like each school themselves have a say in the decision.
> Napolitano indicated that each UC campus would be required to “meet system-wide thresholds” for Covid-19 testing, contact tracing and isolation before being allowed to open.
> Once the standards are met, campuses “can consider whether to maintain fully remote instruction in the fall or return some portion of their students to campus.”
> A decision is expected in the middle of June. [2]
A Berkeley CS professor also posted that he thinks the fall term will (and should) be online-only: https://www.reddit.com/r/berkeley/comments/g9vxb0/why_i_thin...
[1] https://news.berkeley.edu/2020/05/06/an-update-on-uc-berkele... [2] https://www.mercurynews.com/2020/05/20/coronavirus-universit...
"Berkeley's Chancellor has said that labs will be open with restrictions, but most likely lectures will not."
So when I say "classes will be closed," I mean that labs will not be open.
[1] https://www.reddit.com/r/berkeley/comments/c3r8f0/what_happe...
She means the more standard definition of "places where there is equipment for students and professors to use for research".
She is saying that campus labs (rooms with special equipment for research) will most likely be open in the fall with extra precautions, and that classes may be remote only or they may offer both remote and in person options, but they haven't decided yet.
But she's pretty adamant that students and professors will have access to their equipment for research.
So no, campus will not be closed. Classes may be closed, which I said initially.
I'm not sure why you're arguing with me. We said the same thing. You just said it in a different way, and I'm not sure why.
So what he should have been doing anyway. Amazing.
The intrinsic value may in fact be down, but there is no way to know for sure without two parties in the transaction.