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Moving to San Francisco, good idea during economic crisis?

post #1 of 26
10/5/09 at 4:18am
Thread Starter 
Hey all,

I'm just looking for a little bit of advice.

My fiancee wants to move to San Francisco to pursue professional aspirations. I'm inclined to follow, but am a little bit unsure given the state budget crisis in parallel with the national recession.

If you lived in Seattle with a good, secure job (with stock options) and you had the option of moving to San Francisco, with no job waiting for you (and without being able to break your current lease) with the one you loved, would you?

Thanks all.
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post #2 of 26
10/5/09 at 4:30am
really depends on a lot of things. Can the fiance support you while you search. what kind of job you have or qualifications or field your're in- if it depends on developing a word of mouth network or for a company, if you have savings to ride on for a bit, etc.

There's a lot of artists here, and not as much need for art compared to LA and NYC, so that's a difficult field to break into here
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post #3 of 26
10/5/09 at 4:40am
I would not move unless you already have a job waiting for you. You have a good, stable career; asking you to move and give everything up right now seems a little selfish (Unless your fiance has been guaranteed some position that can support both of you until you locate another employer). I'd search around for a job first, fly down and do some interviews, then once you both have viable options, sit down and consider things more seriously.
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post #4 of 26
10/5/09 at 4:49am
Trust me, dont take a job for granted. Some people dont`t even have any job, me included.
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post #5 of 26
10/5/09 at 4:53am
"pursue professional aspirations"

erm no.

sounds far too hippy-esq to me, i say tell her to move and get a job and that you will quit your job and move out once thats been done. i dare say you will be staying put.
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post #6 of 26
10/5/09 at 5:13am
Thread Starter 
I'm in software development. She has a job guaranteed for her in San Francisco. I hope that makes things more clear.

Thanks for the replies so far, I appreciate your advice.
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post #7 of 26
10/5/09 at 11:24am
the bay area is really nice. been here over 15 years, now (relo'd from boston).

I would not pick any other place, given that I'm into computers, electronics and this is THE place for stuff like that.

that is, IF you can find a job....

and IF you can afford housing (rentals are going down in price but houses are still pricey as hell).
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post #8 of 26
10/5/09 at 11:37am
Shoot iamoneagain a pm. He and his wife moved from San Francisco to Washington not all that long ago. He should be able to give a fresh idea of whether it's worth it or not.
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post #9 of 26
10/5/09 at 11:42am
I'd rather be without a job than without my wife.
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post #10 of 26
10/5/09 at 12:09pm
Keep in mind that the California economy here is worse than you might pick up on from the news. I scan listings and it's dead out there. Just completely dead.

Granted, I'm in LA, but things are ugly the state over. Which is awful, because I'd like to tell you to go to SF. Great city and loads of fun. Then again, I love Seattle, too.

Also, housing prices are going to correct sooner or later. Banks are keeping something like 80% of foreclosed homes off the market and they're not even foreclosing on others. I hear stories about people who default and go for a year or more without a foreclosure notice. They're only doing this to prevent a total collapse of prices, but it's just rearranging deck chairs on the Titanic. It looks like it'll go down between late 2010 and into 2011.
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post #11 of 26
10/5/09 at 12:16pm
Quote:
Originally Posted by Uncle Erik View Post
Banks are keeping something like 80% of foreclosed homes off the market and they're not even foreclosing on others. I hear stories about people who default and go for a year or more without a foreclosure notice. They're only doing this to prevent a total collapse of prices, but it's just rearranging deck chairs on the Titanic. It looks like it'll go down between late 2010 and into 2011.
This is interesting. Do you have a source for this information? Not that I doubt you...I just want to read up on it more. I think any homeowner would...
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post #12 of 26
10/5/09 at 4:28pm
Thread Starter 
I've only sent out resumes to a couple of places on sfbay.craigslist.org. However, I've gotten no replies back so far. But truthfully I'm probably not trying as hard as I should be, given the economic conditions.

If it helps, this news article is the one that alarmed me to California's budget crisis:

Will California become America's first failed state? | World news | The Observer

Thanks again for your replies.
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post #13 of 26
10/5/09 at 5:32pm
Quote:
Originally Posted by ecclesand View Post
This is interesting. Do you have a source for this information? Not that I doubt you...I just want to read up on it more. I think any homeowner would...
Are Banks Withholding Foreclosed Homes to Prop Sales? | RISMedia

InvestorCentric: Banks Believed To Be Holding Around 600,000 Foreclosure Properties Off Market

Lenders 'doing everything possible to delay foreclosure' | L.A. Land | Los Angeles Times

At this point, banks are just juggling hand grenades and hoping for an economic miracle to bail them out.
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post #14 of 26
10/5/09 at 5:42pm
California is dying:

Who Killed California? > Publications > National Affairs
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post #15 of 26
10/5/09 at 5:53pm
No jobs here. Move along....

Unless you are upper management level, or atleast 7-10+ years experience, the tech industry is dead right now.
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