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Today Lucy and I became American citizens 🙏
This amazing country has educated me, backed me in founding & scaling @Zumper, and delivered my two wonderful kids
I am proud to be a small part of its future. Let’s go!
🇺🇸
Anthemos Georgiades
6,536 posts
Anthemos Georgiades
@anthemos
Chairman & Co-Founder of @Zumper. Trainee dad to two lovely little boys 👶👶. Trying not to lose a British accent out west in the US.
- In the backdrop of the tragic George Floyd news, there's a big demographic trend happening in San Francisco All this talk of people leaving SF for a future of remote work is now backed up by hard data SF 1BR rents were ⬇️ 9.2% YoY in May via @Zumper
- Our @Zumper July U.S. rent report is in. The results are remarkable, especially in the Bay Area. For the first time ever SF rents are down *double digit %s* year on year (June '20 vs June '19) 😱 SF 1BR rents ⬇️ 11.8%
- Our September @Zumper rent report is out The YoY drop in San Francisco this month is pretty seismic, a far steeper fall than we've reported before SF 1BR rents ⬇️ 20.3%
- An actual bus stop ad in San Francisco They have definitely picked the wrong city for this one
- You can now get a 2 BR apartment in SF ($3,500) for less than the price of a 1BR apartment a year ago ($3,700) Can you believe it used to be $3,700 for a 1BR? 🤯
- I contacted @LondonBreed to discuss how to keep our SF employees safe. No reply I contacted @FrancisSuarez to explore opening a new office in Miami. Reply within a few hrs To be clear - I did not feel entitled to a reply from either But it’s telling who did/didn’t respond
- The only unbelievable thing here is that they agreed to build 60 new apartments in SFNothing to see here, just a historic San Francisco Victorian home coming down the street! Today it’s being moved 6 blocks for more than $400,000. It’s old location near Turk and Franklin will soon be home to more than 60 apartments. @abc7newsbayarea Courtesy: Lehoa Nguyen
00:00 - Replying to @anthemosEven more staggering are drops in the South Bay near Google & FB campuses, who have been increasingly telling employees that remote work is part of the future 1BR rents there were down: ⬇️ 15.9% in Mountain View ⬇️ 14.1% in Menlo Park ⬇️ 14.3% in Cupertino ⬇️ 10.8% in Palo Alto
- I know there's a lot of hype about Miami & Austin as future tech hubs And I know some people think it's just a couple of people moving But it's real Here is week on week @Zumper message trend data by city (from millions of people): 🌴 Miami: +36% ⭐️ Austin: +23% 🌉 SF: +6%
- This time last week I tweeted about the ⬇️11.8% yoy SF rent decline using our @Zumper data It felt like a real tipping point. This was a historic inflection Some of you asked about how the price drops broke down across neighborhoods. Here you go [Thread]
- There’s no better tool to track investor mtgs than a Google sheet Zero need for a fancy CRM Have raised 140m this way so far Come at me! 🙄
- Here's our final @Zumper rent trends update of 2020, and what a year it's been 1BR YoY median rent prices in the 2 most expensive US cities continued their historic slides in Nov: SF ⬇️ 22.6% (vs -20.7% last month) NY ⬇️ 16.8% (vs -15.0%)
