Recent article I read noted we saw the the 3rd or 4th greatest profit increase from home sales over the last several months. The housing market is hot here.GoHarvOrGoHome wrote:If anything we are attracting new folks from the expensive coasts that can suddenly work remotely. Housing market is going gangbusters.
The activity I observed on Saturday, 7/18, around midnight on Wash. Ave left no doubt in my mind that residents would not feel safe and would be leaving the area. I wonder if the cruising and sidewalk activity (mostly underage) happens on Fridays as well? Can't imagine any restaurants or bars succeeding on just lunch and weekday nighttime business. The Landing was experiencing the same thing. Out of control underage activity drives away potential customers. Period. The streets are jammed to the point you can't even drive. Such a shame all the development is now at risk. I saw no effort to control the madness. Close the street. Enforce the curfew. Or, watch the whole thing collapse. If every summer brings this kind of activity, Wash. Ave is in for rough times.STL526 wrote: ↑Jul 31, 2020Based on the Downtown Residency Report of 2019, we are close to hitting 10,000 people in the greater downtown area. Back in January, I would have been sure that we would finally push past that number by the end of the year with OCW coming online in August. I have noticed, however, a lot of people voicing their displeasure at the current state of Downtown in general and noticed (what I consider to be) a sizable of amount people moving out of my building. Granted, my building is near the corner of Washington and Tucker and typically sees a fair bit of action (not always the good kind), so perhaps it's more of an anomaly. This is all anecdotal and ymmv, but based on what I hear my neighbors say and what our Nextdoor feed looks like, I would not be surprised if Downtown actually sees something of a population drop for 2020.
STL made the Business Insider list for best cities to work from home from.GoHarvOrGoHome wrote:If anything we are attracting new folks from the expensive coasts that can suddenly work remotely. Housing market is going gangbusters.
Washington University’s reopening plan for the fall is poised to upend the residential rental market in neighborhoods that don’t traditionally count students as residents.
That’s because the university said it would guarantee housing on its Danforth Campus only for freshmen, with sophomores in residences on the campus’ north side and in off-campus university housing. Wash U said it also secured an additional 450 beds near campus, at Everly on the Loop and the Moonrise Hotel.
A lot of upperclassmen will be shut out, as the school stated that “some students who were expecting to live in Residential Life housing during the fall semester will not be able to do so.” A university spokeswoman, Julie Hail Flory, said as of June, it had applications to live in its housing — both on-campus and off — from 1,090 juniors and 556 seniors. Hail Flory said while the school doesn't place students in non-university housing, it does provide information and vetting services. Those numbers mean that the Delmar Loop will be hard-pressed to meet the needs of affected students, said Michael Golde, a realtor with Avenue Real Estate Group who manages units in the area.
He said students are likely to look in other areas, including the Central West End, Skinker DeBaliviere and Clayton, particularly along its eastern boundaries, such as a multifamily area called the Moorlands. Single-family homes may be scooped up too, with students banding together to rent them, he said. In addition, prices are likely to be driven up, Golde said, particularly in areas with MetroLink access.
“These are not just random tenants” hitting the market, he said. “These are likely well-qualified, deep-resourced tenants who are in a desperate position.”
Saint Louis University hasn't yet detailed its fall housing policy. If it's similar, that could push thousands more students into the rental market.
Back at Wash U, some juniors and seniors may still make it into university housing. The school said special circumstances such as health, international student status, finances and “the safety of a student’s home situation” may cause it to bring some students into campus housing.
“In almost all cases,” though, “we anticipate that juniors and seniors will be required to live off-campus,” it said.
My brother lives on a street next to Northeastern University in Boston. On move-in days, they don't allow normal street parking so student trucks and cars take over the streets for moving. It's rather chaotic, but they've been doing this for years in Boston where 1thousands of students residents show up in late august and early September.chaifetz10 wrote: ↑Aug 03, 2020If 120 units did indeed lease to WashU or SLU students, all at the same time, that's going to be a logistics nightmare for move in and move out. Multiple students per unit, probably just one freight elevator dedicated for moving, and then the loading dock is going to be a painful experience. All it will take is one student to go past their moving window and everyone else is screwed.
Having lived in Washington, DC and Chicago - and having to go through the nightmare of reserving a freight elevator and loading dock to move in and out and dealing with people who went past their time in every instance - I wouldn't wish that evil on even my worst enemy.
