EFG Magazine



Real Estate The Market Tectonics of California Real Estate https://www

.nytimes.com/2021/05/28/realestate/california-real-estate.html Some residents have left the state, but many others have just moved out of big cities in search of more space and lower prices, creating hot spots in the suburbs and the once-sleepy exurbs. Jameel Khalfan and Shikha Mittal moved from their high-rise apartment in San Francisco to a house with a backyard in the small city of San Ramon in October 2020. After working from home with their daughter and her nanny both at home, they realized they wanted more space than their two-bedroom city apartment could offer. Credit... Jim Wilson/The New York Times Published May 28, 2021 Updated June 1, 2021 Jameel Khalfan, 36, and his wife, Shikha Mittal, 34, loved their two-bedroom apartment in East Cut, a walkable little square of high rises and urban energy in San Francisco’s SoMa neighborhood. Ms. Mittal, a lawyer at the software company Databricks, walked the two blocks to her office every morning. Mr. Khalfan, who does business development at Google, took the company shuttle to his office in Mountain View four days a week, and on Fridays, when he worked from Google’s San Francisco office, had his own two-minute walking commute. In December 2019, the couple had a baby girl. And three months later, when the pandemic forced them to both begin working from home, they realized that their apartment was suddenly much too small. Subscribe to The Times to read as many articles as you like. nytimes.com/subscription