If you wanted to buy an existing old $750K unit, you’d need to have $150K as a down payment and be able to afford $3,800 in monthly payments. Developers don’t build affordable in SF bc production costs are too high. They can’t absent large taxpayer subsidyhttps://www.nytimes.com/2020/02/20/us/California-housing-costs.html …
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Why does there seem to be so many empty homes and apartments?
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The numbers should be normalized by sqft.
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