Holy crap. San Francisco exodus: https://www.zillow.com/research/2020-urb-suburb-market-report-27712/ …pic.twitter.com/rywb8z7Poa
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Historically, our ratio of homes for sale relative to total housing stock has been 1/4th of what New York's was prior to the pandemic:https://sf.curbed.com/2016/9/21/13004272/san-francisco-home-inventory-rises …
Is this evidence of an exodus or more of a bear market?
The move is real but inventory per population that chart looks worse than it is. Still, condo prices coming way down.
I think you may be right. If Median Sales Price (shaded region) dropped and Inventory (bold line) increased, it would mean people are leaving. But that’s not the case here, price is staying more or less constant.
I agree. I think it’s more of a normalizing of our inventory.
This was painfully obvious, even several months ago. We just had to wait for leases to expire. If people aren’t forced to come back to the office, part two is going to be awful.https://twitter.com/tbr90/status/1263607619555659776?s=21 …
This is probably a great take and isn't amplified more than the WSJ take
Everyone I’ve met in SF always seems miserable so am not surprised. Why pay high rents without an in person job?
maybe the same $$ crew behind your YIMBY movement has gone completely rogue & is keeping SF shut & empty to buy every last building & build giant glass people containers for your growth plays. I can get a haircut 1 mile away in Daly City .. think about it.pic.twitter.com/zyxrAF5zXt
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