Holy crap. San Francisco exodus: https://www.zillow.com/research/2020-urb-suburb-market-report-27712/ …pic.twitter.com/rywb8z7Poa
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In other regions (e.g. mine), the trend is going the other way, with demand picking up and supply dwindling:https://www.spokesman.com/stories/2020/aug/11/record-low-mortgage-rates-out-of-area-buyers-fueli/ …
That’s going to be one interesting winter up there. I’m curious how many of them will still be there after a winter (or two) of many feet of snow.
If SF’s supply normalizes then it will fail. It’s not architected to survive on normal levels of demand.
I sold my crash pad condo in SF on Cherry street last year. Had it for almost 20yrs. I knew the city was done
Airbnb hosts bailing.
The N may be small, but the Bay Area needs to either build residential units into the sky—or its homeless population will grow.
“As always, good news is annoyingly relative” Man, what a good pull quote
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