Let’s talk residential real estate pricing in San Francisco (thread):
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Replying to @ddologite @sallykuchar
there's only.... 422 homes sold a month. Do you think SF, a city of ~850K people can produce that many people with that much cash a month?
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between the big 3 (FB, G, AAPL), there's liquidity. But most other cos don't have liquidity. That capital isn't really even floating around.
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also inheritance & people trading up. Outside investor capital too.
1:24 PM - 9 Aug 2017
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