Why is it so expensive? Look at how few homes are sold each year in the Bay Area. https://www.paragon-re.com/trend/san-francisco-home-prices-market-trends-news …pic.twitter.com/HuVEMHuBce
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It's ~6-7000 for SF when you add condos in. Still horribly small.
Which is why if you bump the historical production average from 1800 new per year to 4-5K, it actually makes a difference!
Yeah. I actually don't know whether it's a smaller % in SF than CA as a whole, wondering how much of this is Prop 13.
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