Is that bad
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Yes. 50% more housing used to be sold in SF 10 years ago compared to today.pic.twitter.com/nWshcLgHEX
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That leads to homes like these selling for $500k above list, and properties barely being on the market for a week. (via
@redfin this a.m.)pic.twitter.com/UUEKyqEUqU
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New construction is a small fraction of population growth... supply creates options.
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Richmond is a cool place. I just wish they'd build more land friendly SFHs at least, like in STLhttp://www.sightline.org/2017/08/30/map-where-multi-family-homes-make-seattle-neighborhoods-more-affordable/ …
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I do not understand with figures like this how is bay area CPI only 3.5%? Seems inflationary.
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