The Tenderloin's non-profits started acquiring land when it was cheap in the 1980s!https://twitter.com/DonaldFalk/status/949169204631973888 …
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Replying to @kimmaicutler
Hasn't
#SF always been expensive? http://www.beyondchron.org/ny-times-says-sf-becoming-city-of-elite-in-1981/ … http://www.nytimes.com/1981/06/09/us/changing-san-francisco-is-foreseen-as-a-haven-for-wealthy-and-childless.html …1 reply 0 retweets 1 like -
Replying to @DonaldFalk
Houses were 4X median incomes in the 1980s. Now they're 10X+ median incomes. I have the historical
@zillow data if you want it.4 replies 4 retweets 15 likes
Also if you bought in the 1980s, you could just refinance every time interest rates dropped substantially. So it hurt in the beginning but you could manage your payments later. Now that interest rates are so low, everyone's prob just stuck paying whatever they're paying now.
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