Y’all thought that rising interest rates and curbing the mortgage interest tax deduction would dampen Bay Area home prices right? Nope! https://www.paragon-re.com/trend/san-francisco-home-prices-market-trends-news …pic.twitter.com/Grr2s1xu2q
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Y’all thought that rising interest rates and curbing the mortgage interest tax deduction would dampen Bay Area home prices right? Nope! https://www.paragon-re.com/trend/san-francisco-home-prices-market-trends-news …pic.twitter.com/Grr2s1xu2q
What do you make of the home/condo price divergence? Supply-side effects from recent condo construction? Demand-side effects from more wealthy buyers entering the house market? More churn at the high end of the market?
More condo construction. Ultra-luxury segment of the market is slow. “Entry-level” as in “entry level for SF” is very brisk.
Look at how many houses/condos are sold/yr, including existing units, not just new. People are HODL-ing.pic.twitter.com/qRRHruEcjG
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