San Francisco median home prices have jumped $100,000 in the last quarter. A 24% YOY increase from Q1 2017. #thisisfine https://www.paragon-re.com/trend/san-francisco-home-prices-market-trends-news …pic.twitter.com/MoDiOhomSn
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Understanding that as a concept or idea is really important. Most people don't get that at all.
This sounds so simple and obvious but is an uncomfortable truth that most people simply don't want to think about. We should be talking about this more.
it’s the couple that has taken on a mortgage at the edge of their earning power to pay this price that is going to be much harder to persuade than the one sitting on a financial windfall.
I agree this is a concern but I think it should focus on rents. If landlords were ripping each other off with ever-rising sale prices but rents were affordable and flat that would in principle be fine. (I think this was the situation in some parts of Vancouver for a while?)
You will have my thoughts and prayers.
Sorry but that's nonsense.
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