One thing most people don’t realize about the SF Bay Area real estate market: condos haven’t been appreciating that much in the last few years. The runaway equity gains you hear about are all single family homes. See https://www.paragon-re.com/trend/dynamic-updated-market-analytic-charts …
-
-
To make matters worse, in SF, one of the main effects of the anti-development left is to widen this wealth divide by fueling a false narrative that “luxury condos” are the problem. New development in SF is actually not a great investment. The money is in the old housing stock.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.