It continues to get worse: The average down payment (again, based on 406 homes sold in the last 30 days) is a whooping 33.4%. I am exhausted.
Show this thread
-
But it’s Silicon Valley! you say. Of course it’s expensive. Sure, fine. I’ll buy that. Let’s swim across the bay to Oakland. (Spoiler: This is going to suck.)
Show this thread
In Oakland there are 354 homes for sale, but there is a still a housing shortage and crisis. Lots of displacement and lack of affordable housing for middle income and below. Let me give you some examples.
-
-
In the last 30 days 263 homes have sold in Oakland with a median sold price of $735K and an average down payment of 33.9% or $249,165.
Show this thread -
According to the latest census data, the median household income in Oakland is $57,778. It’s easy to see why tension between longtime residents and new homebuyers are high.
Show this thread
End of conversation
New conversation -
-
-
This Tweet is unavailable.
- Show replies
-
-
-
@threadreaderapp unroll please -
Bonjour there is your unroll: https://threadreaderapp.com/thread/978338712441389057.html … You can share this if you think it's interesting. Have a good day.
End of conversation
New conversation -
-
-
I’ve lived in Oakland for 15 years and want to stay here because I’m committed to this community. I don’t think new home owners have the same commitment to our Town.
-
I think generalizing is never good but there’s truth to what you say
End of conversation
New conversation -
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.