Even though SF builds like 2K units a year, the total amount of housing on the market has declined 40% from 5 years ago because Bay Area property owners love to HODL. (They can keep their capped property tax rates & pass to kids, heirs.) paragon-re.com/trend/bay-area
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It is kind of crazy that in a region of 7 million people, there are only like 3,000 to 5,000 active listings for homes per month.
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I don't know, but in 2016, 0.33% of our inventory was up for sale in the fall, compared to 1.25% percent of NYC's inventory. So we were at like 1/3rd to 1/4th of what they were.
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3000+ in Manhattan, Queens, Brooklyn. Each borough is less than half the population of the SF Bay Area: rebny.com/content/rebny/


