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Metropolitan DC Local Politics
Reply to "The Atlantic on SF: is DC too a failed city or about to be one?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For a failed city, it pretty impossible to buy a house there. When do all these people fleeing actually flee? [/quote] When they have kids. There are very few kids in SF. [/quote] When does that reflected in real estate prices? For some wacky reason all of these places that people are fleeing seem to have incredible demand [/quote] A lot of it is investor purchases. The nicer parts of SF are like the nicer parts of London now: functionally dead. Row upon row of beautiful houses that trade hands and keep prices up, but that are only occupied a few weeks a year at most. It is impossible to evict tenants so it’s not worth it to rent. Don’t mistake the prices for a thriving city. [/quote] So investors see these units as good investments and they are still getting good returns, but there is no demand for these homes? [/quote]
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