Reply to The Atlantic on SF: is DC too a failed city or about to be one?

Forum Index » Metropolitan DC Local Politics

Reply to "The Atlantic on SF: is DC too a failed city or about to be one?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

There is demand for SFH because there aren’t many SFH and the investor class thinks of them as investments. But even for SFH, there is less demand now for SFH who are buying the house as their primary residence.

There is not nearly as much demand for condos. Prices have been flat for years and in some neighborhoods, they aren’t selling. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics