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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][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] SFH prices are high because they are a preferred housing type everywhere in the US and they are rare in SF and the quantity is decreasing. Condo prices in SF haven’t increased since 2017. [/quote] source? Rent prices, including condos, is insane in a lot of CA. My parents own a tiny condo in a somewhat industrial area of SoCal. I was looking at renting it out at some point. A 2br apt in that area will go for over $2300. 3 br condo will go for over $3000. And these are not newly built, nice condos/apts.[/quote] Source for what? The flatline condo prices? That is available if you search for SF real estate condo sales. The industrial area of SoCal does not have onerous rent control like SF. You can evict renters, so there is value to owning a condo. SF is different. [/quote] https://www.sfchronicle.com/local/article/S-F-condo-sales-hit-16-year-high-with-16231333.php Do you have a source that says otherwise? [/quote]
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