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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][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. [b]Condo prices in SF haven’t increased since 2017. [/b][/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] You could just use Google or is that too difficult? [img]https://wolfstreet.com/wp-content/uploads/2021/07/US-san-Francisco-housing-2021-07-10-house-v-condo-prices-.png[/img] https://wolfstreet.com/2021/07/10/condos-v-houses-san-francisco-house-prices-do-holy-moly-spike-condo-prices-flat-for-3-years/[/quote] [b]Yes, condo prices never keep up with SFH, anywhere. Shrug. It's not specific to SF. [/b] Same source, btw. That wasn't difficult to find, either. But, I know you have a special in your heart for SF :wink: [img]https://wolfstreet.com/wp-content/uploads/2021/03/US-Housing-Case-Shiller-2021-03-30-New-York-price-tiers.png[/img][/quote] What’s your point? You’re just arguing for the sake of it without even a point. [/quote] Maybe read through the thread to understand the point. Or, maybe you have reading comprehension issues, hence your response.[/quote]
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