“Buyers in San Francisco want fire-sale deals, and they’re not settling until they find them. They’re in no rush because there’s so much uncertainty right now—if the price isn’t right, they can just go rent a house in Lake Tahoe for a year until their employer gives concrete guidance on if or when they need to go back to the office,” said local Redfin agent Carlos Barrientos. “I’m seeing a lot of buyers make lowball offers that initially get rejected, but then they get a call back from the sellers a few weeks later saying they’re willing to drop the price.”
High-rise condos and smaller, outdated homes—where it may be uncomfortable or challenging to set up a home office—are the property types that are most commonly seeing price drops, Barrientos added.
Good luck finding a rental in Tahoe. Nothing available.
Nice homes are now going for $5k that used to be $3k. My bread and butter homes and apartments get dozens of calls.
Ask your mayor why she is cutting $100m from the police budget and pays the homeless industrial complex $400m per year to camp out in our once beautiful city. How about offering Midwestern cities grants to house them in their empty houses
Meanwhile 40,00 police calls about the homeless will be ignored. Doubling down on a failed policy that just brings in more homeless. Incarceration treatment and evacuation is what should be done. Instead the city is paying people to stay and camp out. A permanent community of drug addicts mentally ill and criminals supported and encouraged by the city
SF spends about $400M a year on the homeless. There’s ~8,000 homes, so that’s $50k/homeless. That’s higher than a median US individual income of $34k. I don’t get people who argue lack of funding is the issue.
