“The law, which goes into effect in January, could push as many as 7,000 units on the market, according to city estimates—that would be literally 90% of the city’s homeless getting housed, based on the above data. Problem solved?”
Do these people think the homeless people would be financially qualified to rent those units? If they think that’ll solve the issue, then they are dumber than I thought.
I love how they say landlords don’t want to lower asking rents, because rent control prevents increasing them later. So they admit rent control is reducing rental supply, and their solution is more government regulations on housing. Why not get rid of rent control which they admit would bring more units to market?
Only if you raining do you need an umbrella. Only if you’re down in human sh** do you need a $4M ad campaign to hope to revive yourself aka SF is in real POS.
However 20 years of human sh** isn’t only image and it won’t be reversed by some ad campaign even if $4B spent.
Maybe he has some connection to the Amidis family?
Since the 1990s, this simple looking two-story building has been owned by a family of Iranian immigrants, the Amidis. Saeed Amidi and his family escaped from Iran in the 1970s during the Iranian revolution. The family subsequently opened a Persian rug shop in Palo Alto, hoping to capitalize on the number of wealthy people in the area near Stanford, particularly people who’ve just become wealthy, as they often need rugs when buying new houses and the like.
Fremont’s home values surpassed San Francisco’s in early 2022, displacing the latter as the most expensive of the Bay Area’s five largest cities.
Then San Jose’s values edged out San Francisco’s in July 2023.
And from March to September, home values in Dublin — the fastest-growing city in California — rose 4%, from $1.24 million to $1.29 million.
San Francisco properties that sold in September spent a median of 33 days on the market, according to real estate brokerage site Redfin. That’s five days longer than the median number of days for homes sold in California overall.
In contrast to San Francisco, many cities in the East and South Bay are seeing upticks in home values, the Zillow data shows. That’s despite persistently high interest rates, which contributed to a drop in values across the region last year.
Prices of cities in SV + SF appreciate at different pace in accordance with economic conditions. Sometimes prices in SB appreciate faster than SF, sometimes the other way. The past 20 years have seen prices in SF appreciate faster than SB’s. Is reverting now.
SF economic conditions have changed for sure. Hopefully the $4M ad campaign will reverse it.
Donno man. SF was called the “Paris of the West”. SB was all farm lands/orchards.
If former farm lands/orchards are doing better than an iconic city, something is wrong with the icon and something is right with the relatively new cities.
20 years ago wasn’t orchards. Moons ago, some1 posted a graphic of price changes of various cities in SF + SV. Don’t know how to search this forum for that graphics. Anyhow, shouldn’t the rate of price appreciation of farmland/ orchards during the early stage of gentrification to be faster than an urbanized city? Take note, talking about rate of price appreciation and not talking about absolute price.
50 years? I have seen orchards on 1st street and Tasman right by Cannon building @15 years back with nice oranges on the trees. Can’t remember if Cannon is still there.
It should be, if absolute price is elsewhere higher than SF today. So what is the point?
Outside BA(rest of USA), nobody knows anything other than SF. Even Palo Alto most people will not know. Point is, to show how iconic SF is as compared to rest of Bay Area. Maybe Oakland and Berkeley are known in the rest of the US in addition of SF, but SF’s position is higher than them AFAIK.
Look like deviating from initial point. My point is that price appreciation changes through time because of macro factors, prices in SF don’t always appreciated faster than other cities in BA and current slower appreciation is not an abnormal behavior.
Before coming to BA, I was in Singapore. So I’m definitely not a member of the US population. I was talking about myself, didn’t say I represent the US population. So not sure why you make that statement. What is the message?
now.