Obviously you don’t track SF SFH prices.
Do your own DD. You can trash SF any way you want, fact is that SFH price in the city is still hot like hell.
Have fun with hunting RE in SF (assuming you are still interested in rental investment in this trash city 
)
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San Francisco Case Shiller is literally sitting at all time high.
But don’t let facts get in the way of an opinion.
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It could be that people don’t want to live in apartments/close proximity with others anymore(especially now due to covid).
Found this online.
The most dramatic change is the increase in the number of listings for sale. Condo, co-op and TIC listings in MLS are at their highest point ever, approximately 85% higher than one year ago. House listings are also up, but much less dramatically, running about 20% to 25% higher than in autumn 2019.
Things could get back to normal once covid is gone.
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This graph which was posted already posted above shows the 2018-2019 drop pretty accurately, which “never happened” according to some.
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OK, so enough of all these qualitative macroeconomics bs. This is why engineers don’t get along with PMs. Let’s look at some data. 
(this data is up to date to last month re data)
SF SFH prices did go up this year, and fluctuates per seasonality:
Clicking thru all other metrics, I don’t see much weakness at all in SF SFH market this year. Especially DOM / Months supply.
For condos, pictures do look different:
SF Condo price did take a hit. Notice how SJ was declining since 2018, but SF condo decline only started this year.
Look at SF condo months supply btw:
So SF condo market is in shitstorm; for SFH, the effect is minimal (3.1 compared to 2.7 last year).
(end quantitative args)(begin qualitative bs)
I don’t have data for who these buyers are, but I bet all these condo sellers are moving up to buy SFH. The people leaving bay area are mostly renters, who otherwise would likely be in the market for condo. If there were enough folks that go thru (renting-> buy condo → buy sfh) path, SF SFH prices won’t get impacted until few years later. And that’s if we keep losing renters in the area for years to come.
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Good summary. The non stop money printing is what has kept SFBA RE and NASDAQ from exploding. It will stop soon after Covid and then fundamentals of exodus, WFH, Tab, etc. will hit the SFBA RE, and it will be hard.
There are two factors that can avoid it: 1> massive immigration, and 2) fix of the massive mismanagement of CA. Both seems hard in short to medium term so there is a good chance we are headed to SFBA RE collapse soon.
Your guess is wrong. Never bet against BA real estate. Plenty of other places to invest while you wait though. Blue state refugees going everywhere . But plenty of people will return to SF after the vaccine proves effective. Not just techies. SF is a tourist destination will attract wealthy retirees and plenty of other industries.
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Are you Patrick?
People don’t change opinion quickly. Even if long term price will decline (something akin to Detroit), it will take years or decades before it will start. Even then, America is about suburb i.e. SFH living - apartments/ condos are not that popular except for singles, DINKs, students and tourists - tend to be temporary. So all my rentals are SFHs
Is that your conclusion after your long term investments in Sac MSA?
Seriously asking since I need ideas on where to put my money next, and I’m becoming too Bay Area heavy both stocks, and RE. and I don’t want long distance RE mgmnt.
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Is Detroit still going down? I heard they are mounting a comeback.
I still own multi family in Oakland in a large partnership. I think people whining here are just hoping for lower prices. Could happen. But as long as there are buyers the market the prices won’t drop much. My partners in Oakland have put together a vulture fund to buy distressed multi family. Nothing promising yet.
I have been investing in the Sacramento MSA since 1999. Been a good bet. Still think so long term.
The key is to find value add. A deal where you can add value. For me currently that means improving property I already own. I plan several projects in the next couple of years. I have found a reliable contractor to help.
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Detroit like city government in SF
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Well guess what, Detroit Case Shiller is also at all time high. You guys need to find a new dead horse to stomp on.
WOW. That’s a sign of the times. As opposed to "Applications will be reviewed in the order they are received–stand in line for hours before we open!
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Guess SF gov’t officials don’t like helping out the homeless as much as their own pockets.
1992 /= all-time. The decline started in the 1960’s.
Does anyone think FBI would have investigated SF with a Democrat president? All of that progress will stop and the federal government will go back to turning a blind eye.
Government and the NGOs want more homeless not less. It is an enterprise for them to gain power and influence. Anyone involved in the development and building business knows that government has done its darnedest to stop or slow housing construction for the last 50 years. The excuses have become trite if not tragic. Too much traffic, not enough water… save the butterflies ?? Excuses not solutions . What about helping people to build affordable housing? The building codes have been designed to make housing as expensive as possible( why?) now in California we have a shortage of 3 million dwelling units. Government blames landlords and nimbyies. I blame the bureaucracy and one party rule.
From Wikipedia
Since about 1970, California has been experiencing an extended and increasing housing shortage,[1]:3such that by 2018, California ranked 49th among the United States in housing units per resident.[2]:1 [3]This shortage has been estimated to be 3-4 million housing units (20-30% of California’s housing stock, 14 million[4] as of 2017). Experts say that California needs to double its current rate of housing production (85,000 units per year) to keep up with expected population growth and prevent prices from further increasing, and needs to quadruple the current rate of housing production over the next seven years in order for prices and rents to decline.[5]
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Detroit and SF cannot be compared.
Detroit even in 1940s to 1960 never had asset prices that were multiple of rest of country averages.
SF bubble that need low interest rates in addition to stock bubble in firms detached from reality.
Bay area is practically irrelevant in vaccine race.and cure untill this point. so where is tech leadership?
Is this your criteria of financial success?