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As a counterpoint although the article also mentions Manhattan's alleged drop in condo pricing, one could argue that San Francisco is smaller and therefore more
by technofiend 10y ago
As a counterpoint although the article also mentions Manhattan's alleged drop in condo pricing, one could argue that San Francisco is smaller and therefore more constrained. It's my understanding that much more real-estate in SF is under rent control, so overbuilding is also less likely. And if Vancouver is any indication there still seems to be plenty of money interested in real estate coming out of China.
- Kinnard 10y agoSF is actually bigger— San Francisco: 46.9 square miles Manhattan: 22.8 square miles SF is a lot less tall than Manhattan all around too. Did I mention that SF is hilly?
- technofiend 10y agoInteresting! Not sure what's constraining supply to the point that SF's average cost per SQFT is so much higher than Manhattan's? Restrictions on building up? Rent control limiting supply?
- mikeyouse 10y ago> Restrictions on building up? More this one than the other one.. Here's a map of SF: https://static6.businessinsider.com/image/5342ef126da811ef6aba14fa-917-687/sf-building-height-zoning-1.jpg https://static6.businessinsider.com/image/5342ef126da811ef6a... All of the yellow areas have 40-ft height limits -- even though huge corridors in the yellow areas have good transit, freeway access, etc. The Western half of the city is all single family homes or 2/3 unit apartments, it's insane: http://calphotos.berkeley.edu/imgs/512x768/1351_3151/4303/0043.jpeg http://calphotos.berkeley.edu/imgs/512x768/1351_3151/4303/00...
- Kinnard 10y agoInsane.