3 ms·
DC's household median income is 75k. [1] Your "unaffordable" condo is 4x the household median income. In SF, the median household income is 84k. [2] The median
by eldavido 10y ago
DC's household median income is 75k. [1] Your "unaffordable" condo is 4x the household median income.
In SF, the median household income is 84k. [2] The median 1br sale in SF was for 827k. [3]
I'm willing to debate what constitutes "affordable" but let's call a spade a spade. SF is in an entirely different league of affordability than DC. And my contention is that anti-development policy plays a big part in it.
[1] https://www.washingtonpost.com/news/local/wp/2016/09/15/d-c-and-maryland-have-the-highest-median-incomes-in-the-country/?utm_term=.c44c893f1529 https://www.washingtonpost.com/news/local/wp/2016/09/15/d-c-...
[2] http://www.sfhip.org/index.php?module=DemographicData&type=user&func=ddview&varset=1&ve=tab&pct=2&levels=-1&varid=2419&vl=tb&sregcomp=1 http://www.sfhip.org/index.php?module=DemographicData&type=u...
[3] https://www.trulia.com/real_estate/San_Francisco-California/market-trends/ https://www.trulia.com/real_estate/San_Francisco-California/...