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I don't know if my random insight is spot on or not, but that's what came to mind. Most new property being built in SF proper is being used as secondary housi
by inferiorhuman 7y ago
I don't know if my random insight is spot on or not, but that's what came to mind.
Most new property being built in SF proper is being used as secondary housing for rather wealthy folks. I'm sure some of it is also being soaked up in an attempt to expatriate money (kinda like what you see in Vancouver).
It's someone else's house in some sense but not likely what you're thinking.
- 0xB31B1B 7y agoThis isn’t true at all. The vast majority of housing being built is used as the primary residence for SF residents, people from SF move into these new buildings and open up cheaper units in older buildings.
- inferiorhuman 7y agoThis isn’t true at all. The vast majority of housing being built is used as the primary residence for SF residents, people from SF move into these new buildings and open up cheaper units in older buildings. https://sfist.com/2014/09/30/almost_half_of_newly_built_condos_i/ https://sfist.com/2014/09/30/almost_half_of_newly_built_cond... I don't think that's changed appreciably in five years.