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San Francisco was one of the tightest real estate markets in the country for years. Even doubling inventory doesn't make it a buyer's market.
by twblalock 6y ago
San Francisco was one of the tightest real estate markets in the country for years. Even doubling inventory doesn't make it a buyer's market.
- bradlys 6y agoDoubling it won't even make it close to other markets. https://www.zillow.com/research/data/ https://www.zillow.com/research/data/ Looking at it doesn't even make sense to me. I'm looking at "For-Sale Inventory (Raw, All Homes, Monthly/Weekly)" and getting the same numbers for the previous year in June. (Around 5,000-6,000) Where's this huge 96% increase...?
- refurb 6y agoNot only that, but listings plummeted with Covid. I'd be interested to see how the cumulative inventory compares to this time last year. If all those people who were going to sell in March, April and May just delayed until now, you'd see a big jump in inventory, but the overall number of homes changing hands might not have changed.
- 1DRACOSEA8 6y agoI said no to Amazon for this Defense startup. Tons of options, cash, and fringe benefits. I am now, after seven or so years of calling myself a Gay San Franciscan Techie (immigrant) in a position of deciding whether buying a home in San Francisco is opportune seeing that I cannot seem to leave the city and could use the motivation. I have a big percentage of leverage in terms of implied income/cash flow/credit etc. Just don’t know if I’d be better off elsewhere maybe 70 miles upward of SF. I love Portland, it’s cheaper than here. Seems unexplored, in spite of how eponymous they’ve become. Portland ticks all my boxes. I have family with me here and they do not like the cold weather (we’re from Miami).