4 ms·
I think those of us who haven’t bought a house are rooting for it (the entire housing market, I’ll never live in SF so I don’t particularly care what happens in
by tekknik 4y ago
I think those of us who haven’t bought a house are rooting for it (the entire housing market, I’ll never live in SF so I don’t particularly care what happens in that city) to fall, but then think of the many people who will now be upside down on mortgages and what happens when they decide to just let their credit take a hit instead of eating $1mil or more in lost value.
The solution to make this a comfortable transition is to slowly drain businesses out of SF and spread them around to different cities and states. Ease into it instead of hoping to wake up to a bloodbath.