4 ms·
The NIMBYism here is, at this point, an intentional plan to price people out. We basically hate that we have to have open borders with the rest of the US.
by zjp 3y ago
The NIMBYism here is, at this point, an intentional plan to price people out. We basically hate that we have to have open borders with the rest of the US.
- infotainment 3y agoYup — it’s pretty clear that if they could, most California towns would want an application and interview process to move there. (And of course everyone who applies would be rejected)
- JumpCrisscross 3y ago> most California towns would want an application and interview process to move there My hometown, Cupertino, was forced by the state to build low-income housing. They designated it low-income senior housing, and the application process strongly favours existing residents.
- tempsy 3y agoYet I see condos in SF even in good areas outside of downtown sell for the same price as a decade ago https://www.zillow.com/homedetails/2200-Market-St-APT-404-San-Francisco-CA-94114/125217860_zpid https://www.zillow.com/homedetails/2200-Market-St-APT-404-Sa...
- rwbt 3y ago> $759/mo HOA. That's why.
- seanmcdirmid 3y ago$759 HOAs sound cheap to me actually.
- rwbt 3y agoReally? That's crazy. I imagine these are full service HOAs that take care of landscaping and provide other services?
- hellcow 3y agoI pay $480/mo for a CA-based HOA and receive very few services. A large chunk of that money goes toward insurance and maintenance. You start seeing real services (pool, etc.) at $1500+/mo.
- tempsy 3y agothat’s typical of any new construction condo
- tqi 3y agoI think this is a unique circumstance. Market at 15th is not really a good area IMO - while it is close to Duboce Triangle (which is very nice), the road noise from Market combined with proximity to the sketch part of SOMA[1] make it fairly undesirable. But in 2014 when the building was brand new, there were many new developments going up in that area (Whole Foods opened around that time), so my guess is buyers were betting that the area would improve rapidly, and that was priced in. 10 years later, it seems pretty clear that that optimism was misplaced, so that premium evaporated. [1] For example, that Safeway a block away is quite rough: https://www.sfgate.com/bayarea/article/safeway-2020-market-street-problems-16663711.php https://www.sfgate.com/bayarea/article/safeway-2020-market-s...
- tempsy 3y agothere’s nothing “rough” about that area i live right over there. you can pick a dozen other condos in SF outside of downtown being listed today and doubt any of them are selling for much more than a decade ago if at all. this is not an uncommon situation right now.
- deleted 3y ago[deleted]
- onlyrealcuzzo 3y agoExcept California wants as much immigration as possible to keep pumping up home prices as much as possible. Limit supply, increase demand.
- tonymet 3y agobingo