4 ms·
"There was a huge housing crash 20 years ago, and large swaths of the city were extremely affordable" IIRC that was caused by the 1989 earthquake - all the tra
by fibbery 13y ago
"There was a huge housing crash 20 years ago, and large swaths of the city were extremely affordable"
IIRC that was caused by the 1989 earthquake - all the transplants got scared and moved and rent got affordable as a result.
- rhizome 13y agoNah. Though it's possible some people vacated for that reason, it's more a misconception. Plus, carpetbaggers are always in and out of the city, earthquake or no. There was a recession from 90-92 and a nationwide housing bust around that time due to some tax changes under Reagan that fed overbuilding in the late 80s.