SF's prices are crazy and probably not sustainable long term (i.e. there will be an eventual correction).
The amount of cranes in the area around market/SOMA is crazy, so hopefully when new inventory into play stuff starts to even out. However, while prices may stabilize it's not looking good for the middle class.
Anyway - though I'd love to live in the City for a bunch of reasons - we own in the east bay.
Age: 31
Own a house
East Bay, CA
Married. I'm in accounting, wife has own business.
We got a good deal back in late 2010 and put in a ton of work. Even factoring in a bubble correct in price, we still have a nice cushion of equity (50%).
The amount of cranes in the area around market/SOMA is crazy, so hopefully when new inventory into play stuff starts to even out. However, while prices may stabilize it's not looking good for the middle class.
Anyway - though I'd love to live in the City for a bunch of reasons - we own in the east bay.
Age: 31
Own a house
East Bay, CA
Married. I'm in accounting, wife has own business.
We got a good deal back in late 2010 and put in a ton of work. Even factoring in a bubble correct in price, we still have a nice cushion of equity (50%).