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SF Real Estate Overpriced? I don't think so
invite response
2013 Aug 17, 2:27am 24,628 views 51 comments
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50
mell
2013 Aug 19, 11:51am
Manipulated markets don't need a normal. Housing is never going to go down.
I agree.
60% all cash,
Most others, some ratio north of 20%.
Nobody who is all cash in a house is selling for a loss, even in a down market.
Why would you sell for a loss, when you can rent and make a annual profit while waiting out equity or the market to return.
To a certain extent yes, but we will see them drop again, nobody wants to sit in dead money either and rents will be capped by what people can afford. Then there is upkeep..
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I am admittedly a geography nerd to the 10th degree. There is a great deal of hand wringing about the 'over-priced' real estate in San Francisco. Actually, I believe it is still a bargain. Folks often make illogical comparisons. Such as why does average real estate cost upwards of $1000/SF in San Francisco, but $80/SF in a place such as Nashville, TN? Many think that because RE costs 10x more in SF vs Nashville, that real estate here is over-priced. But when you consider that venture capital investment here is hundreds of times more, than it puts a different spin on things....
http://www.theatlanticcities.com/jobs-and-economy/2013/08/why-san-francisco-may-be-new-silicon-valley/6295/
#housing