patrick.net

They say condos fall first. Why would anyobdy want to live in that shit (literally) hole?

Well, the natural location remains what it is, really beautiful.

I just wish it were populated by sane people.

We just sold our Oakland hills flip to a couple who moved out of SF. I guess SFH is in high demand. We got a great price for it so you can say both parties are happy.

https://www.redfin.com/CA/Oakland/4266-Maple-Ave-94602/home/1913776

Eman says

I guess SFH is in high demand

Older millennials are getting out of mom and dad's basement. Married. Starting to have kids. Working in Chicago real estate for a decade, kids and condos don't mix. We're going to see more subdivisions popping up again and I think this whole virus decimating cities and not more rural areas has an impact. That and BLM destroying cities. And the people in cities tend to suck as well.

Bonzo says

Condo Boom Turns to Historic Condo Glut in San Francisco

In San Francisco, the erstwhile housing “shortage” and inventory “shortage,” hyped to the nth degree by the industry, has now turned into a historic inventory glut.

Real estate has been intentionally driven up as much as possible everywhere in the country and most of the world. This is because the West has had a false economy for two solid decades. As long as real estate goes up, and people have "equity" in the property, they feel free to waste money to prop up the economy.

The end of this is when people simply stop purchasing homes. We might be there.

What follows is wage inflation and massive foreclosures I think - this was the 1970s - but this time, the US is no longer the lender to the world, it's the world's largest debtor.

richwicks says

What follows is wage inflation and massive foreclosures

Where will the wage inflation come from? We would need a really tight job market for that.

richwicks says

What follows is wage inflation and massive foreclosures I think

I don't know about that.

The massive money printing will lead to higher prices for stuff we buy from abroad, and also stuff we can peddle abroad. Wages isn't one of those.

Fuck San Francisco!

San Francisco has definitely taken an ominous turn. It's really creepy now. Used to be kind of a party atmosphere.

When SF lopped off the statue of Christopher Columbus to please BLM terrorists, they also killed the soul of the city.

Patrick says

Where will the wage inflation come from? We would need a really tight job market for that.

Patrick, your question has been inadvertently answered by B.A.C.A.H.

B.A.C.A.H. says

The massive money printing will lead to higher prices for stuff we buy from abroad, and also stuff we can peddle abroad. Wages isn't one of those.

We are going back to being an producer economy, with a little luck. Us white collar twats are fucked, but it's a small price to pay to preserve the middle class. No middle class == no country, we'll be a 3rd world nation if the middle class, blue collar worker, isn't brought back.

Preservation of the blue collar middle class is absolutely essential. They make all the food we live off from, and they keep us a democratic republic. They have been intentionally, systematically destroyed by the deep state, to end the democratic process.

So we as a nation might be manufacturing shoes, clothing, televisions, washing machines, hair dryers, rugs, paints, chairs - whatever. Prices will go up, good. This is for the long term good of the nation. If manufacturing comes back, so does wage inflation - but so does a democratic process. That's what the establishment is desperate to prevent.