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Economy

question everything

(51,974 posts)

7. Wonder about this, too

Reply to still_one (Reply #2)

Sun Jul 8, 2018, 02:19 PM

Jul 2018

We lived in Orange County in the 90s. Owned an 1800 sq. ft house on a tiny lot. Paid $250K. The other day looked at Zillow - all the houses in this development, built in 1986, are now listed at $900K! This is crazy.

I imagine people who can afford it have sold their hyper priced home but at some point one need "stater homes" which, I suppose, are now above $500K.

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San Francisco home prices are now rising $205,000 a year. Yes, the cost is going up $561 per day. [View all] mahatmakanejeeves Jul 2018 OP

Enjoyed visiting SF Jake Stern Jul 2018 #1

I do not believe it is sustainable, and now that they limit the home mortage interest rate deduction still_one Jul 2018 #2

Wonder about this, too question everything Jul 2018 #7

In the Bay Area a good number of folks commute in from communities like Tracy, Stockton, etc, where still_one Jul 2018 #8

Everyone wants to be in San Francisco when the tumbler hits.... pbmus Jul 2018 #3

Holy Shit! BigmanPigman Jul 2018 #4

short inventory, demand for housing in SF Bay is insane AlexSFCA Jul 2018 #5

It's unsustainable, and a precursor to the inevitable repug recession. brush Jul 2018 #6