Why anyone would want to live there is beyond me.
Well, if you're an AIDS virus, I'm sure it's prime real estate.
I like the weather here, the employment salary is very high, our property value goes up about $5000 per year, getting out is great, beach at Santa Cruz is one hour, wine country and redwoods one hour, Yosemite 4 hours, the ocean I can hear from my back yard. Great neighbors. Lots of excellent restaurants... lots of reasons to live here.
Where else can you roll down your car window and smell homeless, tourists, liebrals and marijuana advocates at the same time?
I’m thinking Austin .. But.. SF leads the way.
It’s a beautiful city. I lived there for 10 years in the 70s and 80s and loved it, but I wouldn’t today, even if I could afford it.
“Why anyone would want to live there is beyond me.”
I was thinking the same thing early last evening after a sumptuous supper at the Rutherford Grill in the Napa Valley (smoked salmon, wedge salad, and a french dip gourmet sandwich), the wife and I drove across the Valley to the Silverado Trail and headed back down to Napa through the beautiful, manicured vineyards, just now leafing out. Then for a moment, I superimposed this picture on my last trip to Graham, Texas, and then I realized that I am the “anyone who would like to live here.” We live here and pay the freight because it’s worth it! I feel sorry for anyone who is so twisted up about the current politics that they fail the smell the roses, or even know how to do so. It must be indeed a sorry mindset that prevents you from seeing any good anywhere.
“Why anyone would want to live there is beyond me.”
Lived there awhile, its a great city in many ways. Lots of nutballs for sure; but its a big area and lots of good people. Like most places.
Used to be a strong military area.
What is making this the worst rental market is DRACONIAN rent control laws!!!! It is estimated that landlords have left 30,000 units UNRENTED because it’s that scary to be a landlord!
On my street alone, 4-5 units, which would rent, FMV, for $3,500+ per month are not on the market and standing idle. I mentioned this to a liberal neighbor and the response was that the government should FORCE landlords to rent!
It’s also another reason that AirBnB is so popular among SF property owners/would-be landlords: it’s a way to skirt the hideous rent control laws. Just renting a property at going hotel rates for 30 days is enough to cover the property’s expenses. Rent for longer and it’s gravy. Difi is on the warpath against this, but the people love it. Capitalism lives, at least for now.
Also add to that the number of units purchased by foreigners (largely Chinese) who never occupy them, but are using the units as one of the few ways to secure their assets which are not secure in China.