- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 18% of sellers in San Francisco are taking a loss on their House
Posted on 4/24/24 at 10:51 am to teke184
Posted on 4/24/24 at 10:51 am to teke184
San Francisco isn’t going to depopulate. This just reflects to of the overrated values that jumped up during the pandemic. I wouldn’t be surprised if the homes in this survey haven’t been sold multiple times in the last four years.
1
Posted on 4/24/24 at 11:05 am to LsuNav
Depopulate completely? No.
But changes to industries in and around the area will certainly affect demand.
SF’s three major economic tent poles are regular tourism, the financial industry, and conventions.
Two of those are being hurt by the condition of the city and the third is very mobile these days, doubly so since SF is not a city with an exchange like Chicago or NYC.
NYC has seen a huge bleed off of people from this industry and a number of banks in Cali have either failed or been endangered because of other big banks like JP Morgan poaching their clients.
This won’t kill the city completely but can feasibly make it to where SF is so overpriced that a lot of the current companies relocate, either to Silicon Valley or out of the area entirely, to where you are left with a hollowed out shell.
Think Detroit with a better climate.
But changes to industries in and around the area will certainly affect demand.
SF’s three major economic tent poles are regular tourism, the financial industry, and conventions.
Two of those are being hurt by the condition of the city and the third is very mobile these days, doubly so since SF is not a city with an exchange like Chicago or NYC.
NYC has seen a huge bleed off of people from this industry and a number of banks in Cali have either failed or been endangered because of other big banks like JP Morgan poaching their clients.
This won’t kill the city completely but can feasibly make it to where SF is so overpriced that a lot of the current companies relocate, either to Silicon Valley or out of the area entirely, to where you are left with a hollowed out shell.
Think Detroit with a better climate.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News