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  • San fran takes the biggest dump

    From ScottW@21:1/5 to All on Thu Feb 23 09:22:16 2023
    “The total value of San Francisco homes fell 6.7% year over year to $517.5 billion in December (a $37.3 billion decline)—a larger drop in percentage terms than any other major U.S. metropolitan area.”

    ScottW

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  • From mINE109@21:1/5 to ScottW on Thu Feb 23 16:04:53 2023
    On 2/23/23 11:22 AM, ScottW wrote:
    “The total value of San Francisco homes fell 6.7% year over year to
    $517.5 billion in December (a $37.3 billion decline)—a larger drop in percentage terms than any other major U.S. metropolitan area.”


    I wonder if this has anything to do with mortgage rates doubling over
    the last year combined with tech layoffs in Silicon Valley.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to All on Thu Feb 23 15:29:00 2023
    On Thursday, February 23, 2023 at 5:04:56 PM UTC-5, mINE109 wrote:
    On 2/23/23 11:22 AM, ScottW wrote:
    “The total value of San Francisco homes fell 6.7% year over year to $517.5 billion in December (a $37.3 billion decline)—a larger drop in percentage terms than any other major U.S. metropolitan area.”
    I wonder if this has anything to do with mortgage rates doubling over
    the last year combined with tech layoffs in Silicon Valley.

    You are partly correct.
    It probably has to do with all of these (in no particular order): increased interest rates, tech layoffs,
    corporate relocations, high taxes, crime, quality of life (poop in the streets)

    --- SoupGate-Win32 v1.05
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  • From ScottW@21:1/5 to All on Thu Feb 23 17:06:08 2023
    On Thursday, February 23, 2023 at 2:04:56 PM UTC-8, mINE109 wrote:
    On 2/23/23 11:22 AM, ScottW wrote:
    “The total value of San Francisco homes fell 6.7% year over year to $517.5 billion in December (a $37.3 billion decline)—a larger drop in percentage terms than any other major U.S. metropolitan area.”
    I wonder if this has anything to do with mortgage rates doubling over
    the last year combined with tech layoffs in Silicon Valley.

    and crime, and sidewalks full of human feces and needles and working remotely.

    Every city faces all these issues, but San Fran is number one in decline.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to ScottW on Thu Feb 23 17:10:48 2023
    On Thursday, February 23, 2023 at 8:06:15 PM UTC-5, ScottW wrote:
    On Thursday, February 23, 2023 at 2:04:56 PM UTC-8, mINE109 wrote:
    On 2/23/23 11:22 AM, ScottW wrote:
    “The total value of San Francisco homes fell 6.7% year over year to $517.5 billion in December (a $37.3 billion decline)—a larger drop in percentage terms than any other major U.S. metropolitan area.”
    I wonder if this has anything to do with mortgage rates doubling over
    the last year combined with tech layoffs in Silicon Valley.
    and crime, and sidewalks full of human feces and needles and working remotely.

    Every city faces all these issues, but San Fran is number one in decline.

    ScottW

    Portland or Seattle might be worse.
    It's tight race to the bottom

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Fri Feb 24 09:37:19 2023
    On 2/23/23 7:06 PM, ScottW wrote:
    On Thursday, February 23, 2023 at 2:04:56 PM UTC-8, mINE109 wrote:
    On 2/23/23 11:22 AM, ScottW wrote:
    “The total value of San Francisco homes fell 6.7% year over year to
    $517.5 billion in December (a $37.3 billion decline)—a larger drop in
    percentage terms than any other major U.S. metropolitan area.”
    I wonder if this has anything to do with mortgage rates doubling over
    the last year combined with tech layoffs in Silicon Valley.

    and crime, and sidewalks full of human feces and needles and working remotely.

    A couple of blocks SOMA and the Tenderloin. Imagine how bad it would be
    if they'd gotten tough on time like Sacramento:

    https://www.cjcj.org/reports-publications/report/san-franciscos-crime-rates-fall-while-sacramentos-tough-on-crime-da-presides-over-rising-violence

    "Conclusion: If California is to move away from a simplistic debate on
    crime inflamed by sensational anecdotes, viral videos, false claims, and tough-talking cliches, political leaders and media reports must move
    toward consistent analysis of documentable trends."

    Every city faces all these issues, but San Fran is number one in decline.

    When you're on top, there's more decline possible.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to All on Fri Feb 24 12:45:11 2023
    On Friday, February 24, 2023 at 10:37:22 AM UTC-5, mINE109 wrote:
    On 2/23/23 7:06 PM, ScottW wrote:
    On Thursday, February 23, 2023 at 2:04:56 PM UTC-8, mINE109 wrote:
    On 2/23/23 11:22 AM, ScottW wrote:
    “The total value of San Francisco homes fell 6.7% year over year to >>> $517.5 billion in December (a $37.3 billion decline)—a larger drop in >>> percentage terms than any other major U.S. metropolitan area.”
    I wonder if this has anything to do with mortgage rates doubling over
    the last year combined with tech layoffs in Silicon Valley.

    and crime, and sidewalks full of human feces and needles and working remotely.


    A couple of blocks SOMA and the Tenderloin.

    No. It's a whole lot more, and larger, locations
    I refer you to this map: https://assets3.thrillist.com/v1/image/1880820/1584x1022/scale;jpeg_quality=60.jpg

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)