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re: 18% of sellers in San Francisco are taking a loss on their House
Posted on 4/24/24 at 9:45 am to Dire Wolf
Posted on 4/24/24 at 9:45 am to Dire Wolf
When Cali real estate is selling for a loss, things are fricked.
Granted, I bet a huge number of the people buying are doing so as investments for the long term and think a short term loss is fine. Doesn’t work if the city itself becomes less desirable to live in and depopulates.
Granted, I bet a huge number of the people buying are doing so as investments for the long term and think a short term loss is fine. Doesn’t work if the city itself becomes less desirable to live in and depopulates.
2
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.
Posted on 4/24/24 at 12:05 pm to teke184
quote:
When Cali real estate is selling for a loss, things are fricked.
I’m out here in Santa Barbara right now. It’s beautiful, but at some point you have to realize there’s more to life than weather.
I think my house on the Florida coast is crazy expensive, until I talk to someone here who owns a condo in Venice that cost $1.7 million.
At some point, something has to give.
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