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APOCALYPSEFUCKisShostikovitch says
Of course. Add a zero! They're small!
Real estate prices should be listed in logarithms to save time reading the loooooooooong strings of digits in upcoming listing prices.
(For Realtors, who can barely read Arabic numerals anyway, the change will be explained by saying "Number bigger now! Duh!")
APOCALYPSEFUCKisShostikovitch says
They're small!
Cozy! You've never been so cozy as when you're wrapped securely in your 33-gallon Hefty condo bag, with the feeding hole at the top and the convenient cinch tie for when you fall behind on your ARM payments.
"There is a lot of cash in the Bay Area," he added. "The IPOs in tech and biotech are back. We see a lot of young people with more liquidity than we have seen in the past."
Above pretty much summarized what is happening. These youngsters, usually unmarried, love condos vs Babyboomers who prefer SFHs.
Median condo prices in San Francisco are now above $830,000, about 8.2 percent higher than the peak reached right before the economic crash in early 2008. The latest Standard & Poor's/Case-Shilling home sales price index shows that San Francisco prices have jumped 23 percent in the past year.