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Hmm. They're dressing the SF homeless in spotted owl, dolphin, and delta smelt costumes to gain the sympathies of the google oligarchs who like to pretend they are environmentally sensitive.
Housing has dropped 13.3 percent, but the cost of heavy corrugated cardboard and plastic tarps have gone up 30 percent.
Was this published in the Onion?
Or are you just hell bent on making America! Really fucking shitty again?
The median price of a home in San Francisco fell 13.3 percent from April to May
While that may be good news, why didn't you jump all over the stories of exploding rents over the last 5 years?
"today’s renters’ rights movement is centered in the collection of suburbs and bedroom communities that fill the peninsula south of the city. Here, the collision of tech riches with decades of slow-growth development measures has pushed rent prices up about 50 percent over the last five years,"
Your entire readership was deluded into thinking that rents cannot rise given the market conditions at the time - a myth you fostered til it was too difficult to ignore and you gave up on this as a housing site and turned it into a non-pc bullshit site. Are you just going to now ignore the last 5 years of failures and focus instead on the next crash?
http://patrick.net/Housing+-+I+was+wrong%2C+and+I+am+sorry.anonymous says
JasonM - there is this really neat thing I discovered 60 some years ago - it's called personal responsibility - try it you might like it
I am a big fan of it BAO, see here:
http://patrick.net/Housing+-+I+was+wrong%2C+and+I+am+sorry.
I wish everyone on here would embrace their inner dipshit and admit how royally they fucked up in the past - starting with our host.
More people in the lower priced quartiles are leaving SF than people in higher quintiles. Not that surprising.
You could have prices going up, but the median going down if a majority of transactions are in the lower quartiles.
from http://www.nytimes.com/2016/07/05/us/san-francisco-considers-tax-on-tech-companies-to-pay-for-booms-downside.html
#housing #tech