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Old 06-01-2016, 05:40 PM
 
Location: Northeast
1,153 posts, read 631,378 times
Reputation: 1071

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Rents falling for New York, San Francisco - Business Insider
San Francisco house prices slowdown - Business Insider

That's right. Rental prices are falling in San Francisco as well as New York City. I already suspected that this cycle was inevitable.
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Old 06-01-2016, 06:48 PM
 
1,099 posts, read 901,738 times
Reputation: 734
Hilarious. Did you even read the article you posted?
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Old 06-01-2016, 07:47 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,572,211 times
Reputation: 16698
the 2nd article is an oldie . Seriously, $735 for a 2 bedroom in San Francisco. Why should that person be gifted living in one of the world's great city far below what it would cost to live in a craphole elsewhere. I can't afford to live in San Francisco so I live somewhere else. That's life . . live within your means and if you can't afford it, you need to change.
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Old 06-01-2016, 08:04 PM
 
Location: Northeast
1,153 posts, read 631,378 times
Reputation: 1071
Quote:
Originally Posted by aslowdodge View Post
the 2nd article is an oldie . Seriously, $735 for a 2 bedroom in San Francisco. Why should that person be gifted living in one of the world's great city far below what it would cost to live in a craphole elsewhere. I can't afford to live in San Francisco so I live somewhere else. That's life . . live within your means and if you can't afford it, you need to change.
I absolutely agree.
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Old 06-01-2016, 08:52 PM
 
10,920 posts, read 6,912,422 times
Reputation: 4942
Quote:
Originally Posted by GuitarHero45 View Post
Rents falling for New York, San Francisco - Business Insider
San Francisco house prices slowdown - Business Insider

That's right. Rental prices are falling in San Francisco as well as New York City. I already suspected that this cycle was inevitable.
Are prices actually coming down? Or is the rate at which prices are climbing slowing down (i.e. Still going up, just not as fast as before!). Reading the article seems to suggest the latter?

I think what we're witnessing is basically prices are reaching a ceiling in SF. I don't foresee any imminent crash in prices in the upcoming future, maybe a 10-15% drop at most. But hey, I'm not an economist!
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Old 06-01-2016, 09:01 PM
 
4,369 posts, read 3,724,709 times
Reputation: 2479
Quote:
Originally Posted by HockeyMac18 View Post
Are prices actually coming down? Or is the rate at which prices are climbing slowing down (i.e. Still going up, just not as fast as before!). Reading the article seems to suggest the latter?

I think what we're witnessing is basically prices are reaching a ceiling in SF. I don't foresee any imminent crash in prices in the upcoming future, maybe a 10-15% drop at most. But hey, I'm not an economist!
Classic 2007.
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Old 06-01-2016, 09:28 PM
 
1,099 posts, read 901,738 times
Reputation: 734
Quote:
Originally Posted by HockeyMac18 View Post
Are prices actually coming down? Or is the rate at which prices are climbing slowing down (i.e. Still going up, just not as fast as before!). Reading the article seems to suggest the latter?
That's exactly what it suggests

But hey, break open the bottles of champagne!

It now projects a revenue increase of 4.0% to 4.5% for 2016, down from the original estimation of 4.5% to 5.0%.

Kinda sounds like the way our government claims savings when they don't spend as much as they projected. I often tell my wife when she tries to tell me how much money we've saved when she buys things on sale, that unless the savings account is going up, we're not saving anything.
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Old 06-01-2016, 11:20 PM
 
423 posts, read 610,331 times
Reputation: 417
Check out this report.

http://www.corelogic.com/downloadabl...home-sales.pdf

Year over year, sales volume dropping (probably due to lack of inventory); prices are still up vs last year.

Good luck guitar hero. Not sure what is your angle. Keep waiting and wishing.
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Old 06-02-2016, 10:08 AM
 
1,156 posts, read 987,463 times
Reputation: 1260
Quote:
Originally Posted by bodyforlife99 View Post
Hilarious. Did you even read the article you posted?
Minor little details... So a slowdown in rent growth now means prices are falling. Amazing at the lack of reading comprehension on this site.
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Old 06-06-2016, 11:07 PM
 
Location: "Silicon Valley" (part of San Francisco Bay Area, California, USA)
4,375 posts, read 4,070,925 times
Reputation: 2158
Quote:
Originally Posted by aslowdodge View Post
I can't afford to live in San Francisco so I live somewhere else.
Can't afford to live in San Francisco, or can't afford the specific type of housing you want? There is a big difference. People who make $12.25 per hour live in SF (12.25 is the minimum wage in SF), so if you make more than that, you can definitely live here. Just not necessarily in the type of housing you want.

$500/month in the Richmond district of SF. get a room for yourself, share the apt with others who live in separate rooms.


Quote:
That's life . . live within your means and if you can't afford it, you need to change.
Yeah, get roommates or move into smaller quarters or rent. You don't have to leave the area.

Last edited by neutrino78x; 06-06-2016 at 11:16 PM..
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