San Diego Housing Market News and Analysis
SF city RE prices down to 2017 prices due to crime wave and WFH
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Submitted by gzz on May 23, 2022 - 3:15pm
I am surprised I haven’t seen this covered before. Spent a few minutes on Zillow and saw a bunch of listings at 2017 prices or 0-10% above prior 2016 sales.
The city is famous for being anti-developer, but there were tons of new construction condos for sale. That’s not helping either.
I also saw a condo that rented for 4k a few years ago fail to rent for 3k for months and then switch the listing to a sale.
I saw also a few small complexes in nice renovated condition and no rent control issues for under 500k a unit.
Really sad and shocking what happens when anti-police politicians take over. They literally elected as their DA a guy who is opposed to bail and is the son of a terrorist couple who murdered two police officers while robbing an armored truck.
While it had its issues even then, SF of 2019 was still an amazing place and the center of techie culture. In 2021 Mission St was like a bombed out war zone and refugee camp, when it was full of unique restaurants boutiques and showcases.
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