North Gate News Online :: City Real Estate Professionals Dispute Report of Falling Prices
“It’s not the kind of market where you hear that buyers are getting the upper hand,” Stone said. “A lot of the time buyers think, ‘Oh, the prices are going to fall.’ It’s not that way at all.”
Many agents think that supply and demand is what keeps San Francisco’s real estate market much healthier than the rest of the country.
“It’s everybody’s favorite city,” Costello said. “For all the reasons everybody wants to be here—weather, culture, sports, views, close to skiing, lifestyle, restaurants, diversity.”
Weather, culture, sports, views, skiing, lifestyle, restaurants and diversity.
How many of those can you afford when you’re spending 50%+ of your gross income on a mortgage?
How often will you go skiing when you’re eating PB&J on weekdays/splurging for ramen on weekends?
Maybe that is the lifestyle!