First there was Real Bay Area – which is defined as… well… the Real Bay Area. As opposed to the geographic Bay Area which spans 9 counties, 101 cities, and includes places that no one thinks of when you say Bay Area, like Novato, Lafayette, Belvedere, etc. The Real Bay Area is a place where house prices always go up – it is the engine of our nation’s economy – it is a place where smart people go to live.
The Real Bay Area used to include San Francisco… but apparently, it only includes the Real San Francisco:
SFHomeBlog.com – A San Francisco Real Estate Blog: SF is finally ‘officially’ a Buyer’s Market
Despite month’s of negative news regarding real estate, San Francisco has proven amazingly resilient to price decreases (southern neighborhoods such as South of Market not withstanding) that is, until quite recently.
Ouch. Sorry SoMA. You’re now no longer in RSF, and thus no longer in RBA. (Was it a really surprise to any readers here though? After all… how can you compare the boring culture of SoMA to that of Palo Alto and Cupertino?)
Don’t worry – you have the whole year to recuperate!