Jonathan Garrett (jonathangarrett) wrote,
Jonathan Garrett
jonathangarrett

MEANWHILE IN SAN FRANCISCO

Minus two very brief pauses in 2003 and 2009, the San Francisco Bay Area has been in one continuous housing bubble since I arrived nearly 15 years ago.

The average one bedroom apartment now rents for more than $3,000 a month.

Some houses have appreciated more than $2 million since 2011. For example, this house appreciated at a rate of nearly $63,000 A MONTH over the past three years--with no renovations.

And we are now above prices set during the last bubble.

Tags: housing bubble
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