November 28, 2006
Expectation Setting: San Francisco Appreciation
It’s not the “bubble-proof” moniker that caught our attention, but the measure of San Francisco’s long-term (1949-2006) average annual home price appreciation (4.2%).
∙ Business 2.0: Bubble-proof markets [CNNMoney]
First Published: November 28, 2006 1:18 PM
Comments from "Plugged In" Readers
As a bubblesitter, I'm definitely hoping for some mean reversion, regardless of if it's this 4.2% or the 8.0% put out by the CAR.
That aside, I had heard that the resistance to developing Treasure Island had been overcome, and a huge new project was about to break ground there. Has anyone else heard the same?
Posted by: Dude at November 28, 2006 4:32 PM
The stats are misleading. What happens if you take out the 40-100% appreciation in the past 4 years. The afford bility index is an important statistic and that number is down a few percentage points. What happens when the affordability index goes to zero? OK, so that's not going to happen, but as it declines it prices more people out of the market and that must come into balance, either by increased wages, or declines in RE prices.
Posted by: eddy at November 28, 2006 7:23 PM
either hyperinflation of wages or major correction is in order over the next couple of years in my opinion
I vote for the prior in that the evil federal reserve likes to steal money from the savers of America (through inflation)
Posted by: Anonymous at November 28, 2006 9:06 PM
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