San Francisco was one of the leading cities in the world when it came to the appreciating price of real estate. Over the past decade, you will find few places that appreciated more than the Bay Area.
What makes San Francisco so hot is the fact that many tech workers are moving in with their high salaries. This forced prices up higher to the point of unaffordability but for the most elite.
81% of San Francisco homes are worth $1 million or more, vs. U.S. average of 4%
This is by far the highest ratio in the nation.
Great post!
Thanks for tasting the eden!
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