Is San Francisco Real Estate Still A Good Investment?

San Francisco Home Price Appreciation While home prices typically keep pace with inflation, the meteoric rise in San Francisco home prices has outpaced even the most optimistic expectations.

Working From Home Permanently

As per Business Insider, a survey of thousands of SF Bay Area techies found that 2 out of 3 would consider leaving if they could permanently work remotely

As soon as several companies began offering the option to work from home permanently; employees considered the arbitrage opportunity.

Effect of Work From Home on the San Francisco Real Estate A slew of articles followed, painting a dire picture of the San Francisco housing market. The gist of these articles was 1. Technology firms moving to a remote working environment would lower the salaries by having the option of hiring workers in different geographies.

Challenges of San Francisco In the last decade, San Francisco has gotten bad to worse. I’ll be the first to admit this unfortunate fact. 1. Lots of local businesses have shutdown and it is hard for new ones to open or operate due to onerous San Francisco regulations.

While we may not agree with everything he says, there are nine decades of wisdom buried in Warren Buffett’s quotes.

1. Increased number of homeless coming to San Francisco due to the free hotel stay which also includes alcohol, marijuana and tobacco delivered. 2. City has more renters compared to owners. Also the rent control laws are one of the worst in the country except maybe NYC.

Still Bullish On San Francisco Real Estate Inspite of all the above mentioned issues; I am still bullish on the San Francisco Bay Area. We may not see the astronomical price increases; but I would not expect a substantial drop in value either.

Startups Anyone who talks about remote work; has never worked in a startup environment. In the early days of founding a company; it requires almost a 24*7 dedication to working on several issues all at once with everyone pitching in, irrespective of their skills.

Accelerator Programs

San Francisco Bay Area is more than San Francisco city. In fact, the movement of startups to the city has been a more recent phenomenon. Most of the accelerator programs have been centered around Stanford campus in the San Mateo and Santa Clara counties.

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