How bad is the DOOM LOOP in San Fran? Most commercial building have lost 50% up to 90% of their value. That means property tax collections are going down, while government spending is going up. Now we find the value of housing in the dead city of San Fran is going down—and more property tax is being lost.
“San Francisco is the only major U.S. city where it’s cheaper to buy a home now than it was five years ago, according to data from real estate listing site Zillow.
Of the 100 largest U.S. cities by population, San Francisco is the single example that saw home values fall between November 2019 and November 2024, based on what the company calls the “Zillow price index.”
In the whole of the nation, San Fran is the ONLY city to lose value!! Must make the Progressive Democrats proud.
SF is the only U.S. city where it costs less to buy a home now than it did in 2019
By Kevin Truong, SF Standard, 12/22/24 https://sfstandard.com/2024/12/22/san-francisco-home-values-down/?utm_campaign=SF+Standard+Daily&utm_medium=email&utm_source=SF+Standard&utm_content=most-popular-list
San Francisco is the only major U.S. city where it’s cheaper to buy a home now than it was five years ago, according to data from real estate listing site Zillow.
Of the 100 largest U.S. cities by population, San Francisco is the single example that saw home values fall between November 2019 and November 2024, based on what the company calls the “Zillow price index.”
