The median home price in Oakland, California has surged by 1

File: 7-16_Bay-Area_Median-House-Price-Appreciation_since-2011.jpg (463KB, 757x794px) Image search: [Google]

463KB, 757x794px

The whole Bay Area has experienced ludicrous appreciation

>>1461805
The area of San Francisco is, in a geographic sense, small. You just can't build a lot on such little land. And with everyone going full NIMBY, I'm not surprised in the slightest that these prices are still climbing.

Same goes for up here in the Northwest. Both Seattle and Portland are small landmasses trying to cater to the demands of hundreds of millions of potential inhabitants while hearing the constant NIMBY drumbeats by boomer residents.

Everybody loses in the end.

>>1461825

How long do you think is left before it all blows up?

It seems already to have reached ludicrous levels. If it lasts another year, I'll be surprised.

>>1461805
After another San Andreas earthquake levels this whole area their houses won't be worth shit.

>>1463189

Vancouver sales have ground to a halt, it's arguably the most overvalued housing market on Earth, and once it goes toxic, it will send shockwaves down the entire west coast.

>>1461805
Real estate always goes up. You'll always make more money too! Buy now or be priced out forever!! If you have "to sleep on it" you may not sleep in it!!!

>>1461825
>The area of San Francisco is, in a geographic sense, small

yes but that's not the main limiting factor. manhattan is about half the size of the san francisco peninsula. as I look out of my window right now at 100 van ness, I see only a handful of buildings that are higher than six stories

this place needed to start building dozens of 20-30 story high buildings years ago. the city government is full of idiots pushing rent control and insane zoning requirements

>>1463229

>what is home insurance