San Francisco Home Prices Slide in Stark Turn for Costly City

Also known as 'San Franciso starts to become more affordable, despite efforts of city council.'

With the rising costs of everything in your weekly life, taking on a ridiculous SF mortgage when there are flexible WFH options just isn't worth it for many.

I wonder how many SF based tech companies are waiting for their multi-year leases to expire.

For context:

A quick search on Trulia shows the most affordable home in a decent area (near panhandle / fillmore where I used to live) is $465,000 for a 1-bed, 1-bath condo. It is a BMR (Below Market Rate) unit, meaning if you earn more than $85,000 or so per year, you are not eligible.

Meanwhile, condos in Austin, TX start around $200,000 in decent areas (near UT Austin), and they are not "BMR / restricted".

7% reduction. So a $2 million home in SF is now $1,860,000.

Wow. I happen to have $1.86 million in cash in my wallet right now, but not $2 million. I guess I can by that home in SF today. Lucky me.

But seriously, when do you think the property value will fall 95% so that I can buy a house in SF?