Yea, being from the bay area and growing up there, I really wouldn’t be worried with the housing prices or rush to sell. I think anyone who held on in San Francisco is sitting on massive profits and San Francisco, on the West Coast at least is probably considered the premier/BEST property market in the west. It obviously tops Seattle, San Diego, most parts of LA other than extreme coastal I believe due to what they offer.

I know my dad has sold places in the past which have now gentrified in SF and is probably selling for double now or even more. Everything he has purchased is way up I believe.

There really is little/no building other than small lot places if any is built and good luck with prices. You have 2 bedrooms apt even in Santa Clara / San Mateo counties going for insane prices for month. There’s also just way too much money there with every tech company having to be there (or most at least).

If I had property and I bought years ago, I’d just sit and I will be very comfortably just renting it all out…

I’m sure SF proper is far more resilient than near every place in the US (probably more than NY too due to low number of wall street types)….

Edit: Just for fun, I looked for the 1 bedroom apt I rented on the Peninsula area and the rent is now over 2k/month for 1 bed 1 bath. It’s DOUBLE than what I paid and this used to be a pretty bad area (relatively)…

Heck, it’s probably near 3k for 2 bed and that’s already more than my mortgage already now.

This is also why housing prices can’t go down since I’d assume for some people, if you aren’t making the IPO bucks, you might get old and tired and want a larger place for more comfortable lifestyle.