[quote=spdrun]I can understand the environmental aspect, but you’re speaking as if SF home prices are a good thing for anyone other than entrenched baby boomers and specuvestors.[/quote]
First and second time homebuyers have to start somewhere. Historically, that hasn’t been San Francisco. Why should it be any different today? SF was one of the world’s most expensive cities in 1955, 1985 and 2005, and remains so today. There are several good reasons for that.
Do you think those “entrenched baby boomers” (and older) current property owners in SF woke up one day when they were 25 years old and said, “I’m going to go buy me a property in SF?”
Do you expect SF to be “affordable” to Gen Y to buy into it today?
