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by bombcar
1318 days ago
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Housing is a very "tipping point" thing - if there are 100 houses for sale and 101 buyers, prices will rise until one buyer drops out. If there are 100 houses and 99 buyers, prices will drop until another buyer appears or a seller takes a house off the market. It's not exact, but small changes can have large effects. However SF likely has a huge waiting list of people who would like to move in, so it's not likely to take effect immediately. |
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Unlikely -- take a look at the average rent trends. It hasn't recovered to even pre-pandemic levels. https://www.zumper.com/rent-research/san-francisco-ca