Bay Area dominates million dollar home values

I remember a million dollar home used to look like million dollar home back in the day, they were massive... now those homes get you a shack... lol😂

it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

The people leaving the Bay Rea never owned a home. And those that own a home cannot afford to leave.

million bucks to live next to a homeless fentanyl camp? 🤣

Realtors also drive up prices because it directly increases the amount they skim off the top for a few hours of work.

Hmmm I’m starting to think only building unaffordable housing can lead to homelessness… Great city planning SF.

I know the media has been saying people are leaving the bay but the fact is people are still willing to pay millions for a shack

Being replaced with $3500 used up motor homes and pull along camper trailers

The weather/climate is so good in San Francisco. I definitely know where I will move to when I go homeless.

I would rather live happy in a shack then live unhappy in a million dollar house in a no law free for all dope and crime giant rat hole.

Ok, but why are there so many empty store fronts? You can hardly tell there's people with money in this city.

60% of the highest valued companies of the US are headquartered in the bay area. It doesn’t surprise me.

you all slaving away. sad to see people not seeing their life is worth more than owning home. its a marketing scheme

Yeah my family home in Oakland is 1.2 million and it’s over 100 years old. It is small like 1200 sq ft. And a really piece of trash.

Stock option wealth has created a corporatocracy in the Bay Area. The mechanic who rotates the tires on your BMW lives in an RV down the street from you because there is no more affordable housing for blue collar workers. Meanwhile, a plot of land that could be used for multiple affordable homes for people like the tire guy gets turned into a single, palatial villa for the next tech millionaire. Why? Because NIMBYs—a vital part of the Corporate wealth system—will do whatever they can to keep their neighborhoods “exclusive,” all while pretending to care about homelessness. Losing a job is the biggest reason a working class person becomes homeless in California. (Source: Look it Up). We don’t need to spend more money to end homelessness, we need to enact laws that limit corporate greed. The liberals want to throw money at the problem, the conservatives don’t want government interference in corporations. They are both wrong, and so here we are.

I love people who come to California without looking with an entry 100k salary thinking 'that's a lot of money' and then they come here and are surprised.

Housing prices are "high" (or low) because people CAN afford them, not because they can't. When demand drops so do prices. You know, just like it's always been!

It's called greed... plain and simple.

A huge factor is foreign investment from China. The Chinese citizens can only rent the land from their local government for their homes so they opt for buying international real estate in silicon valley and Canada as a more secure investment. Silicon valley workers can pay the rent and then buy the property after a few years of working here.

Let me show you a million-dollar home in California 1970 "Wow! that's nice" 2023, "Oh you live on skid row"