In retrospect, it’s surprising that it took so long.
With Case-Shiller reporting that the nation’s worst-by-far (not to mention feces-covered) real-estate market is that of San Francisco, where prices have seen annual declines for the past 8 months, half of which have seen double-digit drops…
…. overnight RedFin reports more bad news for those unlucky enough to be living in the socialist utopia that is San Francisco: home sellers in this liberal bastion are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels from an outsized drop in home prices. In fact, according to the report, the typical San Francisco seller who takes a loss sells their home for $100,000 less than they bought it for. And when they do, they have to walk on shit-covered streets, through crowds of homeless, to buy another home one which they pray won’t be burgled in the near future because, well, good luck calling cops in San Fran.
