It's a city built on young entrepreneurs coming there and doing new stuff
Not true. There was a huge housing crash 20 years ago, and large swaths of the city were extremely affordable until about the mid/late-90s. It's only in the last 10 or so years that the city has acquired the perceptions you describe, and certainly post-9/11.
You may be talking about, what, gold miners and prostitutes? I don't think that relates to the current situation and at any rate there was open space within city limits within the lifetime of your grandparents.
You're right about sellers milking the peaks, though. Prices have been going nuts ever since the economy showed a hint of uptick, and it's certainly opportunism at work. Might as well get yours before the terrorists ruin everything, or something. I guess.
Nah. Though it's possible some people vacated for that reason, it's more a misconception. Plus, carpetbaggers are always in and out of the city, earthquake or no.
There was a recession from 90-92 and a nationwide housing bust around that time due to some tax changes under Reagan that fed overbuilding in the late 80s.
Not true. There was a huge housing crash 20 years ago, and large swaths of the city were extremely affordable until about the mid/late-90s. It's only in the last 10 or so years that the city has acquired the perceptions you describe, and certainly post-9/11.
You may be talking about, what, gold miners and prostitutes? I don't think that relates to the current situation and at any rate there was open space within city limits within the lifetime of your grandparents.
You're right about sellers milking the peaks, though. Prices have been going nuts ever since the economy showed a hint of uptick, and it's certainly opportunism at work. Might as well get yours before the terrorists ruin everything, or something. I guess.