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San Francisco is in fact the fastest declining US city by population[1] and has seen one of the biggest drops in housing prices in the country[2] [1] https://w
by dongobread 3y ago
San Francisco is in fact the fastest declining US city by population[1] and has seen one of the biggest drops in housing prices in the country[2]
[1] https://www.census.gov/library/stories/2023/05/large-cities-no-longer-biggest-population-losers.html https://www.census.gov/library/stories/2023/05/large-cities-...
[2] https://fred.stlouisfed.org/series/SFXRSA https://fred.stlouisfed.org/series/SFXRSA
- deleted 3y ago[deleted]
- alisson_dover 3y agoDid you even look at the content of the pages you posted? From [1]: "The 15 fastest-declining cities from 2021 to 2022 and 2020 to 2021 were different, with major cities like Boston, Washington, D.C. and, most notably, San Francisco falling off the list." San Francisco was #1 in 2020-2021 (i.e. the tech industry employee exodus at the beginning of the pandemic), and isn't even on the list for 2021-2022. For [2]: while SF prices did decline, they are now at the level of Nov 2021 and are steadily recovering. (Not dissimilar to cities like Las Vegas or Austin.)
- seanmcdirmid 3y agoA house goes from $2 million to $1.9 million, that's a $100k drop! But only a 5% drop in relatively value. According to [2], housing prices have dropped to where they were 1.5 years ago.