Driving from Mission Dolores to Noe on Sunday, i saw over a dozen different “Open House” signs for houses for sale. On one corner, a block from the park, there was literally an open house sign on each corner. Baroo? Walking around on Monday, i saw a bunch of For Sale signs. And then today, two more popped up on my way to work. What on earth is going on? It’s October, not May. I’ve never seen so many For Sale signs in this city, let alone a bazillion in my shi-shi neighborhood.
Now, i don’t know shit about housing markets except that San Francisco’s is terrifying and that it costs a lot more to buy than to rent on a monthly basis, even if you can get a 20% downpayment together.
Are things actually erupting? I always thought the bubble conversation was bullshit. But what is going on? Why are there soooo many houses for sale?