What a difference 10 years can make
January 8, 2008 – 6:45 pm | by thefrontstepsAverage cost of a single family house: 1997: $1,706,000 2007: $5,022,000
Average cost of a multi unit building: 1997: $412,000 2007: $1,385,000
Schtuff like that.
Tags: Potrero Hill, theFrontSteps
13 Responses to “What a difference 10 years can make”
By ResortAtSquawCreek on Jan 8, 2008 | Reply
Got to love inflation, appreciation, and fixed payments. You wake up 2-3 years later and you laugh and lament how cheap things were
How about The Marina and Cow Hollow for SFHs?
There’s 3-4 feet of new snow here tonight in Tahoe guys! Been here all week. It is AWESOME!
By Sophie on Jan 8, 2008 | Reply
x 2.95 in pacheights; x 3.36 in potrero hills.
in the mean time,
inflation (use of CPI) $1000 in 97 is now $1309 (x 0.31)
gas went from $1.23/gal to $2.59 (2006) let’s say 2.80 in 2007 (x 2.27)
etc etc.
now the REAL question to ask today to our re-newly sworn Gavin: what do you do with an average of 3 times more property taxes than in 1997? is the city 3 times better, are the schools 3 times as good? are the street 3 times as clean? (ok, maybe not 3 if we adjust the wages increase and general cost increase – but still).
I’m not attacking him, I think he does ok – but the question is still open. When people trade up properties and pay on the new home 3 times as much taxes.. shouldnt they expect MORE from the city than before?
I do. And I’m happy to get some great value back by enroling my kids in a great public school of the district.
By RSC on Jan 9, 2008 | Reply
We need to improve the cities schools. That’s the best use of funds. Spend money on the adults of the future.
By RSC on Jan 9, 2008 | Reply
Imagine if SF had a reputation for great schools. Prices would skyrocket even further.
By jamielynn on Jan 9, 2008 | Reply
someone here should ENROLL in a spelling and grammar class. LOL
By kenny on Jan 9, 2008 | Reply
Almost everyone who communicates on the Internet should enroll in a grammar course! You yourself just started a sentence with a lowercase, used an interior all caps, and finished with an Internet euphemism as an unpunctuated sentence fragment while criticizing another poster. Also, the poster I think you meant to criticize is not a native English speaker.
By james on Jan 9, 2008 | Reply
until we go all charter, the public schools are pretty much a lost cause in this town. that or let sylvan run them all for us. i have given up on them. they seem well beyond saving.
By lefty on Jan 9, 2008 | Reply
You’re a dork, Kenny.
By kenny on Jan 9, 2008 | Reply
I used to be an editor in another life. So yeah, guilty as charged.
By jamielynn on Jan 9, 2008 | Reply
what’s really hysterical is how seriously Mr Kenny big time realtor takes my silly comment. Such a proper posting.
I don’t think he has enuf to do these days, what with the big real estate turndown.
By kenny on Jan 9, 2008 | Reply
groan
By Craig on Jan 9, 2008 | Reply
I think “anon” has finally assumed a name or two.
By paco on Jan 10, 2008 | Reply
still some stuff out there that is cheap compared to nyc,london,tokyo or shanghai. and if i were sitting on lots of devaluing dollars i don’t think buying a water view condo in sf would be such a bad use of my money..