Updated almost 2 years ago on . Most recent reply
Why Stay in San Francisco
Hey all, I'm a real estate broker here in NorCal and I manage over 100 investment properties. I've been researching various market trends and noticed that San Francisco is kind of falling apart in terms of new investment.
For those who own rental properties in San Fransisco / Bay Area, why are you holding on? Wouldn't it make a lot more sense to sell and reinvest elsewhere where you can produce a lot more cashflow? And diversify against the risk of the economic and cultural challenges in San Francisco?
Thoughts?
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#4 Managing Your Property Contributor
- Real Estate Agent
- Chicago, IL
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#4 Managing Your Property Contributor
- Real Estate Agent
- Chicago, IL
I dont get why people still call San Francisco appreciation area. Past performance does not necessarily indicate future results. I think there is a high likelihood the cheaper markets will have higher appreciation moving forward. Chicago is cheaper then most major cities and our cheapest gentrifying areas are seeing the highest price/rent growth currently while our class A “appreciation” areas have actually been pretty flat lately.