I know, I know, Greenwich is different and it can’t happen here

Bloomberg: San Francisco median house values drop 41% from last year. Foreclosures, inability to get “jumbo” mortgages major factors. Just saying ….

4 Comments

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4 responses to “I know, I know, Greenwich is different and it can’t happen here

  1. anonymous

    Like G or NYC, anything less than $10 mill ask in SF or burbs is a dump; like G or NYC, too few sales over past 6 months in relevant price points to know extent of depreciation

  2. Retired IB'er

    Talk about painting with a HUGE BRUSH.
    Anything under $10 million is a dump!

    I guess in your world only a G550 (non-timeshare of course) is worth owning. Any other aircraft is like taking a Greyhound bus.

    Must be nice…

  3. Anon1

    “anything less than $10 mill ask in SF or burbs is a dump” – do you actually talk like this in person? That would be quite embarrassing. Do you also sleep naked with money and give it good tongue?

  4. edgewater

    But while prices everywhere on almost everything are falling, the New York Times thinks the solution is to raise their prices by over 10%. Their business planning department must use the same economic advisers as the Greenwich Realtors.