I remember going back to my small home town in southern Wisconsin in 1980; almost every house in the neighborhood was up for sale. But think about the reason: the neighborhood was built during WWII and most people bought there by 1948; most had either died or retired (mainly to Florida). Aren’t we already in or approaching another transition of that nature?
San Francisco:
Got an e-mail in late July from a 35-year-old, wife and two toddlers, giving new address. I may be the only one in his address book who knows for sure that the address is his wife’s mother’s condo. He’s in the construction business (cement I think) and in the past has had disability for injury but I don’t know the current story.
Thought it would never happen, the guy with the penthouse/spectacular view apt. in my building has given up his tenancy. He has worked out of the country for many years, was sub-letting and using it as an occasional pied-a-terre. Landlord had grounds for eviction but I don’t know for sure if he used them. Will be interesting to see how long it takes to remodel and re-rent it (that is if I don’t get the boot first).
The two-bedroom condo across the street is still on the market for $1,999,000 (down from $2,225,000), I think the RE agent has been on vacation the last two weeks; seems like they have been having open house every Sunday for months. I remember (was it 10 years ago) when the condos on my block were going for about $775,000 and I think that’s high enough.
