Monday, March 3, 2014

The Housing Market With Nowhere to Go (but Up) - NYTimes.com

Market Street in San Francisco, a stretch of town that Twitter and other tech companies have called home.

SAN FRANCISCO — Not long ago the pink house at 1829 Church Street, in the Glen Park neighborhood here, hit the market for $895,000.

It sold for $1.425 million — $530,000 over the asking price — in less than two weeks.

The story of this fixer-upper, with three bedrooms, two baths, linoleum floors and an Eisenhower-era kitchen, is in some ways the story of the moment in the city, where longtime residents complain that Silicon Valley money is basically ruining the place for everyone else.

Read more...The Housing Market With Nowhere to Go (but Up) - NYTimes.com

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