Californians are buying their own fire trucks on Craigslist - SFGate
"One seller is hoping to get $15,000 for a 53-year-old Ford 150 fire truck. He confesses that he "was told the pump needed some seals," but suggests that "with these lightning complex fires going on, maybe you could use it." Over the last few years, as wildfires have become more common, there has also been a rise in a small but growing number of wealthy residents hiring private firefighting crews to watch over their acres. Cal Fire has discouraged attempts to defend one's own property during an evacuation order. “People don’t understand the veracity of these fires that we’ve been dealing with the last five or so years,” Cal Fire Fire Captain Scott McLean told SFGATE. “They’re very unpredictable and you can’t project what the fire’s going to do.”
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The ultimate in privatization. You buy your own fire truck and hire your own firefighting crew.
Wednesday, September 02, 2020
Monday, August 31, 2020
San Francisco Real Estate - Complicated Market Conditions - Compass
San Francisco Real Estate - Complicated Market Conditions - Compass
"As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some other counties - less expensive, more suburban or rural - are experiencing extremely high demand. (See table near the end of this report.) Within San Francisco itself, supply and demand conditions have diverged dramatically between house and condo markets, with the latter being far weaker and rapidly climbing into "buyer's market" territory."
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Here is the report that the article I linked to below was based on. The market for condos is showing signs of weakness, which always seems to happen when a downturn in the real estate market begins. Condos are hit first. Does that mean that other parts of the real estate market will go down? Not necessarily, but we shall see. Some analysts think the suburban market for single family homes will benefit from the forces that are hurting the condo market. COVID, unemployment, civil unrest...
"As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some other counties - less expensive, more suburban or rural - are experiencing extremely high demand. (See table near the end of this report.) Within San Francisco itself, supply and demand conditions have diverged dramatically between house and condo markets, with the latter being far weaker and rapidly climbing into "buyer's market" territory."
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Here is the report that the article I linked to below was based on. The market for condos is showing signs of weakness, which always seems to happen when a downturn in the real estate market begins. Condos are hit first. Does that mean that other parts of the real estate market will go down? Not necessarily, but we shall see. Some analysts think the suburban market for single family homes will benefit from the forces that are hurting the condo market. COVID, unemployment, civil unrest...
SF condo inventory spikes, with price reductions skyrocketing
SF condo inventory spikes, with price reductions skyrocketing
"As buyers become pickier and shelter in place orders exacerbate the need for private outdoor space, the San Francisco condo market has been beset by rising inventory and declining prices, according to new data compiled by Compass. The young people who would have been shopping for condos may be more likely to be impacted by layoffs, according to the report. There's also increasing demand outside of the city, with those staying showing a vast preference for single-family homes, which have not seen the same level of declining demand. "Within San Francisco itself, supply and demand conditions have diverged dramatically between house and condo markets, with the latter being far weaker and rapidly climbing into 'buyer's market' territory," according to the report."
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Another data point supporting the notion that demand for center city real estate is beginning to drop, while demand for housing in the suburbs is going up.
"As buyers become pickier and shelter in place orders exacerbate the need for private outdoor space, the San Francisco condo market has been beset by rising inventory and declining prices, according to new data compiled by Compass. The young people who would have been shopping for condos may be more likely to be impacted by layoffs, according to the report. There's also increasing demand outside of the city, with those staying showing a vast preference for single-family homes, which have not seen the same level of declining demand. "Within San Francisco itself, supply and demand conditions have diverged dramatically between house and condo markets, with the latter being far weaker and rapidly climbing into 'buyer's market' territory," according to the report."
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Another data point supporting the notion that demand for center city real estate is beginning to drop, while demand for housing in the suburbs is going up.
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