This graphic shows how out-of-control San Francisco housing prices have gotten
If you're at all attuned to America's real estate market, you've heard about San Francisco's ongoing housing crisis.
Residents have been doing crazy things to survive the sky-high cost of living, from camping out in Google's parking lot to taking up residence on a sailboat.
But according to a recent report by online real-estate broker Trulia, the story is slightly different for San Francisco's longtime homeowners, who are enjoying incredibly high rates-of-return on their homes.
In 1986, America's most expensive housing market was San Francisco, where the median value of a home was $160,955. Today, it remains the country's most expensive housing market, with a median home value of $1,058,474. That's a 557% rise over 30 years, more than any other US metro area.
To get an idea of how remarkable San Francisco's housing market is, check out the graphic below comparing San Francisco's 30-year increase in home value to the 10 major US cities with the smallest increase in home value over the same period.
Trulia
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- India not benefiting from democratic dividend; young have a Kohli mentality, says Raghuram Rajan
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance
- 10 Foods that can harm Your bone and joint health
- 6 Lesser-known places to visit near Mussoorie