Boomtown Real Estate Angst, 1855 Style


Front page of San Francisco's Daily Alta California, June 20, 1855. Photo courtesy of KQED

By Dan Brekke, KQED News Fix

If you showed up in the Bay Area in the last three years or so, you know that you have moved into a world where rents and home prices appear to know no limits. The current “up” market has seen the median price of single-family homes sold in San Francisco hit $1 million. Million-dollar home sales have become commonplace in non-chic locales like Burlingame.

Rents have blown through the roof, too, with the Bay Area average for all apartments topping $2,200 last summer (and $3,400 in San Francisco, the region’s most expensive market).

Read the complete story at KQED News Fix.