Dotcom Yuppies Gone Home.
December 28, 2000 7:34 PM   Subscribe

Dotcom Yuppies Gone Home. As dotcoms crash and burn, real estate prices start to drop.

Who can say that's a bad thing?
posted by Mr. skullhead (7 comments total)
Real estate owners who bought when the price was high?
posted by daveadams at 7:51 PM on December 28, 2000

True enough. Also those who recently inked year-long rental contracts, I suppose.
posted by youhas at 11:02 PM on December 28, 2000

i haven't noticed a drop in prices since i moved here (sf) in June...the rent is ridiculous, but the city is amazing...i always wanted to live here and moved as soon as i could (19, going to college). It's too bad the tech boom didn't happen elsewhere or it's too bad I wasn't old enough to move here before it all happened.

the cost of living is simply too high for us students...but then again, instead of complaining about the cost of rent, I should just go out and make more money =).
posted by physics at 11:50 PM on December 28, 2000

I manage to make it here on a non-profit web designer's salary (i work for a non-profit education lab) and i find it fairly doable. Plus i partially pay to go to school half-time (loans grab the rest...for now). I think if you really want to make it, you can, but i'd be more than excited to get a glimpse of san francisco pre-dot mania.
posted by jessie at 2:02 AM on December 29, 2000

It'll take a lot more elasticity in the market to relax prices sufficiently. Right now, it's probably just meaning that people will start paying advertised rates and skipping the bribes. ;-)
posted by dhartung at 4:56 PM on December 29, 2000

The area has always been expensive. About 6 or 7 years ago, a family friend bought half a house for $300,000. Pretty steep if you ask me.
posted by karenh at 6:43 PM on December 29, 2000

I saw this coming a few months ago when a friend of mine was looking for some new digs. I suppose this means that, as part of the pre-1995 clan, I moved here for the right reasons. Hopefully, the vanquished artists and displaced Bohemians will return -- particularly with a newly elected progressive Board of Supervisors in place.

Now if only all the Rite-Aids and Starbuck's would suddenly dry up, we might just get back to where we were in 1996.

posted by ed at 8:51 PM on December 29, 2000

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