As Scott McKenzie warbled, “If you’re going to San Francisco, be sure to wear some BUBBLES in your hair.”
Yes, median home prices in San Francisco have surged to over $1 million, up from $646,428 in January 2010. And despite falling median family incomes!
I would say that this qualifies as a bubble, particularly when The Fed benefits the wealthiest Americans and Chinese investors keep pumping money into the Bay Area.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.