San Francisco’s soaring housing costs have pushed homeownership out of reach for most ordinary residents. Decades of limited supply, booming demand, and regulatory hurdles have created a crisis in affordability.
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Real estate CEO was robbed at gunpoint in San Francisco, describing the city’s crime surge as “absolutely unacceptable,” Bloomberg reports. The incident highlights growing safety concerns for business leaders in the area.
Eleven major US cities are seeing a notable drop in home and apartment prices, making housing more affordable. This shift offers relief to buyers and renters amid a turbulent real estate market, according to Business Insider.
San Francisco offers free rent to attract businesses and residents back downtown, aiming to revive the struggling area hit by the pandemic. Experts debate if the strategy can rebuild the city’s economic and social vibrancy.