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Why is San Francisco so expensive?
Thinking of moving to San Francisco, but why is it so expensive? I'm wondering if I can afford it.
Asked By Landen | Milwaukee, WI | 594 views | Buying | 1 year ago
Answer(3)
Chris Yochum
Dickson Realty
San Francisco is so expensive because of supply and demand. There are only so many homes available in San Francisco and lots of people want to live there which causes values to go up accordingly.
- 1 year ago
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Colleen Cotter
Vanguard Properties
San Francisco is expensive because the city is small, SF is only 7 miles by 7 miles so there is a very limited amount of homes, which then keeps values high. San Francisco also has a political climate that does not make it easy to build more homes, further limiting supply. The tradeoff to this is a market with very high appreciation!
- 1 year ago
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Britany Erickson
Coldwell Banker Preferred Realty
A local realtor will be able to help you with all of these questions and point you in the right direction for a lender to see what you can qualify for and if there are any homes in your price range. I would be happy to refer you to an agent who has the right experience to best help you!
- 1 year ago
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More Information
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Why is San Francisco so expensive?
The main reason San Francisco, California is ranked as one of the most expensive cities to live in the US is because of limited supply. There is high demand for homes in San Francisco because so many people want to live there.
The location of the city prevents many suburbs as it is restricted by water on three sides. And with the earthquake risk preventing high-rise expansion, residents are stuck with with they have. And what they have is a shortage of homes making the existing ones very expensive.
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