Quote:
Originally Posted by TCLGirls
People are just knocking down the door to move to Biloxi Mississippi. That's why housing prices there are skyrocketing, while places like San Francisco, CA have a huge inventory of abandoned housing.
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The foreclosure site PropertyRadar reported that home sales across six Bay Area counties plunged to an eight-year low this fall, and it’s evidently the fault of the cheapest properties on the market.
All told, PR records a 10 percent decline in home sales across the Bay Area for the first nine months of 2016, relative to the same period in 2015.
That includes a 13-percent drop in San Francisco, even as prices climbed nine percent year over year.
Sales plummet for Bay Area’s cheapest homes - Curbed SF
COST OF LIVING San Francisco, California United States
Overall 273 100
San Francisco, California Cost of Living
COST OF LIVING Biloxi, Mississippi United States
Overall 93 100
Biloxi, Mississippi Cost of Living
COST OF LIVING
Compared to the rest of the country, San Francisco's cost of living is 172.60% Higher than the U.S. average.