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That makes more sense. SF real estate is so high, it's mind-bogling. Supply and demand. Rentals are very tough, too, because of SF rent control and laws. Landlords have no rights at all, so properties have been selling to developers who refurbish the properties as single-family dwellings or knock down small apartment complexes and develop them as condos for sale. LOL! The socialists who made the laws there to protect tenants only have driven landlords out, which gradually reduces the total number of rentals, driving rents up. Serves the commie activist bastards right, lol.

Oops. Guilty! Dukie07 raises hand and admits to having enjoyed rent control in SF several years ago...... :)

In the 80s, the Machinery which Runs San Francisco put forward a "housing rehabilitation bill". Ran like this: 1) Condemn the properties that poor people are being forced to live in. 2.) Sue the current owners under non-health/safety clauses. 3.) Put said properties up for bid. 4.) Tell only your fellow "Democrats" about the properties. 5.) Purchase said properties for a dollar. 6) Make claims on Federal dollars to "rehab" the property. 7) Sell the new property for millions. 8) Increase the "welfare/minimum wages" so as to invite the "homeless" from all over the nation. Demand use of "buildings to house the homeless". Start at point 1.

It was a scandal only the brave dared to report on.