The housing crisis is far from over, as default notices sky-rocketed in the first few months of this year. San Francisco and Los Angeles were hit the hardest.
Many workers in S.F. can't afford to live in the city, thanks, in part to a restricted housing market. Now city officials don't want them to drive here either. Bottom line: small businesses get hurt.
Voters came out in favor of a massive housing development plan, and against the initiative that aimed at making the new housing units more "fair". Is San Francisco trending right?
The San Francisco market for condominiums, even at the high it seems, won't be coverage by AIG. This is new. Word here has been that San Francisco's real estate market is too special (and supply constrained) to feel sub prime pains.
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