Social media is an echo-chamber of misery over home prices

As my colleague Lou Hansen makes clear in his story this week on nosebleed housing prices in the San Francisco Bay Area that continue to make noses bleed, the dream of buying a home in this region remains, for most, just that: a dream.

Thanks to an out-of-whack supply and demand ratio, made worse by a widening wage gap among earners unable to come up with a down payment, the median price in April for a single-family home reached a record $893,000, according to CoreLogic. “Prices for existing homes in the nine-county region jumped 11.6 percent from a year ago,” Hansen writes.

But Hansen isn’t the only one writing about these out-of-control property values. People with virtual pens have taken big-time to social media to comment, vent, rant and rage.

Here’s a sampling:

 

 

 

 

Article source: https://www.mercurynews.com/2018/05/25/bay-area-homebuyers-cant-catch-a-break-and-they-unleash-on-twitter/

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