SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about San Francisco’s real estate prices and why it’s so hard to save money.
San Francisco’s real estate market has reached ‘peak unaffordability’, according to a housing expert. Residents are long accustomed to skyrocketing rents and real estate prices, there’s some relief on the horizon.
The Samsung Galaxy Note 7 is officially back on sale after they began exploding and catching on fire.
Why it is so hard for most people to save money, even the wealthy? Is technology to blame for our empty bank accounts? Despite an improving economy, Americans still have trouble saving — a shocking number of adults have less than $1,000 in a savings account, even when their incomes are more than $150,000.
Black answers Morgan’s question: Is now a good time to buy Wells Fargo’s stock?
A two-alarm house fire wounded one person and destroyed a garage of classic cars in South San Francisco early Saturday morning.
Crews responding to reports of a structure fire at 61 Baypark Circle just before 4:30 a.m. found smoke and flames shooting out of the roof. As of 8:30 a.m., crews were still on scene.
Four people were inside the home, one of whom was hurt, fire officials said.
The residence is just a few hundred yards from the South San Francisco fire station so a woman, who lives in the house that caught fire, ran down the road, and pounded on the station door till she got a response.
The fire department received a call about the fire at the same time, officials said.
Although it appears that the fire sparked near the front of the house, its cause remains under investigation, according to officials.
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Like, if every single residential property in Palo Alto were suddenly on the block, would the Facebook CEO just buy it all up?
Turns out, he could, at least according to the PropertyShark website. Zuckerberg’s personal worth is $51 billion, while the sum value of Palo Alto’s residential properties – single-family homes, condos and townhouses – is only $43 billion. Which means he could grab Los Altos Hills, as well, or most of it; the city’s residences are worth $10 billion.
Scenarios like these fill a new study, of sorts, from PropertyShark. It’s a hypothetical “if billionaires owned the world” analysis, matching rich guys’ personal fortunes with the total residential real estate values of individual Bay Area cities.
Author Adela Muresan computes that Bill Gates (worth $84 billion) and Warren Buffett ($74 billion) could join forces (a combined $158 billion) to buy nearly every property in San Francisco, valued at $166 billion.
Now you do the math.
Jeff Bezos ($66 billion), Larry Ellison ($50 billion) and Larry Page ($39 billion) could purchase San Jose ($152 billion). Carlos Slim Helu ($50 billion) could buy Mountain View ($19 billion) and Los Altos ($30 billion). Oakland ($37 billion) could get scooped up by Sergey Brin ($38 billion).
PropertyShark drew the personal net worth figures from Forbes’ “World’s Billionaires” list, as published on December 9. The city-by-city value of residences was drawn from the website’s database of approximately 90 million properties in New York, Los Angeles, the Bay Area and other major U.S. markets.
But why all the fantasizing?
Muresan says the study puts a new perspective on just how lopsided the Bay Area real estate market has become. It spotlights the concentration of wealth among the business elite at a time when the cost of a home here is beyond the reach of most people.
Think about it: “That an entire, bustling city that’s already unaffordable for a lot of people, could, virtually, get bought up overnight by one person just goes to show how strange and uneven wealth has become,” Muresan says. “Take Los Altos, for example; it’s one of the priciest places in America, but someone as rich as Larry Ellison could turn the whole place into one mega-estate.”
For her finale, she compiles a list of 18 billionaires, many from the tech industry, whose combined wealth could basically buy all of Silicon Valley and San Francisco along with tech-centric portions of the East Bay. The whole bundle, 33 cities, would cost $846 billion.
No, Donald Trump is not on the list.
Read the study here, and check out the infographic below.
A PropertyShark study looks at how some of the world’s richest people could afford to buy and carve up most of the homes and condos in the Bay Area, if they chose to do so. PropertyShark
Like, if every single residential property in Palo Alto were suddenly on the block, would the Facebook CEO just buy it all up?
Turns out, he could, at least according to the PropertyShark website. Zuckerberg’s personal worth is $51 billion, while the sum value of Palo Alto’s residential properties – single-family homes, condos and townhouses – is only $43 billion. Which means he could grab Los Altos Hills, as well, or most of it; the city’s residences are worth $10 billion.
Scenarios like these fill a new study, of sorts, from PropertyShark. It’s a hypothetical “if billionaires owned the world” analysis, matching rich guys’ personal fortunes with the total residential real estate values of individual Bay Area cities.
Author Adela Muresan computes that Bill Gates (worth $84 billion) and Warren Buffett ($74 billion) could join forces (a combined $158 billion) to buy nearly every property in San Francisco, valued at $166 billion.
Now you do the math.
Jeff Bezos ($66 billion), Larry Ellison ($50 billion) and Larry Page ($39 billion) could purchase San Jose ($152 billion). Carlos Slim Helu ($50 billion) could buy Mountain View ($19 billion) and Los Altos ($30 billion). Oakland ($37 billion) could get scooped up by Sergey Brin ($38 billion).
PropertyShark drew the personal net worth figures from Forbes’ “World’s Billionaires” list, as published on December 9. The city-by-city value of residences was drawn from the website’s database of approximately 90 million properties in New York, Los Angeles, the Bay Area and other major U.S. markets.
But why all the fantasizing?
Muresan says the study puts a new perspective on just how lopsided the Bay Area real estate market has become. It spotlights the concentration of wealth among the business elite at a time when the cost of a home here is beyond the reach of most people.
Think about it: “That an entire, bustling city that’s already unaffordable for a lot of people, could, virtually, get bought up overnight by one person just goes to show how strange and uneven wealth has become,” Muresan says. “Take Los Altos, for example; it’s one of the priciest places in America, but someone as rich as Larry Ellison could turn the whole place into one mega-estate.”
For her finale, she compiles a list of 18 billionaires, many from the tech industry, whose combined wealth could basically buy all of Silicon Valley and San Francisco along with tech-centric portions of the East Bay. The whole bundle, 33 cities, would cost $846 billion.
No, Donald Trump is not on the list.
Read the study here, and check out the infographic below.
A PropertyShark study looks at how some of the world’s richest people could afford to buy and carve up most of the homes and condos in the Bay Area, if they chose to do so. PropertyShark
SAN FRANCISCO, CA–(Marketwired – December 15, 2016) – Earlier this month, Zephyr Real Estate held its first REImagine business-planning symposium for agents. The all-day event included keynote speaker Nobu Hata, Director of Digital Engagement, National Association of REALTORS®. In addition, a unique group of Zephyr past clients was empaneled to discuss what is important to them as buyers and sellers.
Various professionals were on hand to speak to the 100+ attendees about exemplary service, client lifetime value, and the primary attributes clients want in their representatives. Speakers were engaged to cover the value of branding, quality communication and teamwork.
Nobu Hata spoke of “new school” techniques in marketing, communication trends, social media and technology and how to integrate those tools into everyday business. His insight into agency, brokerage and association issues brings a fresh approach to adding value to the industry with meaningful communication at the forefront.
The panel of buyers and sellers shared their experiences in real estate transactions, including the primary attributes they pursued in finding a real estate agent. This unique approach to developing customer relations revealed some predictable characteristics, but also spotlighted some surprising revelations as well.
The gathering concluded with a strategy for the future and how to put it all together, addressed by Matthew Borland, Sales Manager of Zephyr’s Upper Market office and Chief Innovation Officer at Zephyr.
“This was a great opportunity to fine tune our skills to serve our customers in a sterling manner so they know they can count on having the best representation possible,” commented Kevin Koerner, Sales Manager of Zephyr’s West Portal office, who spearheaded the event. “Technology moves fast and requires constant training, but customer service will always be our top priority.”
Zephyr continues in its success as a leader in Bay Area real estate with its focus on education, client service, marketing, technology and forward planning.
About Zephyr Real Estate Founded in 1978, Zephyr Real Estate is San Francisco’s largest independent real estate firm with nearly $2.3 billion in gross sales and a current roster of more than 300 full-time agents. Zephyr’s highly-visited website has earned two web design awards, including the prestigious Interactive Media Award. Zephyr Real Estate is a member of the international relocation network, Leading Real Estate Companies of the World; the luxury real estate network, Who’s Who in Luxury Real Estate; global luxury affiliate, Mayfair International; and local luxury marketing association, the Luxury Marketing Council of San Francisco. Zephyr has six offices in San Francisco, a brand new office in Greenbrae, and two brokerage affiliates in Sonoma County, all strategically positioned to serve a large customer base throughout the San Francisco Bay Area. For more information, visit www.ZephyrRE.com.
