http://blog.redfin.com/sfbay/2008/12/where_are_buyers_getting_the_biggest_discounts.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://blog.redfin.com/sfbay/2008/12/where_are_buyers_getting_the_biggest_discounts.html/comment-page-1#comment-8777 Overpriced Tue, 06 Jan 2009 18:16:11 +0000 http://blog.redfin.com/sfbay/2008/12/where_are_buyers_getting_the_biggest_discounts.html#comment-8777 Either way you look at it the homes are still overpriced in SF. 1.5% drop off a million dollar home doesn't mean much to the average household income. You have to be making at least $100,000 to start looking at the majority of homes in the city. Someone with an income of under $100,000 can only afford $300,000 condos. Of course this depends on everyone's circumstances and what cuts they can afford to make. Either way you look at it the homes are still overpriced in SF. 1.5% drop off a million dollar home doesn’t mean much to the average household income. You have to be making at least $100,000 to start looking at the majority of homes in the city. Someone with an income of under $100,000 can only afford $300,000 condos. Of course this depends on everyone’s circumstances and what cuts they can afford to make.

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