San Francisco: Doom And Gloom

Now that the dot-com rush is over, the real estate market in San Francisco is changing. Will the rest of the U.S. follow?

1 minute read

March 22, 2001, 5:00 AM PST

By Chris Steins @planetizen

"For much of the late 1990s San Francisco was America's premier tech town, the poster child of the digitally-driven Boutique City. As Silicon Valley began to seize the high ground on the "soft" side of the information revolution, the city by the Bay emerged as the favored locale for advertising, media and dot.com related firms spawned by the high-tech boom. Rents, both for housing and offices, soared as once decrepit neighborhoods blossomed and even became chic. Now, with the collapse of tech stocks and a general economic slowdown, that process has slowed and even started to reverse... "

Thanks to ReisCast

FULL STORY: Post Materialism: Political Lag Adds to Boutique's Real Estate Troubles

Tuesday, March 20, 2001 in REIS

Housing California

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