Why is real estate in San Francisco so expensive?
When you consider that the city is on a fault line, you would expect the cost of real estate to be below the national average. Yet it is well above the national average. This doesn't make sense to me. I know that you are very smart; perhaps you could explain it to me?
It must simply be a case of supply and demand. Now matter how high the risks, if enough people want to live in one place, then the value of that place increases. SImple economics, that's all.
Location, culture and the overall quality of life draw buyers from all over the world.
Cost of living is insane there. If my info is correct, Salt Lake City is 1/3 of the price for the same house/apartment.
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