Insane Housing costs in the SF Bay Area. …and other metro areas and college towns across the US. I don’t think this is endemic to the US — this is happening in Canada’s cities and elsewhere I am certain. This, however, is where I choose to live, and this is the area in which I have direct knowledge.

It’s not normal to have to pay a million dollars for a small house (900 sq.ft.).

For the record.

In my next few articles we’ll be explaining why and how housing prices have gone insane enough that a total junker house can be One Million Dollars in a small college town.

Initial hypothesized reasons are:

  1. Baby boomer house hoarding. The means owning more houses than you need (hint: you only *need* one.)

Research sources will follow when I go into these more deeply.

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