It’s a buyer’s market: local homeowners granted property tax reprieve as the man with the most undercover badass job title ever, the city’s assessor recorder, lowers assessed home values so they can catch up with the falling market prices.
One of these devalued homes may well be one of the four condos in the city of San Francisco that the Chronicle revealed today are listed at less than $200k. The Chronicle neglected to mention that they will probably be snatched up faster than the Chronicle can write a newspaper article on carpetbagging and then print it on paper and then distribute it around the city in trucks.
Those looking for a more temporary kind of lodging have one less place to choose from as the Cathedral Hill Hotel on Van Ness Avenue closes its doors. The building, which is owned by CPMC is slated to become a 550-bed hospital, which may turn out to be the best housing deal of the day, since universal healthcare is going to make your stay there practically free!
Those who are legitimately without homes, and not just jonesing for a cheap loft in SoMA are dealt a blow today as a local homeless advocacy agency closes doors under questionable circumstances. One former employee calls it, “a pyramid scheme that felt good.” Causing some to reminisce about the days when all pyramid schemes felt good, and there were enough rainbows for everyone to have a pot of gold.