“At the same time rental rates were dropping, we had housing prices totally skyrocketing”. Credit Andrew Zacks, a “San Francisco lawyer who handles Ellis Act evictions and other land use cases” with that comment. A comment that points to a market driven by speculative froth rather than sound investing (i.e. banking on the appreciation of, rather than the income derived from, an asset).
∙ Renters getting deja vu to bad old dot-com days [SFGate]