San Francisco, California. The home of Facebook’s Steve Zuckerberg, Apple Computers, Google, former baseball star Barry Bonds and such politicos as House member Nancy Pelosi and California Senator Diane Feinstein.
The problem is that San Francisco median home price is now is excess of $1.4 million. And median family income is sagging.
Notice that the big surge in San Francisco home prices began in 2012, the same year as The Fed’s massive 3rd round of quantitative easing.
Or is it just San Francisco? Here is a photo of slugger Barry Bonds where he was with the Pittsburgh Pirates.
Now here is a photo of Barry Bonds with the San Francisco Giants when he was swatting bucket loads of home runs.
Maybe San Francisco just juices on it own.