San Francisco and the Bay Area are interesting markets. I would love to hear a podcast from someone experienced in the particularities for San Francisco.
David maybe you should qualify your comment with over a long enough timeline everything goes up. I picked up a property in 2011 in SF for 57% of what someone paid for it in 2005 and I think those owners would disagree with you. Now it is probably back up to the 2005 value and more but if landlord's recession level rents couldn't keep up with costs you could be in trouble. I feel like we have a lot of overseas investors combined with a lot of office space being built in SF and the Peninsula without enough new housing to keep up but another bubble burst like 2001 or 2008 and a lot of people could be in trouble. All that would make great topics for a show.
