“A lot of renters have become buyers,” observed real estate agent Kevin Ho. “All the talk of exodus — that’s the headline-grabbing news — but the real news is that a lot of buyers have a little more affordability. And a little more balance to the market allows them to own a piece of San Francisco.”
Ho said more of the buyers right now seem to be people who want to live in the home they’re purchasing, rather than using it as an investment. He said some of the recent changes to the law around tenant protections and rent forgiveness might be having an impact, and investors “don’t necessarily want to assume that risk.” In Mission Local.
Kevin Ho of San Francisco’s Vanguard Properties is interviewed by ABC7 Bay Area about the latest chapter in the Millennium Tower (301 Mission Street) saga a $100M fix where more than 200 pylons are to be driven into the ground to prop up the leaning luxury skyscraper.
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