California

Housing Bubble 2: California November Home Sales Plunge to Multiyear Lows, Prices Soar

by Wolf Richter • Dec 18, 2014 • 2 Comments

Sales down 20% in San Francisco, but prices soar 27% to ludicrous levels.

Blackout, When it Finally Rains in San Francisco

by Wolf Richter • Dec 11, 2014 • 11 Comments

My thoughts when the high-tech city just about shut down.

California Housing Market Cracks in Two, Top End Goes Crazy

by Wolf Richter • Nov 26, 2014 • 6 Comments

The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….

‘Excessive Amounts of Capital’ Doom Startup Bubble

by Wolf Richter • Sep 16, 2014 • 1 Comment

Even venture capital is worried. ‘The crazier things get, the worse people execute’

California Home Sales Dive, Prices Hit Wall, Millennials Blamed

by Wolf Richter • Sep 13, 2014 • 17 Comments

The American Dream? Not for millennials.

Home-Flipping Collapses in San Francisco, Losses Spread

by Wolf Richter • Aug 30, 2014 • 8 Comments

The magic mix becomes toxic.

What the Heck Just Happened at the San Francisco Apple Store?

by Wolf Richter • Aug 29, 2014 • 9 Comments

Not everyone is irrationally exuberant.

Tesla, Fairest Welfare Queen of all, Cracks the Whip

by Wolf Richter • Aug 13, 2014 • 16 Comments

Taxpayers get milked. And California’s environmental laws, signed by Gov. Reagan, get shafted. Very ironic for a company that hypes its “green” credentials.

How the Surge of Hot Money Pushes San Francisco to the Brink

by Wolf Richter • Jul 22, 2014 • 13 Comments

Home prices hit a slick $1,000,000, while soaring office rents blow up enterprises with real business models. It’s crazy. It’s powered by hot money from around the world. Then comes the moment when the hot money evaporates.

The untimely end of San Francisco’s Tech and Housing Bubbles

by Wolf Richter • Jun 13, 2014 • Comments Off on The untimely end of San Francisco’s Tech and Housing Bubbles

“Recently, the billionaire venture capitalist Vinod Khosla went hunting for one-bedroom apartments in San Francisco….” And then he opened his mouth.

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