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San Francisco Multifamily Market Update - The Official AppFolio Blog


San Francisco Multifamily Market Update
Last modified on April 12th, 2021
Is it an exaggeration to say that San Francisco is the greatest hub of technological invention and innovation the world has ever known? 
Take a look at the Milken Institute’s Best Performing Cities 2020 Report. Looking back at the year 2019, the San Francisco-Redwood City-South San Francisco Metropolitan Statistical Area took the top spot:
The region’s wage income growth in the five-year benchmark and the recent period exhibit exceptional strength (ranked second among large MSAs). Besides the region’s robust growth in job creation and income, it also commands the highest rank of five-year high-tech GDP growth among large metropolitan areas in the nation. More importantly, the high-tech content as a share of the regional economy is increasing. ....

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Workers head to R1 million-a-month resorts while waiting for vaccines


Workers head to R1 million-a-month resorts while waiting for vaccines
Bloomberg21 February 2021
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When Governor Gavin Newsom announced that California would be entering its strictest lockdown yet in mid-December, some of his most well-to-do residents ran the other way – as far as they could – to places like sunny Belize.
Others, who’d seen the writing on the wall well ahead of time, were long gone.
Unlike the first wave of Covid-19 lockdowns, which sent people on road trips and to second homes, the second wave has globally triggered a desire for more permanent, warmer, far-flung escapes.
In the UK and Europe, the wealthy have flown to such warmer climates as Dubai, the Maldives, and Spain to escape winter lockdown, says Justin Huxter, founder of UK-based Cartology Travel. ....

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