Go San Francisco, Go!

The RealShare commercial real estate conference and networking event (whew, long one) recently happened in San Francisco and from the sound of it,  San Francisco seems to be doing very well despite the current economy (I told you I was going to infuse some optimism in you people!).  Globest.com had a good summary of the event and what people were saying at the conference.  Ted Egan, a chief economist with the City and County of San Francisco said: "There really is no city in the US that is better positioned for the long-term than San Francisco.  Our incomes are high and will remain so; Our consumer credit quality is excellent, we have been underbuilding housing for decades and we are relatively insulated from the long-term housing prices decline. We can debate how much the San Francisco housing prices are going to correct, but for the long term, San Francisco is a good investment."  Bam!  Optimism!  Now, as the rest of the country has seen, the residential market is quite a tell-tale sign as to how the economy is going to perform and luckily for San Francisco, the residential market is still doing quite well.

Optimistic Article: http://www.globest.com/news/1269_1269/sanfrancisco/174602-1.html