It’s all about Bay to Breakers this weekend, with the big run kicking off Sunday at 8am. Over 50,000 participants are expected to meet at The Embarcadero at 8am Sunday morning with the 12k finishing at Ocean Beach. This is one of the highlights in the San Francisco calendar and should not be missed, just make sure to not forget your costume!
SFMOMA is finally reopening this Saturday, and will be offering free admission from 10am-8pm. The museum now has almost three times the gallery space it had previously, with so much to see it is definitely worth a visit!
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On the “Homes for Sale in San Francisco” front, here’s our report for this week, 5/8/16 – 7/14/16:
We’ve talked about this for awhile now, but SFGate just published a Business Insider report that puts things in perspective nicely. Technology startups have started to cut back on extravagant spending in an effort to inch closer to profitability.
This is true even for businesses valued in the billions of dollars. A weaker venture capital funding environment and an almost non-existent tech-IPO market have forced startups of all sizes to adopt cost-cutting measures. The days of wild free spending may be behind us.
This will no doubt have an impact on our real estate market, as the technology sector has driven up the price of homes in recent years.
Venture capitalist David Skok has said that this attention to the bottom line will be good for the tech industry over the long haul, because it’s when the great entrepreneurs will shine. Our real estate market will become healthier too, as home prices will likely be established within the context of this more grounded economy.
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