Guess Who Has the Third Most Billionaires in the World

The global billionaire population soared to record levels in 2017, and more of them are living in the Bay Area than ever before.

The San Francisco area now has the third-most billionaires of any region in the world — 74 in total — rising two places in the rankings and overtaking both Moscow and London, according to a 2018 billionaire census released Tuesday. New York and Hong Kong took the top two spots for number of billionaires with 103 and 93, respectively.

The San Francisco metropolitan area — which includes San Francisco, Alameda, Marin, Contra Costa, and San Mateo counties, and in this study some towns in Santa Clara County — saw an additional 14 individuals attain billionaire status in 2017.

To read the entire sfgate.com report, please click here.

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Weekend Events and the Weekly Real Estate Update

There are a number of things going on this weekend, including the 2018 Art Market San Francisco at Fort Mason, where you might find the perfect painting or piece for your place. For free admission tickets, click here. On Saturday, you can check out the Dutch “King’s Day” Windmill Festival near the Murphy Windmill on the south end of Golden Gate Park, or  watch as 30 dance groups take the stage at Dancing in the Park SF from 1 PM until about 5 PM. Admission is free. This event is one of many taking place during Bay Area Dance Week, from April 27 through May 6. Finally, on Sunday, you can take in the  20th Annual Glen Park Festival.


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 4/22/18 – 4/28/18

Education, Income, and Domestic Migration

After analyzing recent data, BuildZoom economist Issi Romem said, “The most attractive parts of the country are harder to move to these days, and they’re being moved to by the cream of the crop in terms of education and income.”

According to an Sf.curbed.com report, the economist presents evidence of what he calls “positive income sorting”: more wealthy, high-income professionals move into expensive cities. This new crop of buyers helps push up rising home prices and push out those who can’t afford them. We’ve certainly seen this taking place in San Francisco.

Will this constant sorting on income, class, and education, as well as the run-up in property value, eventually knock some of these superstar cities off their perch? The economist says that it’s not a problem in the short run. As long as venture capital continues to disproportionately flow into places such as San Francisco, and there is enough talent, and enough parts of the value chain, to create and launch companies, there’s no immediate danger.

Long-term however, this trend could become more problematic, as the polarization we’re seeing today becomes even more pronounced.

Where Did All These Electric-Scooters Come From?

Suddenly, they’re all over town! Electric-scooters are everywhere!

Three companies just hit the streets of San Francisco, diving into the electric-scooter-sharing business simultaneously. Spin, Bird, and LimeBike together have more than $200 million in funding, so clearly they are taking this rather whimsical form of transportation quite seriously.

SF.curbed.com just published a pretty comprehensive explanation about what’s going on here. It provides “everything you need to know about the great electric-scooter takevoer of San Francisco.” It tells you what’s legal and what’s not, and what you can expect when you ride one of these bad boys.

To see the story, please click here.

Weekend Events and the Weekly Real Estate Update

This year, as the luck of the Irish would have it, St. Patrick’s Day falls on a Saturday. SF.FunCheap.com has published a comprehensive guide to the City’s Irish block parties, festivals, and parades. To see the complete list of events, click here. On Sunday, the Presidio Picnic 2018 season kicks-off at 11 A.M. on the Main Parade Ground Lawn.


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/11/18 – 3/17/18

S.F. Starter Home Prices More Than Double in Only Five Years

The prices for a San Francisco starter home have more than doubled in the last five years, according to a recent report on SFGate.com. There has been a 103.3 percent increase during that time period in the least-expensive segment of the market.

The report divides housing stock into three equal segments based on value. In contrast to the least-expensive San Francisco homes, with a median price of $530,900, the most-expensive segment, with a median price of $1,559,400, has risen 70.4 percent in the last five years.

This trend of less-expensive home growth outpacing more-expensive home growth has been seen across the nation. Experts explain that owners of starter homes across the country are gaining equity faster than other homeowners because demand for entry-level homes continues to grow faster than supply.

While it appears this trend is accelerating nationwide, it’s worth noting that over the last year three markets — San Francisco, San Jose, and Seattle — have bucked the trend, with the most expensive homes gaining value faster than the least expensive homes. In San Francisco, for example, the least-expensive segment is up 9.5 percent in the last year, while the most-expensive third is up 11.6 percent.

Noise Pop Is On Now Through Sunday

So much is going on in San Francisco, it’s hard to keep up with it all. The Noise Pop Festival opened on Monday, and runs through Sunday. The Festival celebrates indie music, arts, and film. Now in its 26th year, Noise Pop has brought early exposure to many emerging artists in the Bay Area and beyond, many of whom have gone on to widespread acclaim.

Over the next four days there will be different films, art shows, happy hours, and concerts to take in all over the City and the East Bay. For more information, and the full schedule of events and performances, click here.

The Most Popular Type of Food in Each SF Neighborhood

This is kind of fun. A Google mapping project has determined the most popular type of food in each of San Francisco’s neighborhoods. To do this,  Google compiled the “aggregated, anonymized, and differentially private” data from users who opted into Google Location History. Got that?

Anyway, according to SFGate.com, a neighborhood cuisine’s popularity breaks down just about how you would expect. Restaurant-goers most often frequented pizza and Italian places while in North Beach, Chinese restaurants around Chinatown and the Richmond, and Mexican spots when in the Mission District.

Turns out Mexican food is the City’s overall favorite, just as it is for California as a whole. Nationally, San Francisco proved to be a “cuisine capital” for coffee (it ranked #6 for most java shop visits), Chinese (#2) and seafood (#9).

To see the map, click here, scroll to the bottom of the page, and select San Francisco. You can enlarge the map as you wish.

SF Beer Week 2018 Kicks Off Friday

Okay. So this thing doesn’t start until later this week. Still, we wanted to give you plenty of time to make your plans.

Organizers say SF Beer Week is a grassroots collection of events hosted by hundreds of different breweries, restaurants, bars, and retail stores throughout San Francisco and the region. These curated events celebrate craft beer and the craft beer community. No one event, venue, or kind of beer defines it.

Events are hosted at a wide range of locations, and may cater to various beer tastes (hoppy, sweet and malty, sour, aged, cask-conditioned), food tastes (cheese pairings, dessert pairings, multi-course dinners), and entertainment interests (movies, games, sporting events). There are even TED Talk-style educational seminars.

It’s complicated, but oh so rewarding. SFGate.com provides a list and descriptions of the events they believe are most promising. Or if you prefer, study the entire schedule yourself – you can sort by the type of event you want to attend – and start making your plans today!

The 10th Annual SF Beer Week
February 9 through 18, 2018