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California condo prices slashed as homes sell for half their original value

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California condo prices slashed as homes sell for half their original value


San Francisco’s housing market is still suffering, with condos in the Californian city being sold for as little as half their original value.

The city—a magnet for the thriving tech sector—expected a rise in housing demand after rapid developments in the artificial intelligence (AI) industry. However, sales on condos, particularly in the downtown area are still making losses, to the point where San Francisco is the only major city in the U.S. in which it is cheaper to live now than it was five years ago.

Public listings for condos in San Francisco show heavy reductions in price, with one unit, previously sold for $1.2 million in 2019, settling at $825,000. That’s a decrease of more than 30 percent.

In one particularly bad example, a condo on Mission Street in the heart of the city was sold for $775,000. In 2015, the same unit was worth $1.4 million, meaning it had lost almost 50 percent of its value in a decade.

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The Golden Gate Bridge stands in front of the San Francisco skyline on March 28, 2024 in Sausalito, California. The city is still suffering from a condo housing market losing value.

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Realtor expert Rohin Dhar described the sales as “brutal.” According to his research, San Francisco is the only major urban area where housing costs have gone down. It is 1 percent cheaper to live there now than it was in 2019, while the average American city dweller, it’s 48 percent more expensive.

The decline in condo prices in San Francisco started during the pandemic, as working-from-home initiatives and office closures led to a decline in workers needing to live in the city.

Between 2020 and the start of 2024, the average value of a condo in San Francisco dropped by 12.8 percent, from $1.14 million to just $997,000, according to Zillow, a real-estate marketplace tracker.

Recent developments in the AI industry led many to believe that interest in San Francisco property could recover, as the city remains a vital part of the U.S. tech sector and is a global hub for AI advancements. OpenAI, the producer of the widely-used chatbot ChatGPT, is based there, along with a thriving start-up industry.

Any benefits from this boost are yet to be seen, with condo prices still not recovering to pre-pandemic value. However, changing attitudes to in-person working could help restore the market.

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Over two-thirds of professional U.S. companies said that their new job ads will no longer have the option of fully remote work this year, indicating a return to the office in 2025 that could herald the same demand for San Francisco housing that raised values so much in the first place.

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California orders Tahoe Truckee schools to leave Nevada sports over transgender athlete dispute

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California orders Tahoe Truckee schools to leave Nevada sports over transgender athlete dispute


The California Department of Education is requiring the Tahoe Truckee Unified School District to follow state law in another clash over transgender athletes in youth sports in the state. 

Currently, student-athletes in Tahoe Truckee Unified play sports in Nevada because of how close they are. But Nevada now bans transgender athletes in girls’ sports, which is against California state law. 

So after decades of playing in Nevada, California’s Department of Education is requiring the Tahoe Truckee Unified School District to compete in California to comply with state laws that allow student athletes to compete based on their gender identity.

David Mack is the co-founder of Tahoe Pride and describes the new youth sports divide in the Tahoe region.

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“So no one’s happy, it’s really sad, it’s quite tragic in that way,” Mack said. “People feel really upset that the school moved so fast on this. They feel blindsided, they feel not listened to, and then other people, like the trans kids, are getting steamrolled over like they’re not recognized in this argument.”

Nevada state lawmakers passed a law in April requiring a mandatory physical signed by a doctor to deem the athlete male or female based on their birth sex. 

“This is a politically manufactured issue to try to divide people,” Mack said. 

The Tahoe Truckee Unified School District is responding to the California Department of Education with a solution that the district legally join the California Interscholastic Federation in 2026, but continue to play in the Nevada Interscholastic Activities Association through 2028.

When asked if transgender athletes would be able to compete while operating in the NIAA, the district said it’s “still in the early stages of this transition, and many details are still being developed.”

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In an October letter addressed to the California Department of Education, the school district’s attorney, Matthew Juhl-Darlington, said the Tahoe Truckee Unified is “not aware of any transgender youth who have expressed interest in participating in its 2025-2026 athletic programs.”

“While the NIAA recently updated its polices to define ‘male’ and ‘female’ based on sex assigned at birth and not as reflected in an individual’s gender identity, as required under California law, the District is interpreting and implementing this policy in a manner consistent with California’s legal requirements,” Juhl-Darlington said in the letter. 

California Republican Rep. Kevin Kiley is opposed to the state order, arguing the weather conditions in Tahoe need to be considered.

“So in order to compete in a California league, you have to deal with this snowy weather and the travel dangers and so forth,” Kiley said.

The school board was expected to explain its solution to both join California’s CIF while playing in the NIAA through 2028 to parents and students Wednesday night at a board meeting.

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So far, the California Department of Education has not said if it will accept this as a solution.



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California wants Verizon to compromise more on DEI

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California wants Verizon to compromise more on DEI


A CA judge recommends approval for Verizon/Frontier but thinks more DEI commitments are neededNotably, the judge determined Verizon’s letter to the FCC doesn’ | A state judge recommended California approve the Verizon/Frontier deal, if the operator agrees to some DEI and workforce commitments.



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California governor race heats up with uncertainty and potential surprises

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California governor race heats up with uncertainty and potential surprises


BAKERSFIELD, Calif. (KBAK/KBFX) As the race for California’s next governor intensifies, uncertainty looms with the primary election just six months away.

A recent Emerson College poll shows Republican Chad Bianco leading by a narrow margin of one point, while 31% of voters remain undecided.

California governor race heats up with uncertainty and potential surprises (KBFX)

“The field remains wide open,” said Tal Eslick, owner of Vista Consulting. “There’s a half dozen credible Democrats in the race. There’s really a couple – two – namely Republicans.”

Eslick noted that Bianco’s lead is more reflective of the crowded Democratic field than a shift toward Republicans statewide.

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California governor race heats up with uncertainty and potential surprises (Photo: AdobeStock)

California governor race heats up with uncertainty and potential surprises (Photo: AdobeStock)

He suggested a “black horse candidate” could still emerge, possibly from Hollywood or outside politics.

With rising energy and gas prices, affordability is expected to be a key issue for voters.

California governor race heats up with uncertainty and potential surprises (AP Photo/Juliana Yamada, File)

California governor race heats up with uncertainty and potential surprises (AP Photo/Juliana Yamada, File)

“I think that you could also see voters vote with their pockets,” Eslick said, highlighting the potential for a non-traditional candidate to gain traction.

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