Rising Prices

2008 marks my 10 year anniversary of moving to San Francisco (August).

Take a look at the average price for a place in Pacific Heights then and now compared to some common goods. If only a condo increased by the same percentage as a gallon of milk. Will it continue? Unlike in a majority of the U.S., I say yes.

Pacific Heights
Average cost of a single family house
1997 $1,706,000
2007 $5,022,000

Average cost of a USPS stamp
$0.32
$0.41

Average cost of a Condo/Loft/TIC
$487,294
$1,242,000

Average cost of a gallon of milk
$2.49
$3.99

Average cost of a multi unit building
$1,060,000
$2,328,000