San Francisco a Booming Bubble?

Housing market, schmousing market! San Francisco is alive and well, thanks to die-hard tourists who dine, shop, and attend theatre religiously. The streets are humming with activity and the restaurants are packed! Indeed small business owners face economic challenges in costs, but they are encouraged by uninterrupted patronage and support. To what can San Francisco attribute its immunity in this slump they keep reading about outside the city limits?

Last year's all-time high in travel and tourism doesn't look like it will take a nose-dive anytime soon. Perhaps the culture of San Francisco is such that dining out is a way of life, an event, a birthright even. Maybe the accessibility of public transportation and the city's appeal to European tourists makes the dollar against the Euro a no-brainer in the decision to venture to the City by the Bay. The shift in economy does, however, yield considerably higher prices, although it seems to go unnoticed by consumers determined to wait out the alleged slump. It seems "very San Fran" not to worry about what might happen and to continue living and putting one's money back into the economy. Is San Francisco proving to be a self-sustaining sphere? Not surprising that true to its pioneering nature, once again it is standing up and standing out!

See this previous article for more about San Francisco's booming housing market.