homes.com
Meanwhile, much better systems with more space or an additional bath sit for weeks unsold.Am I missing something? I know this area is desirable, but $1.5 M for a 1-bath apartment without any garage seems like 2021 energy. I need to vent!Genuinely asking ... are individuals still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about starting a "Wall of Shame" documenting these kinds of sales. Exhibit 1: this one.
deanmoriarty 6 hours ago|next -
I live in SF, discover it a beautiful city however I'm not particularly connected to it, so I rent.The area where that residential or commercial property is located is actually great, I live close by. I think the residential or commercial property is worth that amount, given that somebody spent for it in a competitive market, that terrace with views of Sutro tower is magnificent. It's likewise a good offer compared to its previous 2019 price ($ 1.4 M), so it's most likely it was deliberately priced below market, the owner never ever suggested to offer it at the asking price.The city simply has so, so many rich individuals, it's hard to understand. I, a total nobody, know a great deal of people in their 20s with $10M+ net worth. I remain in my 30s with a $6M liquid net worth and I'm the least successful in my peer group. It's not unreasonable to drop that much in a lovely city with such a limited stock. I don't believe that residential or commercial property value will significantly drop whenever soon, if ever.You are entitled to your own viewpoints and venting, but it might be more efficient to just vote with your feet and leave, if this is too discouraging to deal with.
reply
tossandthrow 2 hours ago|parent|next -
The housing market in SF is absolutely a sign of focused wealth.That said - relatively few individuals are required to price the market. This is the case for housing, stocks (where ETF-holder do not carry out rates), etc.You are likewise most likely not a no one, not even in SF terms, with $6M liquid (assuming that there are quite a bit of financial investments on top of that). This would either need some successful speculative financial investments, top-level position in a successful company, inheritance, or effective exits. just inheritance with a long economical family tree would yield a rich no one.
reply
megamike 12 hours ago|prev|next -
I recall as a traveler going to some 25 years back and was surprised by just how much a breakfast was at IHOP this was in the Golden Park location and than was more shocked when down the street at a real estate agents workplace with the for sale listings on the window and there was a listing for a 'unit' for 350,000 and reading even more it was a garage made into some sort of condo Has SF always been goofy overpriced?
reply
PopAlongKid 11 hours ago|parent|next -
> Has SF constantly been goofy overpriced?It's not simply SF, it's California. Even returning 40 years, nearly any place in between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has been substantially more pricey than national average. 0 unless it has an ocean view
reply
Compzilla 11 hours ago|parent|prev|next -
It has always been a bit wackadoodle, however I remember 22-23 years ago, costs were high, however within earth's environment.
reply
leakycap 8 hours ago|prev|next -
Ask yourself if your quality of life is by the increased cost of living in that area.I'm not ready to transfer to Texas, however it is remarkable how quickly you can save a huge quantity of money just by opening to other locations that would make you happy.Housing prices don't decrease unless dreadful thing happen
1
SF Housing Madness. Fed up with Screaming into Deep Space
Hermelinda Llanas edited this page 2 days ago