Meanwhile, much better systems with more space or an extra bath sit for weeks unsold.Am I missing something? I know this area is preferable, but $1.5 M for a 1-bath apartment without any garage seems like 2021 energy. I require to vent!Genuinely asking ... are people still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about beginning a "Wall of Shame" these kinds of sales. Exhibit 1: this one.
deanmoriarty 6 hours ago|next -
I reside in SF, find it a gorgeous city but I'm not particularly connected to it, so I rent.The location where that residential or commercial property is located is really good, I live nearby. I think the residential or commercial property is worth that quantity, because someone paid for it in a competitive market, that terrace with views of Sutro tower is magnificent. It's likewise a great deal compared to its previous 2019 sale price ($ 1.4 M), so it's likely it was purposefully priced listed below market, the owner never ever meant to offer it at the asking price.The city simply has so, a lot of rich people, it's tough to comprehend. I, a complete nobody, know a lot of people in their 20s with $10M+ net worth. I'm in my 30s with a $6M liquid net worth and I'm the least effective in my peer group. It's not unreasonable to drop that much in a beautiful city with such a scarce inventory. I do not believe that residential or commercial property worth will significantly drop whenever soon, if ever.You are entitled to your own viewpoints and venting, but it may be more efficient to simply vote with your feet and leave, if this is too discouraging to handle.
reply
tossandthrow 2 hours ago|parent|next -
The housing market in SF is absolutely an indication of focused wealth.That said - relatively couple of participants are needed to price the market. This is the case for housing, stocks (where ETF-holder do not carry out rates), etc.You are likewise likely not a nobody, not even in SF terms, with $6M liquid (presuming that there are a fair bit of financial investments on top of that). This would either require some successful speculative financial investments, high-level position in an effective company, inheritance, or effective exits. only inheritance with a long prudent family tree would yield a rich no one.
reply
megamike 12 hours ago|prev|next -
mortgage-interest.com
I remember as a tourist visiting some 25 yrs ago and was surprised by just how much a breakfast was at IHOP this remained in the Golden Park area and than was more surprised 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 checking out further it was a garage made into some sort of condo Has SF constantly been crazy overpriced?
reply
PopAlongKid 11 hours ago|parent|next -
mortgage-talk.com
> Has SF always been goofy overpriced?It's not just SF, it's California. Even returning 40 years, practically any location between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has actually been substantially more pricey than national average. 0 unless it has an ocean view
reply
Compzilla 11 hours ago|moms and dad|prev|next -
It has actually always been a bit wackadoodle, but I remember 22-23 years back, rates were high, however within earth's atmosphere.
reply
leakycap 8 hours ago|prev|next -
Ask yourself if your lifestyle is improved by the increased expense of living in that area.I'm not ready to relocate to Texas, but it is remarkable how quickly you can conserve a huge quantity of cash just by opening to other areas that would make you happy.Housing prices don't decrease unless horrible thing happen
1
SF Housing Madness. Sick of Screaming into Deep Space
Hermelinda Llanas edited this page 3 days ago