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Meanwhile, better units with more area or an additional bath sit for weeks unsold.Am I missing out on something? I know this area is desirable, but $1.5 M for a 1-bath condo with no garage seems like 2021 energy. I require to vent!Genuinely asking ... are individuals still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about starting a "Wall of Shame" documenting these kinds of sales. Exhibit 1: this one.
deanmoriarty 6 hours ago|next -
I live in SF, discover it a stunning city but I'm not especially connected to it, so I rent.The location where that residential or commercial property lies is truly excellent, I live close by. I think the residential or commercial property deserves that quantity, since someone spent for it in a competitive market, that terrace with views of Sutro tower is spectacular. It's likewise a bargain compared to its previous 2019 sale rate ($ 1.4 M), so it's likely it was purposefully priced below market, the owner never meant to sell it at the asking price.The city simply has so, a lot of rich people, it's challenging to comprehend. I, a total nobody, understand a lot 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 beautiful city with such a scarce inventory. I do not think that residential or commercial property value will substantially drop whenever soon, if ever.You are entitled to your own opinions and venting, however it might be more productive to simply vote with your feet and leave, if this is too aggravating to deal with.
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tossandthrow 2 hours ago|parent|next -
The housing market in SF is certainly an indicator of focused wealth.That stated - relatively few participants are required to price the marketplace. This holds true for housing, stocks (where ETF-holder do not perform pricing), etc.You are also most 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 effective speculative investments, high-level position in an effective company, inheritance, or successful exits. just inheritance with a long frugal family tree would yield a rich nobody.
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megamike 12 hours ago|prev|next -
I remember as a traveler checking out some 25 yrs ago and was stunned by how much a breakfast was at IHOP this was in the Golden Park area and than was more surprised when down the street at a real estate agents office with the for sale listings on the window and there was a listing for a 'unit' for 350,000 and further it was a garage made into some sort of condominium Has SF constantly been goofy overpriced?
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PopAlongKid 11 hours ago|moms and dad|next -
> Has SF always been wacky overpriced?It's not simply 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 expensive than national average. 0 unless it has an ocean view
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Compzilla 11 hours ago|moms and dad|prev|next -
It has constantly been a bit wackadoodle, however I keep in mind 22-23 years earlier, costs were high, but within earth's environment.
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leakycap 8 hours ago|prev|next -
Ask yourself if your quality of life is enhanced by the increased cost of living because area.I'm not about to move to Texas, but it is incredible how quickly you can save a huge amount of cash just by opening to other places that would make you happy.Housing prices do not go down unless horrible thing happen
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SF Housing Madness. Sick of Screaming into the Void
Hermelinda Llanas edited this page 6 days ago