Meanwhile, better systems with more space or an additional bath sit for weeks unsold.Am I missing something? I know this area is preferable, however $1.5 M for a 1-bath condominium with no garage seems like 2021 energy. I need to vent!Genuinely asking … are individuals still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I’m considering starting a “Wall of Shame” documenting these kinds of sales. Exhibit 1: this one.
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deanmoriarty 6 hours ago|next -

I reside in SF, find it a beautiful city but I’m not particularly connected to it, so I rent.The area where that residential or commercial property lies is really great, I live close by. I believe the residential or commercial property is worth that amount, because somebody spent for it in a competitive market, that terrace with views of Sutro tower is spectacular. It’s also a bargain compared to its previous 2019 list price ($ 1.4 M), so it’s likely it was purposefully priced below market, the owner never indicated to sell it at the asking price.The city just has so, numerous rich people, it’s challenging to understand. I, a total no one, understand a lot of individuals 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 do not believe that residential or commercial property value will considerably drop whenever soon, if ever.You are entitled to your own viewpoints and venting, however it might be more productive to just vote with your feet and leave, if this is too aggravating to deal with. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is definitely a sign of focused wealth.That stated - relatively few individuals are required to price the market. This holds true for housing, stocks (where ETF-holder do not carry out rates), 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 business, inheritance, or effective exits. only inheritance with a long penny-wise family tree would yield a rich no one. reply

megamike 12 hours ago|prev|next -

I remember as a tourist going to some 25 yrs back and was shocked 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 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 wacky overpriced? reply

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, nearly any place 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 nationwide 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, however I remember 22-23 years earlier, costs were high, but within earth’s atmosphere. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is improved by the increased expense of living because area.I’m not about to move to Texas, however it is amazing how easily you can save a huge quantity of money just by opening up to other areas that would make you happy.Housing costs do not decrease unless awful thing take place