Meanwhile, much better units with more space 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 without any 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, find it a beautiful city however I’m not especially connected to it, so I rent.The location where that residential or commercial property lies is actually great, I live nearby. I think the residential or commercial property is worth that quantity, because somebody spent for it in a competitive market, that terrace with views of Sutro tower is incredible. It’s also a great deal compared to its previous 2019 price ($ 1.4 M), so it’s likely it was intentionally priced listed below market, the owner never indicated to sell it at the asking price.The city just has so, so lots of rich people, it’s tough to comprehend. I, a complete nobody, understand a great deal 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 effective in my peer group. It’s not unreasonable to drop that much in a gorgeous city with such a limited stock. I do not believe that residential or commercial property worth will significantly drop any time quickly, if ever.You are entitled to your own opinions and venting, however it may be more efficient to just vote with your feet and leave, if this is too discouraging to deal with. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is definitely an indicator of focused wealth.That stated - fairly few individuals are needed to price the market. This holds true for housing, stocks (where ETF-holder do not carry out prices), etc.You are likewise likely not a nobody, not even in SF terms, with $6M liquid (assuming that there are quite a bit of investments on top of that). This would either need some effective speculative investments, high-level position in a successful company, inheritance, or effective exits. just inheritance with a long penny-wise lineage would yield a rich no one. reply

megamike 12 hours ago|prev|next -

I remember as a traveler visiting some 25 yrs ago and was shocked by just how much a breakfast was at IHOP this was in the Golden Park location 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 ‘system’ for 350,000 and checking out even more it was a garage made into some sort of apartment Has SF always been crazy overpriced? reply

PopAlongKid 11 hours ago|moms and dad|next -

> Has SF always been wacky overpriced?It’s not just SF, it’s California. Even going back 40 years, almost 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 nationwide average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|moms and dad|prev|next -

It has always been a bit wackadoodle, but I remember 22-23 years ago, rates were high, but within earth’s atmosphere. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your lifestyle is enhanced by the increased cost of living in that area.I’m not ready to relocate to Texas, however it is remarkable how easily you can save a big quantity of cash simply by opening up to other locations that would make you happy.Housing rates don’t go down unless terrible thing occur