SF Housing Madness. Sick of Screaming into the Void
Newton Spragg edited this page 3 weeks ago

real-markt.de
Meanwhile, better systems with more area or an extra bath sit for weeks unsold.Am I missing out on something? I understand this area is preferable, but $1.5 M for a 1-bath condo with no garage seems like 2021 energy. I need to vent!Genuinely asking ... are people still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about beginning a "Wall of Shame" recording these kinds of sales. Exhibit 1: this one.
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deanmoriarty 6 hours ago|next -

I reside in SF, find it a gorgeous city however I'm not especially connected to it, so I rent.The area where that residential or commercial property lies is actually great, I live close by. I think the residential or commercial property is worth that amount, because somebody paid for it in a competitive market, that terrace with views of Sutro tower is amazing. It's also a bargain compared to its previous 2019 list price ($ 1.4 M), so it's likely it was intentionally priced listed below market, the owner never ever implied to sell it at the asking price.The city just has so, a lot of rich people, it's hard to understand. I, a complete no one, understand a great deal of individuals 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 lovely city with such a scarce stock. I do not think that residential or commercial property value will substantially drop at any time quickly, if ever.You are entitled to your own viewpoints and venting, but it may be more productive to just vote with your feet and leave, if this is too discouraging to handle. reply

2 hours ago|moms and dad|next -

The housing market in SF is definitely a sign of focused wealth.That stated - reasonably couple of participants are required to price the market. This holds true for housing, stocks (where ETF-holder do not perform pricing), etc.You are also most likely not a no one, 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 wealthy nobody. reply

megamike 12 hours ago|prev|next -

I recall as a tourist going to some 25 yrs ago and was stunned by how much a breakfast was at IHOP this remained in the Golden Park location and than was more shocked 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 'system' for 350,000 and checking out even more it was a garage made into some sort of condominium Has SF constantly been wacky overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF always been goofy overpriced?It's not simply SF, it's California. Even returning 40 years, practically any place in between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has actually been significantly more pricey than nationwide average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has constantly been a bit wackadoodle, but I keep in mind 22-23 years ago, rates were high, but within earth's environment. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your lifestyle is enhanced by the increased expense of living because area.I'm not about to move to Texas, but it is amazing how quickly you can conserve a big amount of money just by opening to other places that would make you happy.Housing rates do not go down unless awful thing take place