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Meanwhile, much better systems with more space or an additional bath sit for weeks unsold.Am I missing something? I know this area is preferable, but $1.5 M for a 1-bath condo without any garage feels like 2021 energy. I need to vent!Genuinely asking ... are people still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about starting a "Wall of Shame" documenting these kinds of sales. Exhibit 1: this one.
deanmoriarty 6 hours ago|next -
I live in SF, discover it a stunning city but I'm not especially connected to it, so I rent.The area where that residential or commercial property lies is truly excellent, I live close by. I think the residential or commercial property deserves that amount, given that someone paid for it in a competitive market, that terrace with views of Sutro tower is incredible. It's also a great deal compared to its previous 2019 list price ($ 1.4 M), so it's most likely it was deliberately priced below market, the owner never suggested to offer it at the asking price.The city just has so, so many rich people, it's challenging to understand. I, a complete no one, 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 stunning city with such a limited stock. I do not believe that residential or commercial property value will substantially drop whenever soon, if ever.You are entitled to your own viewpoints and venting, but it might be more productive to just vote with your feet and leave, if this is too frustrating to deal with.
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tossandthrow 2 hours ago|moms and dad|next -
The housing market in SF is certainly an indicator of focused wealth.That stated - relatively few participants are needed to price the market. This is the case for housing, stocks (where ETF-holder do not perform rates), etc.You are also most likely not a no one, not even in SF terms, with $6M liquid (assuming that there are quite a bit of financial investments on top of that). This would either require some effective speculative financial investments, high-level position in an effective company, inheritance, or effective exits. just inheritance with a long frugal family tree would yield a wealthy nobody.
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megamike 12 hours ago|prev|next -
I remember as a tourist checking out some 25 years ago and was shocked by just 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 'system' for 350,000 and reading even more it was a garage made into some sort of condo Has SF always been crazy overpriced?
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PopAlongKid 11 hours ago|parent|next -
> Has SF constantly been crazy overpriced?It's not just SF, it's California. Even going back 40 years, nearly any location in between Bay Area and 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
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Compzilla 11 hours ago|parent|prev|next -
It has actually constantly been a bit wackadoodle, however I remember 22-23 years back, costs were high, however within earth's environment.
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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 relocate to Texas, however it is incredible how easily you can save a big amount of money just by opening to other places that would make you happy.Housing prices don't go down unless awful thing happen
Cela supprimera la page "SF Housing Madness. Tired of Screaming into Deep Space"
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