Meanwhile, much better systems with more space or an additional bath sit for weeks unsold.Am I missing out on something? I understand this location is desirable, but $1.5 M for a 1-bath condominium with no garage feels like 2021 energy. I require to vent!Genuinely asking … are people still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I’m considering beginning 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 beautiful city but I’m not particularly connected to it, so I rent.The location where that residential or commercial property lies is actually good, I live nearby. I believe the residential or commercial property deserves that quantity, considering that somebody spent for it in a competitive market, that terrace with views of Sutro tower is incredible. 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 suggested to offer it at the asking price.The city just has so, a lot of rich people, it’s hard to comprehend. I, a complete no one, understand a great deal 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 effective in my peer group. It’s not unreasonable to drop that much in a stunning city with such a scarce inventory. I don’t think that residential or commercial property value will significantly drop any time soon, if ever.You are entitled to your own opinions and venting, however it may be more efficient to simply vote with your feet and leave, if this is too aggravating to handle. reply

tossandthrow 2 hours ago|parent|next -

The housing market in SF is absolutely an indication of concentrated wealth.That said - reasonably few participants are needed to price the market. This holds true for housing, stocks (where ETF-holder do not carry out pricing), etc.You are likewise most likely not a nobody, not even in SF terms, with $6M liquid (presuming that there are rather a bit of investments on top of that). This would either require some effective speculative financial investments, high-level position in an effective company, inheritance, or successful exits. only inheritance with a long frugal family tree would yield a rich no one. reply

megamike 12 hours ago|prev|next -

I recall as a traveler checking out some 25 yrs ago and was shocked by how much a breakfast was at IHOP this remained in the Golden Park area and than was more stunned 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 checking out further 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 constantly been wacky overpriced?It’s not simply SF, it’s California. Even going back 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 significantly more costly than national 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 keep in mind 22-23 years earlier, costs were high, however within earth’s environment. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your lifestyle is enhanced by the increased expense of living in that area.I’m not ready to transfer to Texas, however it is fantastic how easily you can save a huge quantity of cash simply by opening to other locations that would make you happy.Housing rates don’t go down unless dreadful thing happen