Meanwhile, much better systems with more area or an additional bath sit for weeks unsold.Am I missing something? I understand this location is preferable, but $1.5 M for a 1-bath apartment without any garage feels 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 considering beginning a "Wall of Shame" recording these kinds of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -

I live in SF, discover it a beautiful city however I'm not particularly connected to it, so I rent.The location where that residential or commercial property is situated is really excellent, I live close by. I think the residential or commercial property deserves that quantity, given that somebody paid for it in a competitive market, that terrace with views of Sutro tower is amazing. It's likewise a bargain compared to its previous 2019 price ($ 1.4 M), so it's likely it was deliberately priced below market, the owner never meant to offer it at the asking price.The city just has so, numerous wealthy people, it's tough to understand. I, a total nobody, know 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 successful in my peer group. It's not unreasonable to drop that much in a beautiful city with such a scarce stock. I do not think that residential or commercial property worth will substantially drop at any time quickly, if ever.You are entitled to your own viewpoints and venting, however it may be more efficient to simply 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 absolutely an indication of focused wealth.That said - reasonably few individuals are needed to price the marketplace. This is the case for housing, stocks (where ETF-holder do not perform prices), etc.You are likewise 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 need some successful speculative financial investments, high-level position in an effective business, inheritance, or effective exits. only inheritance with a long economical family tree would yield a rich nobody. reply

megamike 12 hours ago|prev|next -

I recall as a traveler visiting some 25 yrs back and was surprised by just how much a breakfast was at IHOP this remained in the Golden Park location 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 'system' for 350,000 and checking out further it was a garage made into some sort of condominium Has SF always 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, practically any location in between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has been substantially more costly than national average. 0 unless it has an ocean view reply

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

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

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is enhanced by the increased cost of living in that area.I'm not ready to relocate to Texas, however it is fantastic how quickly you can conserve a big quantity of cash just by opening to other locations that would make you happy.Housing prices don't decrease unless dreadful thing take place