Meanwhile, better systems with more space or an extra bath sit for weeks unsold.Am I missing out on something? I understand this area is desirable, but $1.5 M for a 1-bath condo with no garage feels like 2021 energy. I require to vent!Genuinely asking ... are individuals still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm considering starting a "Wall of Shame" documenting these types 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 location where that residential or commercial property lies is truly great, I live nearby. I believe the residential or commercial property is worth that quantity, because someone spent for it in a competitive market, that terrace with views of Sutro tower is magnificent. It's also an excellent deal compared to its previous 2019 list price ($ 1.4 M), so it's most likely it was intentionally priced below market, the owner never indicated to offer it at the asking price.The city simply has so, numerous wealthy individuals, it's difficult to comprehend. I, a total no one, understand a lot of people 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 inventory. I don't think that residential or commercial property value will considerably drop at any time soon, if ever.You are entitled to your own opinions and venting, however it may be more productive 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 definitely a sign of concentrated wealth.That said - reasonably few individuals are required to price the market. This is the case for housing, stocks (where ETF-holder do not perform prices), etc.You are also most likely not a no one, not even in SF terms, with $6M liquid (assuming that there are a fair bit of financial investments on top of that). This would either need some effective speculative financial investments, top-level position in a successful business, inheritance, or successful exits. just inheritance with a long penny-wise family tree would yield a wealthy no one. reply

megamike 12 hours ago|prev|next -

I remember as a traveler visiting some 25 yrs ago and was stunned by 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 further it was a garage made into some sort of apartment Has SF constantly been wacky overpriced? reply

PopAlongKid 11 hours ago|parent|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|parent|prev|next -

It has actually always been a bit wackadoodle, however I keep in mind 22-23 years ago, rates were high, however within earth's atmosphere. 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 transfer to Texas, however it is incredible how quickly you can conserve a big amount of cash just by opening to other locations that would make you happy.Housing costs do not go down unless awful thing happen