homes.com
Meanwhile, much better systems with more area or an additional bath sit for weeks unsold.Am I missing something? I understand this location is desirable, but $1.5 M for a 1-bath condo with no 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 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 gorgeous city however I’m not especially connected to it, so I rent.The area where that residential or commercial property is located is truly great, I live nearby. I believe 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 bargain compared to its previous 2019 sale cost ($ 1.4 M), so it’s most likely it was purposefully priced listed below market, the owner never meant to offer it at the asking price.The city just has so, many rich people, it’s tough to comprehend. I, a complete nobody, know a lot 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 stunning city with such a limited inventory. I do not believe that residential or commercial property value will substantially drop at any time soon, if ever.You are entitled to your own viewpoints and venting, but it may be more efficient to just 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 indicator of focused wealth.That stated - reasonably few individuals are needed to price the market. This is the case for housing, stocks (where ETF-holder do not carry out 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 require some successful speculative investments, high-level position in an effective company, inheritance, or effective exits. only inheritance with a long economical family tree would yield a rich no one. reply

megamike 12 hours ago|prev|next -

I remember as a traveler going to some 25 years earlier and was shocked by how much a breakfast was at IHOP this was 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 reading further it was a garage made into some sort of apartment Has SF constantly been goofy overpriced? reply

PopAlongKid 11 hours ago|parent|next -

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

Compzilla 11 hours ago|parent|prev|next -

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

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is enhanced by the increased cost of living because area.I’m not ready to transfer to Texas, however it is amazing how quickly you can conserve a substantial quantity of cash simply by opening up to other locations that would make you happy.Housing costs do not decrease unless terrible thing happen