nosazz

1 SF Housing Madness. Sick of Screaming into the Void

Meanwhile, better systems with more space or an extra bath sit for weeks unsold.Am I missing something? I know this area is desirable, but $1.5 M for a 1-bath condominium without any garage seems like 2021 energy. I require to vent!Genuinely asking ... are individuals still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I'm considering beginning a "Wall of Shame" recording these types of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -

I reside in SF, find it a beautiful city but I'm not especially connected to it, so I rent.The location where that residential or commercial property lies is truly excellent, I live close by. I believe the residential or commercial property is worth that quantity, because someone paid for it in a competitive market, that terrace with views of Sutro tower is incredible. It's likewise a bargain compared to its previous 2019 sale cost ($ 1.4 M), so it's likely it was purposefully priced listed below market, the owner never indicated to sell it at the asking price.The city simply has so, numerous wealthy individuals, it's hard to understand. I, a total 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 lovely city with such a limited inventory. I don't believe that residential or commercial property worth will considerably drop whenever soon, if ever.You are entitled to your own opinions and venting, but it might be more productive to just vote with your feet and leave, if this is too aggravating to handle. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is certainly an indication of focused wealth.That said - relatively few individuals are needed 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 nobody, not even in SF terms, with $6M liquid (presuming that there are quite a bit of investments on top of that). This would either require some successful speculative investments, high-level position in a successful company, inheritance, or effective exits. only inheritance with a long economical lineage would yield a wealthy no one. reply

megamike 12 hours ago|prev|next -

I remember as a tourist visiting some 25 yrs ago and was surprised by how much a breakfast was at IHOP this was in the Golden Park area and than was more shocked 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 even more it was a garage made into some sort of condominium Has SF constantly been goofy overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF constantly been wacky overpriced?It's not simply SF, it's California. Even going back 40 years, almost 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 expensive than national average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has always been a bit wackadoodle, however I remember 22-23 years back, costs were high, but within earth's atmosphere. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is improved by the increased cost of living in that area.I'm not ready to transfer to Texas, but it is amazing how easily you can save a huge quantity of money just by opening to other areas that would make you happy.Housing rates do not decrease unless terrible thing happen