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, however $1.5 M for a 1-bath condominium with no garage feels like 2021 energy. I need to vent!Genuinely asking ... are individuals still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about beginning a "Wall of Shame" documenting these kinds of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -

I live in SF, find it a gorgeous city however I'm not particularly attached to it, so I rent.The location where that residential or commercial property is located is really good, I live close by. I believe the residential or commercial property deserves that amount, given that somebody spent for it in a competitive market, that terrace with views of Sutro tower is amazing. It's also an excellent deal compared to its previous 2019 list price ($ 1.4 M), so it's most likely it was deliberately priced below market, the owner never ever suggested to offer it at the asking price.The city simply has so, numerous wealthy individuals, it's tough to understand. I, a complete nobody, know 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 lovely city with such a limited stock. I don't think that residential or commercial property worth will substantially drop any time quickly, if ever.You are entitled to your own viewpoints and venting, but it might be more productive to just vote with your feet and leave, if this is too discouraging to handle. reply

tossandthrow 2 hours ago|parent|next -

The housing market in SF is definitely a sign of concentrated 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 pricing), etc.You are likewise most likely not a nobody, not even in SF terms, with $6M liquid (assuming that there are rather a bit of investments on top of that). This would either require some effective speculative investments, top-level position in a successful business, inheritance, or successful exits. just inheritance with a long economical lineage would yield a wealthy nobody. reply

megamike 12 hours ago|prev|next -

I recall as a tourist visiting some 25 yrs earlier and was stunned by just 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 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 condo Has SF always been wacky overpriced? reply

PopAlongKid 11 hours ago|moms and dad|next -

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

Compzilla 11 hours ago|moms and dad|prev|next -
6sqft.com
It has always been a bit wackadoodle, however I remember 22-23 years earlier, costs 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 ready to transfer to Texas, however it is amazing how quickly you can conserve a huge amount of money simply by opening to other areas that would make you happy.Housing rates do not decrease unless awful thing occur