google.ch
Meanwhile, better units with more area or an additional bath sit for weeks unsold.Am I missing out on something? I know this location is desirable, however $1.5 M for a 1-bath apartment without any garage seems 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 considering beginning a "Wall of Shame" recording these types of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -
wikipedia.org
I reside in SF, find it a beautiful city however I'm not particularly attached to it, so I rent.The location where that residential or commercial property is located is really great, I live nearby. I think the residential or commercial property deserves that quantity, because someone spent for it in a competitive market, that terrace with views of Sutro tower is amazing. It's also a bargain compared to its previous 2019 sale price ($ 1.4 M), so it's most likely it was intentionally priced below market, the owner never indicated to sell it at the asking price.The city simply has so, numerous rich people, it's tough to comprehend. I, a complete nobody, understand 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 gorgeous city with such a scarce stock. I do not believe that residential or commercial property value will significantly drop whenever soon, if ever.You are entitled to your own viewpoints and venting, but it may be more productive 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 definitely an indication of focused wealth.That stated - reasonably couple of individuals are required to price the marketplace. This holds true for housing, stocks (where ETF-holder do not carry out pricing), etc.You are also likely not a no one, not even in SF terms, with $6M liquid (presuming that there are a fair bit of investments on top of that). This would either require some successful 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 tourist visiting some 25 yrs earlier and was stunned by just 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 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, 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 significantly more pricey than nationwide 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 earlier, rates were high, but within earth's atmosphere. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your lifestyle is enhanced by the increased cost of living in that area.I'm not ready to move to Texas, however it is remarkable how quickly you can save a huge amount of cash just by opening up to other places that would make you happy.Housing prices do not go down unless terrible thing happen