Meanwhile, much better systems with more area or an additional bath sit for weeks unsold.Am I missing something? I understand this area is desirable, however $1.5 M for a 1-bath apartment 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 thinking about starting a "Wall of Shame" documenting these types of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -

I live in SF, discover it a beautiful city but I'm not particularly connected to it, so I rent.The area where that residential or commercial property lies is truly good, I live nearby. I believe the residential or commercial property deserves that quantity, given that someone paid 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 list price ($ 1.4 M), so it's most likely it was intentionally priced listed below market, the owner never meant to sell it at the asking price.The city simply has so, so many rich people, it's difficult to comprehend. I, a complete 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 gorgeous city with such a limited inventory. I don't think that residential or commercial property value will considerably drop whenever quickly, if ever.You are entitled to your own viewpoints and venting, however it may 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 definitely an indicator of focused wealth.That stated - fairly couple of participants are required to price the marketplace. This is the case for housing, stocks (where ETF-holder do not perform rates), etc.You are also most likely not a nobody, not even in SF terms, with $6M liquid (assuming that there are quite a bit of investments on top of that). This would either require some successful speculative investments, top-level position in a successful company, inheritance, or successful exits. only with a long prudent family tree would yield a wealthy nobody. reply

megamike 12 hours ago|prev|next -

I remember as a tourist going to some 25 years back and was stunned by how much a breakfast was at IHOP this remained in the Golden Park location and than was more shocked 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 'system' for 350,000 and reading 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 constantly been wacky overpriced?It's not simply SF, it's California. Even returning 40 years, nearly any place in between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has been substantially more pricey 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, but I remember 22-23 years ago, costs 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 about to relocate to Texas, but it is fantastic how quickly you can save a big quantity of money simply by opening up to other areas that would make you happy.Housing prices do not decrease unless dreadful thing take place