Meanwhile, much better systems with more space or an additional bath sit for weeks unsold.Am I missing out on something? I understand this area is preferable, but $1.5 M for a 1-bath condo 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" documenting these kinds of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -

I live in SF, find it a beautiful city but I'm not especially attached to it, so I rent.The area where that residential or commercial property is situated is really great, I live nearby. I believe the residential or commercial property is worth that amount, considering 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 price ($ 1.4 M), so it's likely it was purposefully priced listed below market, the owner never ever implied to sell it at the asking price.The city simply has so, many wealthy people, it's difficult to comprehend. I, a total no one, 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 successful in my peer group. It's not unreasonable to drop that much in a beautiful city with such a scarce stock. I do not think that residential or commercial property value will significantly drop whenever soon, if ever.You are entitled to your own opinions and venting, but it may be more productive to simply vote with your feet and leave, if this is too aggravating to deal with. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is definitely a sign of concentrated wealth.That stated - relatively few individuals are required to price the market. This holds true for housing, stocks (where ETF-holder do not perform pricing), 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 effective speculative investments, top-level position in a successful company, 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 checking out some 25 yrs back and was stunned 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 condo Has SF constantly been crazy overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF always been wacky overpriced?It's not just SF, it's California. Even returning 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 expensive than national average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has actually always been a bit wackadoodle, but I remember 22-23 years earlier, rates 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 expense of living because area.I'm not about to transfer to Texas, but it is fantastic how quickly you can conserve a big amount of cash just by opening to other places that would make you happy.Housing prices do not decrease unless dreadful thing occur