ft.com
Meanwhile, much better systems with more area or an additional bath sit for weeks unsold.Am I missing out on something? I understand this location is desirable, but $1.5 M for a 1-bath condo without any garage feels like 2021 energy. I require to vent!Genuinely asking ... are individuals still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm considering starting a "Wall of Shame" recording these types 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 connected to it, so I rent.The location where that residential or commercial property is situated is really excellent, I live close by. I believe the residential or commercial property deserves that amount, since somebody spent for it in a competitive market, that terrace with views of Sutro tower is amazing. It's likewise an excellent offer compared to its previous 2019 price ($ 1.4 M), so it's most likely it was intentionally priced listed below market, the owner never implied to offer it at the asking price.The city just has so, a lot of rich people, it's tough to comprehend. I, a total nobody, understand a great deal 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 effective in my peer group. It's not unreasonable to drop that much in a lovely city with such a scarce stock. I do not think that residential or commercial property value will substantially drop at any time quickly, if ever.You are entitled to your own viewpoints and venting, however it might be more efficient to just vote with your feet and leave, if this is too discouraging to deal with. reply

tossandthrow 2 hours ago|parent|next -

The housing market in SF is absolutely a sign of focused wealth.That said - reasonably couple of individuals are required to price the market. This is the case for housing, stocks (where ETF-holder do not carry out pricing), etc.You are likewise most likely not a nobody, not even in SF terms, with $6M liquid (assuming that there are a fair bit of investments on top of that). This would either need some successful speculative financial investments, high-level position in an effective business, inheritance, or effective exits. just inheritance with a long prudent lineage would yield a rich nobody. reply

megamike 12 hours ago|prev|next -

I recall as a traveler visiting some 25 years ago and was shocked by how much a breakfast was at IHOP this remained in the Golden Park area 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 reading further it was a garage made into some sort of condo Has SF constantly been goofy 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 location in 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 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, prices were high, but within earth's atmosphere. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is enhanced by the increased cost of living in that area.I'm not about to transfer to Texas, but it is remarkable how easily you can conserve a huge quantity of money simply by opening up to other locations that would make you happy.Housing costs don't decrease unless terrible thing happen