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Meanwhile, much better units with more area or an extra bath sit for weeks unsold.Am I missing out on something? I understand this location is preferable, but $1.5 M for a 1-bath condominium with no garage seems like 2021 energy. I need to vent!Genuinely asking ... are people still panic-buying? Is this simply wealth inertia? Tech optimism? Delusion?And yeah, I'm considering starting a "Wall of Shame" documenting these kinds of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -

I reside in SF, find it a lovely city however I'm not particularly connected to it, so I rent.The area where that residential or commercial property lies is actually great, I live nearby. I believe the residential or commercial property deserves that amount, since somebody paid for it in a competitive market, that terrace with views of Sutro tower is amazing. It's likewise a bargain compared to its previous 2019 sale rate ($ 1.4 M), so it's likely it was deliberately priced below market, the owner never ever suggested to offer it at the asking price.The city just has so, a lot of rich people, it's challenging to understand. I, a complete nobody, understand a lot 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 lovely city with such a limited stock. I do not think that residential or commercial property worth will significantly drop at any time soon, if ever.You are entitled to your own opinions and venting, but it might be more efficient to simply 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 an indication of focused wealth.That stated - reasonably few individuals are needed 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 nobody, not even in SF terms, with $6M liquid (assuming that there are quite a bit of financial investments on top of that). This would either require some effective speculative financial investments, high-level position in an effective business, inheritance, or successful exits. only inheritance with a long economical lineage would yield a wealthy no one. reply

megamike 12 hours ago|prev|next -

I remember as a traveler going to some 25 years ago and was surprised by just how much a breakfast was at IHOP this was 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 condominium Has SF always been goofy overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF constantly been ?It's not simply SF, it's California. Even going back 40 years, practically 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 costly than national average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has actually constantly been a bit wackadoodle, however I keep in mind 22-23 years back, rates 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 in that area.I'm not about to move to Texas, but it is incredible how quickly you can conserve a huge amount of cash just by opening up to other locations that would make you happy.Housing costs do not go down unless awful thing take place