Meanwhile, better systems with more area or an additional bath sit for weeks unsold.Am I missing something? I understand this location is desirable, however $1.5 M for a 1-bath condo without any garage seems like 2021 energy. I require to vent!Genuinely asking ... are people still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I'm thinking about 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 but I'm not especially attached to it, so I rent.The location where that residential or commercial property lies is actually good, I live close by. I think the residential or commercial property deserves that amount, considering that someone spent for it in a competitive market, that terrace with views of Sutro tower is incredible. It's also an excellent deal compared to its previous 2019 sale rate ($ 1.4 M), so it's likely it was intentionally priced below market, the owner never suggested to offer it at the asking price.The city simply has so, many rich individuals, it's challenging to understand. I, a complete nobody, understand a great deal of people in their 20s with $10M+ net worth. I remain in my 30s with a $6 net worth and I'm the least effective in my peer group. It's not unreasonable to drop that much in a gorgeous city with such a scarce inventory. I don't think that residential or commercial property value will considerably drop any time soon, if ever.You are entitled to your own viewpoints and venting, but it may be more efficient to simply vote with your feet and leave, if this is too frustrating to deal with. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is definitely a sign of focused wealth.That stated - reasonably couple of individuals are needed to price the marketplace. This holds true for housing, stocks (where ETF-holder do not carry out prices), etc.You are also most likely not a nobody, not even in SF terms, with $6M liquid (presuming that there are rather a bit of financial investments on top of that). This would either require some successful speculative financial investments, top-level position in a successful business, inheritance, or effective exits. just inheritance with a long prudent family tree would yield a rich nobody. reply

megamike 12 hours ago|prev|next -

I recall as a tourist checking out some 25 years earlier and was stunned by just how much a breakfast was at IHOP this was in the Golden Park location and than was more shocked 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 'unit' for 350,000 and reading even more it was a garage made into some sort of condominium Has SF always been wacky overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF constantly been wacky overpriced?It's not just SF, it's California. Even returning 40 years, practically any place in between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has actually been substantially more expensive than nationwide average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has always been a bit wackadoodle, however I keep in mind 22-23 years ago, 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 cost of living because area.I'm not about to transfer to Texas, however it is fantastic how easily you can save a substantial amount of money simply by opening to other areas that would make you happy.Housing prices do not decrease unless awful thing happen