Meanwhile, better units with more space or an extra bath sit for weeks unsold.Am I missing something? I know this area is desirable, however $1.5 M for a 1-bath condo 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 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 particularly connected to it, so I rent.The area where that residential or commercial property is situated is really great, I live nearby. I think the residential or commercial property is worth that amount, given that someone spent for it in a competitive market, that terrace with views of Sutro tower is incredible. It's likewise a great offer compared to its previous 2019 sale price ($ 1.4 M), so it's most likely it was deliberately priced listed below market, the owner never meant to sell it at the asking price.The city simply has so, numerous rich people, it's hard to understand. I, a total no one, understand a great deal of individuals 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 beautiful city with such a scarce inventory. I do not believe that residential or commercial property value will substantially drop at any time quickly, if ever.You are entitled to your own opinions and venting, however it might be more productive to just vote with your feet and leave, if this is too aggravating to deal with. reply

tossandthrow 2 hours ago|parent|next -

The housing market in SF is absolutely a sign of focused wealth.That stated - reasonably few individuals are needed to price the market. This holds true for housing, stocks (where ETF-holder do not perform pricing), etc.You are likewise most likely not a no one, 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, high-level position in a successful business, inheritance, or successful exits. just inheritance with a long frugal lineage would yield a rich no one. reply

megamike 12 hours ago|prev|next -

I recall as a tourist checking out some 25 years earlier and was shocked by just how much a breakfast was at IHOP this remained in the Golden Park location and than was more stunned when down the street at a real estate with the for sale listings on the window and there was a listing for a 'unit' for 350,000 and checking out further it was a garage made into some sort of apartment Has SF always been wacky overpriced? reply

PopAlongKid 11 hours ago|parent|next -

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

Compzilla 11 hours ago|moms and dad|prev|next -

It has constantly been a bit wackadoodle, however I remember 22-23 years back, costs were high, but within earth's environment. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is improved by the increased expense of living in that area.I'm not ready to relocate to Texas, however it is fantastic how quickly you can save a big quantity of cash simply by opening to other locations that would make you happy.Housing prices do not go down unless awful thing happen