Meanwhile, much better systems with more space or an additional bath sit for weeks unsold.Am I missing out on something? I know this area is preferable, however $1.5 M for a 1-bath condo with no garage feels like 2021 energy. I require to vent!Genuinely asking ... are individuals still panic-buying? Is this just wealth inertia? Tech optimism? Delusion?And yeah, I'm considering starting a "Wall of Shame" recording these kinds of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -
realliving.com
I reside in SF, discover it a beautiful city but I'm not particularly attached to it, so I rent.The location where that residential or commercial property is situated is truly great, I live close by. I think the residential or commercial property is worth that quantity, because someone paid for it in a competitive market, that terrace with views of Sutro tower is magnificent. It's likewise a bargain compared to its previous 2019 sale cost ($ 1.4 M), so it's likely it was deliberately priced listed below market, the owner never suggested to sell it at the asking price.The city just has so, so numerous rich individuals, it's difficult to understand. I, a complete nobody, know 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 scarce stock. I don't think that residential or commercial property value will substantially drop whenever soon, if ever.You are entitled to your own viewpoints and venting, however it might be more 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 certainly an indicator of concentrated wealth.That said - relatively couple of participants are required 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 nobody, not even in SF terms, with $6M liquid (assuming that there are rather a bit of investments on top of that). This would either require some effective speculative investments, top-level position in an effective company, inheritance, or successful exits. only inheritance with a long prudent family tree would yield a wealthy no one. reply

megamike 12 hours ago|prev|next -

I remember as a traveler checking out some 25 years ago and was surprised by how much a breakfast was at IHOP this was in the Golden Park location and than was more stunned 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 checking out even more 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 goofy overpriced?It's not just 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 been substantially 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 always been a bit wackadoodle, however I keep in mind 22-23 years ago, prices were high, but within earth's atmosphere. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your quality of life is improved by the increased cost of living in that area.I'm not about to transfer to Texas, however it is remarkable how easily you can save a huge amount of cash just by opening to other places that would make you happy.Housing prices don't decrease unless terrible thing take place