Meanwhile, much better units with more area or an extra bath sit for weeks unsold.Am I missing something? I understand this area is desirable, however $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 just 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 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 lies is really good, I live nearby. I think the residential or commercial property is worth that quantity, since somebody spent for it in a competitive market, that terrace with views of Sutro tower is magnificent. It's likewise an excellent offer compared to its previous 2019 price ($ 1.4 M), so it's likely it was deliberately priced below market, the owner never ever indicated to sell it at the asking price.The city simply has so, so many rich individuals, it's hard to understand. I, a complete nobody, know a great deal 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 beautiful city with such a limited inventory. I don't think that residential or commercial property value will considerably drop any time quickly, if ever.You are entitled to your own opinions and venting, but it may be more efficient to simply vote with your feet and leave, if this is too frustrating to handle. reply

tossandthrow 2 hours ago|parent|next -

The housing market in SF is absolutely a sign of .That stated - relatively few participants are needed to price the market. This holds true for housing, stocks (where ETF-holder do not perform prices), etc.You are likewise likely not a no one, not even in SF terms, with $6M liquid (presuming that there are a fair bit of investments on top of that). This would either need some effective speculative financial investments, top-level position in an effective company, inheritance, or effective exits. only inheritance with a long economical lineage would yield a wealthy nobody. reply

megamike 12 hours ago|prev|next -

I remember as a traveler checking out some 25 yrs ago and was shocked by how much a breakfast was at IHOP this was in the Golden Park area and than was more stunned when down the street at a real estate agents office 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 condo 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 going back 40 years, almost 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 considerably more pricey than national average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has actually always been a bit wackadoodle, however I remember 22-23 years ago, rates were high, but 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 in that area.I'm not ready to relocate to Texas, but it is fantastic how easily you can conserve a big quantity of cash simply by opening to other areas that would make you happy.Housing prices do not go down unless terrible thing happen