Meanwhile, better units with more area or an additional bath sit for weeks unsold.Am I missing something? I understand this location is preferable, however $1.5 M for a 1-bath condominium 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 thinking about starting a "Wall of Shame" these kinds of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -
bsky.app
I live in SF, find it a beautiful city but I'm not particularly connected to it, so I rent.The location where that residential or commercial property is situated is actually good, I live nearby. I believe the residential or commercial property is worth that quantity, since someone spent for it in a competitive market, that terrace with views of Sutro tower is incredible. It's also an excellent offer compared to its previous 2019 sale price ($ 1.4 M), so it's likely it was intentionally priced listed below market, the owner never suggested to offer it at the asking price.The city simply has so, a lot of wealthy people, it's tough to understand. I, a complete nobody, know a lot 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 effective in my peer group. It's not unreasonable to drop that much in a lovely city with such a limited stock. I do not believe that residential or commercial property worth will substantially drop whenever soon, if ever.You are entitled to your own opinions and venting, but it might be more efficient to just vote with your feet and leave, if this is too aggravating to handle. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is certainly a sign of concentrated wealth.That said - reasonably few individuals are needed to price the marketplace. This is the case for housing, stocks (where ETF-holder do not perform rates), etc.You are also most likely not a no one, 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 a successful company, inheritance, or successful exits. only inheritance with a long frugal family tree would yield a rich no one. reply

megamike 12 hours ago|prev|next -

I recall as a traveler checking out some 25 years earlier and was stunned by how much a breakfast was at IHOP this remained in the Golden Park location and than was more surprised 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 reading further it was a garage made into some sort of condominium Has SF constantly been goofy 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, almost any location between Bay Area and San Diego that's within 50 miles of the ocean and is not rural 0 has actually been significantly more expensive than nationwide average. 0 unless it has an ocean view reply

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

It has always been a bit wackadoodle, however I keep in mind 22-23 years earlier, costs were high, however 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 about to transfer to Texas, but it is amazing how easily you can conserve a huge quantity of money simply by opening to other areas that would make you happy.Housing prices do not go down unless terrible thing take place