Meanwhile, much better units with more area or an extra bath sit for weeks unsold.Am I missing something? I know this location is desirable, but $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 beginning a "Wall of Shame" documenting these types of sales. Exhibit 1: this one.
pittsburghhousing.com
deanmoriarty 6 hours ago|next -

I live in SF, discover it a gorgeous city however I'm not particularly connected to it, so I rent.The area where that residential or commercial property lies is truly excellent, I live close by. I believe the residential or commercial property deserves that amount, given that somebody paid for it in a competitive market, that terrace with views of Sutro tower is spectacular. It's likewise a bargain compared to its previous 2019 price ($ 1.4 M), so it's most likely it was deliberately priced below market, the owner never ever meant to sell it at the asking price.The city simply has so, a lot of wealthy individuals, it's hard to understand. I, a complete no one, understand a great deal of people 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 gorgeous city with such a scarce stock. I don't think that residential or commercial property worth will considerably drop whenever quickly, if ever.You are entitled to your own opinions and venting, however it might be more productive to simply vote with your feet and leave, if this is too frustrating to handle. reply

tossandthrow 2 hours ago|moms and dad|next -

The housing market in SF is certainly an indication of focused wealth.That stated - fairly couple of individuals are required to price the market. This holds true for housing, stocks (where ETF-holder do not carry out pricing), etc.You are likewise most likely not a no one, not even in SF terms, with $6M liquid (assuming that there are a fair bit of investments on top of that). This would either require some effective speculative investments, top-level position in a successful company, inheritance, or successful exits. only inheritance with a long prudent family tree would yield a rich nobody. reply

megamike 12 hours ago|prev|next -

I recall as a traveler going to some 25 yrs back and was surprised by how much a breakfast was at IHOP this was in the Golden Park area and than was more shocked 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 'system' for 350,000 and checking out further it was a garage made into some sort of apartment Has SF always been goofy overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF always been goofy overpriced?It's not just SF, it's California. Even going back 40 years, nearly 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 costly than nationwide average. 0 unless it has an ocean view reply

Compzilla 11 hours ago|parent|prev|next -

It has constantly been a bit wackadoodle, however I keep in mind 22-23 years ago, prices were high, but within earth's environment. reply

leakycap 8 hours ago|prev|next -

Ask yourself if your lifestyle is improved by the increased cost of living in that area.I'm not ready to transfer to Texas, but it is incredible how quickly you can conserve a substantial quantity of money simply by opening up to other areas that would make you happy.Housing rates don't decrease unless dreadful thing happen