Meanwhile, much better units with more space or an extra bath sit for weeks unsold.Am I missing out on something? I know this location is preferable, however $1.5 M for a 1-bath condo with no garage feels 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 thinking about beginning a "Wall of Shame" recording these types of sales. Exhibit 1: this one.

deanmoriarty 6 hours ago|next -
usnews.com
I live in SF, find it a stunning city but I'm not particularly connected to it, so I rent.The area where that residential or commercial property lies is really excellent, I live nearby. I believe the residential or commercial property is worth that quantity, because somebody spent for it in a competitive market, that terrace with views of Sutro tower is magnificent. It's also a great offer compared to its previous 2019 price ($ 1.4 M), so it's likely it was deliberately priced listed below market, the owner never suggested to offer it at the asking price.The city just has so, many rich people, it's challenging to understand. I, a complete no one, 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 scarce stock. I don't believe that residential or commercial property value will considerably drop at any time quickly, if ever.You are entitled to your own viewpoints and venting, however it might be more productive to simply vote with your feet and leave, if this is too aggravating to handle. reply

tossandthrow 2 hours ago|parent|next -

The housing market in SF is definitely a sign of focused wealth.That stated - reasonably few individuals are required to price the marketplace. 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 require some effective speculative investments, high-level position in a successful business, inheritance, or effective exits. only inheritance with a long penny-wise family tree would yield a wealthy no one. reply

megamike 12 hours ago|prev|next -

I remember as a traveler going to some 25 years back and was shocked by just how much a breakfast was at IHOP this was 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 even more it was a garage made into some sort of apartment Has SF constantly been crazy overpriced? reply

PopAlongKid 11 hours ago|parent|next -

> Has SF constantly been wacky overpriced?It's not just SF, it's California. Even returning 40 years, practically 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 costly than national average. 0 unless it has an ocean view reply

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

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

leakycap 8 hours ago|prev|next -

Ask yourself if your lifestyle is enhanced by the increased cost of living because area.I'm not about to relocate to Texas, but it is amazing how quickly you can save a huge amount of money simply by opening up to other places that would make you happy.Housing costs do not go down unless awful thing happen