re: San Fran deer stand sells for 1.2 mil

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You can either have a view of your pond in North LA for X dollars that is pretty much always going to be worth X dollars, or you can have a view of the Pacific Ocean for a million two, that'll more than likely be worth a million five in a few years. Which one is really the smart investment?

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Or you can be under water on a $1.2 million mortgage after the next tech/real estate downturn, which could easily happen within the next few years.

deer stand

you hunt ducks out of a blind

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They'll tear it down and build something else.

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It's hilarious that some people think they paid for the structure.

It's a steal, yeah tear that shite down and build something else, profit

I think its a badass house.



Could use some cleaning up but it looks awesome.

2,000 sq ft houses on cracker Jack box lots with Middle East streets go for 700k in Lakeview New Orleans, where there is like 2 restaurants and 3 bars within walking distance How are people surprised that a place in San Fran with ocean views goes for 1.2?

I'd love to have that old range in that kitchen.

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the economics of her home town are this out of balance with the rest of the nation.

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not out of whack for any property near the water, I actually think that's low for SF prices, I bought a house in FL for $500k in '97, sold it 4 years later for $1.6mil and the people representing the new owners called from closing to tell them it was OK to crank up the bulldozers, pretty typical waterfront transaction