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Started By
Message
San Fran deer stand sells for 1.2 mil
Posted on 3/27/15 at 10:33 pm
Posted on 3/27/15 at 10:33 pm
16
Posted on 3/27/15 at 10:35 pm to atchafalaya
frick that place
Posted on 3/27/15 at 10:38 pm to atchafalaya
And I thought prices in Nola were OOC
Posted on 3/27/15 at 10:43 pm to atchafalaya
It sold for $935,000 in 2008. It has an ocean and beach view (nothing is on the water side of the road/highway along there). I know 1.21 million is a shitload of money, but San Francisco isn't getting any bigger. If you want to own a home there, you are going to have to pay for it.
Posted on 3/27/15 at 10:45 pm to atchafalaya
I honestly see tons of potential to make that place really nice, but yeah, that's insane money.
Posted on 3/27/15 at 10:46 pm to atchafalaya
I'd buy.
Posted on 3/27/15 at 10:48 pm to atchafalaya
quote:
None of that mattered to the buyers, who saw potential in the ocean views and paid $1.21 million in all cash.
What? If the place has ocean views, why weren't they shown in the article? Or was the ocean pictured, just as a small dot on the horizon?
Posted on 3/27/15 at 10:51 pm to White Roach
The overbidding thing is crazy, but it's not a new phenomenon. My sister and BIL bought a house in SF in 2000. I think it was listed at $550,000 and they paid around $800,000 for it. My BIL told me that their overbid (~250,000) was almost what his brother's 5 bedroom house in Raliegh, NC cost. It's crazy, but it's what the market demands.
Posted on 3/27/15 at 10:52 pm to atchafalaya
quote:
San Fran property sells for 1.2 mil
Posted on 3/27/15 at 10:53 pm to THRILLHO
The ocean is across Great Highway from that pic. (I think. I don't actually know that house, but I assume...)
Posted on 3/27/15 at 11:13 pm to atchafalaya
over 20 years ago I saw a very mediocre mobile home in steamboat springs, CO sell for a little over $300,000...so nothing suprises me when Californians are involved....
Posted on 3/27/15 at 11:15 pm to atchafalaya
Supply and demand. Supply is constrained by lots of things, including geography. Demand is absolutely through the roof. It's insane the amount of money that is in the SF bay area.
This post was edited on 3/27/15 at 11:17 pm
Posted on 3/27/15 at 11:27 pm to Asgard Device
I would like to move to bay area. Who on here lives there now?
That deer blind is sold but i can find something else for sure.
That deer blind is sold but i can find something else for sure.
Posted on 3/27/15 at 11:41 pm to atchafalaya
Small world: I drove by that place last week when I was in SF. I imagine a buyer would just tear it down and rebuild. What's more, I imagine the buyer will be a rich Chinese--there are plenty of them in mainland China and they come to SF and L.A. to buy places like this. They buy, rehab, then flip.
Last year, a millionaire Chinese capitalist (!) from Shanghai bought my parents' home in L.A. It'll be back on the market this year for a couple hundred thou more than he paid for it.
Whoever buys the SF property better like fog though. The Outer Sunset gets it–daily.
Last year, a millionaire Chinese capitalist (!) from Shanghai bought my parents' home in L.A. It'll be back on the market this year for a couple hundred thou more than he paid for it.
Whoever buys the SF property better like fog though. The Outer Sunset gets it–daily.
Posted on 3/27/15 at 11:59 pm to atchafalaya
quote:
I would like to move to bay area. Who on here lives there now?
That deer blind is sold but i can find something else for sure.
Bay Area is a pretty big place, brah. Not only in geography, but in demographics. What do you want? You want a big house with land around you? You want a small apartment in the middle of hustle and bustle? You want ocean? you want mountains? You want hot? You want cool?
If you are an OT baller, get a place either in SF or in Los Gatos mountains. If you want to stretch your money, go East Bay or North Bay or Fremont. If you want to smell garlic 24 hours a day, live in Gilroy
Posted on 3/28/15 at 12:15 am to atchafalaya
Wow
Posted on 3/28/15 at 12:37 am to Thurber
This world is so amazing, 1.2 million and this is what you end up with in a big city!
Posted on 3/28/15 at 12:50 am to mailman
It seems like a ripoff, but in a few years it will sell for a couple hundred grand more
Posted on 3/28/15 at 1:00 am to WaltTeevens
If you like the smell of garlic, you don't have to move to all the way Gilroy. Just get seats along the 1st base line in right field at a Giants game!
Posted on 3/28/15 at 1:06 am to mailman
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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