re: San Fran deer stand sells for 1.2 mil

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.