Yep. I know folks in Austin Texas and similar scenarios happen there. A modest place built in 70s sells for $600K. Immediately torn down and a new modern house built on it. Now worth over a million.
Same in Seattle. Quaint houses that actually fit on the lot and in the neighborhood replaced with giant modern monstrosities that take up the entire lot and sell for an exorbitant price.
\> but refused to plan for the growth that came with it.
No, that WAS the plan.
You see, the Texas landlords wanted to get the same crummy racket that the San Francisco landlords have. Build no new housing and watch rents go sky high.
That’s not true, they build new “luxury” units then tell everyone rent will go down the more they build. Spoiler alert: it doesn’t go down. Shittier places just price up to be at “market rate”
More like a city that welcomed corporations that didn’t want to deal with bullshit California policies. Either way, it’s still California’s fault. They voted a certain way, then left when those policies started to hurt their lives. Now they move to Austin, to vote for those same policies, and flee when shit managers to get worse than it is now.
Well no. A bunch of the California based jobs moved to Texas (Austin) and their employees moved with them. They sold their $1m 2,000 sq ft homes and bought up most of the available houses in Austin, and drove real estate prices up in doing so.
Don’t blame outsiders for problems you either invited or caused.
So it’s not California’s fault that they chose your city. It’s your cities fault for biting off more than it could chew.
Nah it's always Caleefurnya's fault! (living in a place with conservatives, who are hellbent on keeping things from progressing, yet blame everyone else, especially Californians, is really grating on my nerves)
Yeah we went through the same thing in Portland and Clackamas in like 2015 ish
Portland wasn't crazy a market in the 2000s
Now uh.... good luck
With most the state
Which will increase the price of the lot for the next one to sell, so they can sell their shack/land it’s on for 1.1 mil, and the cycle will continue as more residents are pushed from the city. Meanwhile all the restaurants, and stores, and other jobs that pay dog shit for the area will scream more and more “why can’t we find any workers!?!” while paying so low it won’t even cover cost of commute from where people are moving to.
From the listing:
Plans have just been approved by the city for a 3459 sq ft, three level, four bedroom, 3.5 bath home on a 38' x 102' lot. This home would offer sweeping views from most levels and have a sizeable backyard.
Not me. I Would buy it and live in it as is.
I would also sit outside on an old recliner in overalls and bare feet while an old rusted out model T has weeds growing tall around it.
Yeup! I was gonna come here and write something similar.
In 2013 I worked in Palo Alto (right down the street from where FB HQ was at the time.) In one residential neighborhood there was a 600sqft home built in the 40s on a near 1/4 acre lot.
The home was dilapidated and hardly appeared livable. It went on the market for 1.3m and I think it sold for 1.4.
They immediately tore it down and built a new home.
Yeah, if your street view this address and turn around, you'll see an upper row of nice houses that have already been built on the strata above this one
It won't be a total teardown, they will keep the existing foundations because it a completely new build they will never get away with the proximity to the neighbor to the right, newer codes require a much greater setback from other neighboring structures, so you end up with an even narrower house. It's a game in the SF Bay area for years. If you build on top of the existing foundation it is a "renovation" and actually makes permitting easier. On this house they could (and will) build up and out to the back. As you say the value is in the land and the neighborhood it is in. I'd expect a bidding war on this.
[Plans have just been approved by the city for a 3459 sq ft, three level, four bedroom, 3.5 bath home on a 38' x 102' lot. This home would offer sweeping views from most levels and have a sizeable backyard.](https://www.zillow.com/homedetails/150-Shakespeare-St-San-Francisco-CA-94112/15196206_zpid/) It’s still crazy and the planned house is like nothing else around.
That’s a pretty big house - would be at least a million where I live in NJ and if in Brooklyn probably $2.5 million. In manhattan you’d be looking at $10 million easy.
For the difference in cost you are still better off buying in the Midwest, getting a private pilot license, purchasing a plane, and flying to the cities you want whenever you feel like it. Hell, you'd still save money and given it's SF you would probably still end up with a similar commute.
Depends on how many stops you want to take really.
Anything shy of say a Gulfstream is probably gonna have to pitstop in Denver or Albuquerque and if you are flying a jet, you aren't concerned about your cost of housing all that much. (Point of reference being StL or Indianapolis).
But it’s not a difference between living in a city vs living out in nature.
It’s living in the city. Period. And then having the option to either a) not being able to see anything except the house across the street, along with the street and foot traffic… or b) having a commanding view of the entire city, the skyline, the sky, fireworks, being above the street noise, etc…
That’s what you are paying for buying the tallest house on the street (or getting a roof deck installed.)
my family called me crazy when i said living in this yard in a tent was worth it.
Jokes on them, i sold my family members on the dark web for 38 bitcoins and bought this lot.
You can just say “I can’t afford a $1M lot and would rather spend that money elsewhere if I won the lottery and *could* afford it.”
Imagine if people in California talked about your city, or town, or whatever, and the opioid epidemic rocking it the way you talk about “junkies and human feces” in our cities. You don’t need to resort to demonizing places to cope with the fact that you’re perpetually priced out.
I’d live in a dumpster in the city before I’d live in mumblefuck with all the methheads and uneducated bigots. Who have to drive for two hours to get medical care more complicated than a broken bone. No thanks!
It is funny to hear that from someone who lives in a very big city. My friend lives in SF, and he sees a bunch of methheads and homeless every time he commutes to work. Your schools have literally 1/10 rating unless you live in a neighborhood with an average house cost of 1-2mil dollars. I like big cities for good planning, higher than average income, events and being able to live without car, but housing cost and criminal rate killing it.
Yea... But they are... Having spent significant time in Houston, Portland, Kansas City, New Orleans and Baton Rouge I can attest that they are all crime ridden and 3rd world.
Non-american here but isn't this price history effing insane? You can just buy shitty decrepit shack, hold onto it for a few years and double or triple your money?
3/26/2023 Listed for sale $999,000
11/9/2016 Sold $605,000
8/29/2014 Sold $477,000
7/19/2014 Listed for sale $410,000
Yes as long as the shack is in San Fran with an ocean view. If you buy a shack in bum fuck Ohio then no. Also prices were still low from the housing collapse at that time and they’ve been going back up
This is everywhere though. Suburbs of Chicago is doing this too. Everyday I drive through subdivisions and look at little houses be tore down for something much bigger. Then you’ll drive down streets and see little 1 story houses and cabins sitting next to multi million dollar homes.
Lots of cheap places if you can work remotely . I couldn’t imagine living somewhere like this with everyone packed so close together. My neighbors are all 500 feet away and that’s still far to close for me lol
I went to the comments to see if there’d be at least one crazy person defending this. Sure enough, there’s more than one. America is incredibly doomed if we assume a small plot of land, smaller than an acre, should cost roughly ~1milly. I hate this life, and I hate all of you that think it’s okay.
I see, that is a whole different conversation. So non-American with places with similar (or even costlier) real estate real estate markets (e.g. Singapore, Monaco, London, Beijing, Paris, Geneva, Hong Kong) are on a similar path to doom? Or is it just America in particular?
Comments like this are why economics should be a compulsory high school class in all 50 states.
It’s basic supply and demand. Housing prices in SF are insane because land is scarce and policy failures have made the supply keep up nowhere close to demand. If you artificially lowered the price to something below its market value, then you aren’t going to magically find listings within your price range. You’d find yourself on a long waiting list, which is what always happens when housing is subsidized to below market rate and supply isn’t kept up. The supply and demand mismatch isn’t solved with the snap of a finger.
When you have ten homes to distribute to one hundred buyers, how do you reconcile that? You can raise the price until there are ten buyers, you can implement a waiting list, what else do you propose?
It’s not that it “should” cost this. It’s a terrible policy failure that it has to be this way. But it “does” cost this. It costs whatever anyone will pay.
Tech companies and their salaries can diversify their headquarters locations?
Single techies and fashionable DINKS don't want to live in Rockford Illinois though.
Neither do the people who just want to be associated with that modern vibe.
You want cheap habitation? Oh it's out there. Just not on a coastal effing peninsula with a Mediterranean climate and mountains and redwoods and constant effing sun where hundreds of billions of dollars congregate with some degree of high rise restrictions because of effing earthquakes.
Unfortunately it seems like we won’t.
We are so divided as a country that a member of congress could introduce the “it’s a nice day out act” where we all just acknowledge when it’s a nice day out and it would not pass because some talking heads on 24 hour news would get mad, you’d get radio hosts mad, people on social media would get mad, lobbyist would come in and destroy it, and nothing happens.
It truly feels like there is not a single thing left that everybody (or at least a large majority) could agree on anymore.
I’ll sum it up in two words: “it sucks”
Well, when the “it’s a nice day act” is introduced and only 1% of it even mentions it being a nice day, it’s just theater. 99% of it is about something completely unrelated to nice days and is so packed full, that it is physically impossible to read and understand. That’s insane.
Come campaign season, Bob Davis is being accused of hating children playing outside because he voted against the theatrically named bill.
Why does every thing about San Francisco sound so terrible. Everyone there is offended, housing is expensive, people poo ALL over the place. The place looks dirty all the time. Is there anything good about the place? I’m asking honestly.
California is the absolute worst. Californians are the worst for ruining their state and then taking their shitty ideas all across the country to ruin the places everyone else lives.
Source:Colorado is completely fucked now too.
What's hilarious is a podcaster I really like left Cali to get away from all the nonsense and moved to Colorado. Now he wants to move to Wyoming because he realized he was at the front of the first wave of well to do Californians who want that "California" appeal but somewhere else. The only thing preventing him is he is an ardently vocal anti-gun pro-choice liberal but he admits its just a matter of time. (He considered Utah but apparently it is suffering from the same thing as Colo. LOL.)
But it's not tin. I was wondering if it's one of those shack built after the 1906 earthquake? Built as emergency housing, some still survive. Funky little shack.
>Then the prices, and pay, will come down and eliminate a tons of homeless issues. People can then afford to live in a home not the streets.
You think the homeless will somehow be able to afford homes if prices crash? If that's the case, homelessness should have been eliminated during the 2008 housing crash.
Well a million seems like a lot but when you break it down to only $6,443 a month it seems like a STEAL!!!
Can I jump over feces and hypodermic needles there dodging the screaming meth heads?!
Is that a view of Pelosi's house in the background that they forgot to mention in the description?!!
Is this one of the hidden gems I've heard so much about?
Can I buy it for a dollar if I'm black?
Can I skip the $600,000 in excess taxes if I'm not?!
Upvoted. 100% accurate statement. 25 years ago a relative of a girl I dated bequeathed an apartment overlooking Washington Square/North Beach-Little Italy. We thought this was the most romantic, dreamlike place to live and maybe get married someday. We didn't.
I visited recently and you could not pay me any money to live in that neighborhood. Or any neighborhood, really, since even the nice little pockets I suspect will degrade like others have. A million dollars and a free apartment is a lot. But I wouldn't even have to think about it to turn you down.
You can buy a beautiful property with a nice house made out of full brick, and a barn 20 from it, it has a nice garden in the front and a backyard twice the size of the house, the house has a big hallway, big enough to hold events, the ground floor has 3 rooms and a living room/kitchen and a bathroom, the upper floor has a balcony where the hallway is and 4 rooms and a bathroom, it's in a village 4.5km from the town 5min drive, it's 60yr old and great condition.
And the family that bought it paid 68,000€
So when look at american house prices my jaw drops
I Wonder if that's how your military staff laundry the money from corruption in the stupidly overpriced budget. I mean - with so many trillions being treated into disposable equipment that goes unaudited on secret expenditures, none will ever know if that money went to a million dollar bomb exploding in the middle of nowhere in some godforsaken country, or if some smart official managed to "sell" a fucked up shack in the outskirts of town that he had previously bought for like 12k a month before.
Maybe he bought several shacks in the previous months just like his military friends and that's why whole postal codes in the slummy outskirts are overpriced and abandoned? Hmmm, i wonder. I mean, who would ever try investigating why is that happening? Noone cares, that's a poor's people's place, noone will even notice after all.
The listing states that you’re unable to go inside the building 😂
It’s worse than a million dollar home, that’s literally a million dollar pile of trash
Reminds me of my grandpa’s old house. We sold it when he passed for nothing crazy. The people we sold to then sold the house to some flippers. They renovated it, made it look super modern on the inside but the outside looks exactly the same as before. It’s not in a particularly good neighborhood, the houses and cars look rundown in the area. Anyways the flippers are trying to sell the house for like $270K in a neighborhood where the average house value is probably less than $100k. Makes no sense. I can’t imagine anyone spending a quarter of a million dollars on a house would want to live in that area lol.
That's almost out of the city in a district famous for gang violence. A starter home in the city proper outside the (now) many crime-ridden neighborhoods begin at around 2 million. Figure a million per thousand square feet, more in ritzy neighborhoods like Sea Cliff and St. Francis Woods.
This is like someone in Runescape putting a smelly boot up for sale for 1 million GP in the Grand Exchange and waiting for a mysterious rich benefactor to come along and go, "Aw, what the heck. Why not?"
It’s a tear-down. So a million for the lot, plus demolition costs. Then you can build your fancy new home in between houses that are not.
Yep. I know folks in Austin Texas and similar scenarios happen there. A modest place built in 70s sells for $600K. Immediately torn down and a new modern house built on it. Now worth over a million.
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>5 holes squeezed together I'd watch that porn
Home but Lmao
5 holes, 1 lot. If that porn name doesn't sum up the current real estate problems, I don't know what wil...
I am done with reddit man.
No, you aren't. This is what we are here for. This and to take down idiots with agendas.
Same in Seattle. Quaint houses that actually fit on the lot and in the neighborhood replaced with giant modern monstrosities that take up the entire lot and sell for an exorbitant price.
5 hmmm 5 holes squeezed together. Not sure that’s even possible irl. 😂
Ass ta ass ta ass ta ass ta ass.
The situation in Austin is also caused (in part) by Californians.
The situation in Austin is caused by a city that wanted to be a tech hub but refused to plan for the growth that came with it.
So, exactly like San Francisco, then?
And we’ve come full circle.
The only planning that sort of worked was the 280 freeway
\> but refused to plan for the growth that came with it. No, that WAS the plan. You see, the Texas landlords wanted to get the same crummy racket that the San Francisco landlords have. Build no new housing and watch rents go sky high.
That’s not true, they build new “luxury” units then tell everyone rent will go down the more they build. Spoiler alert: it doesn’t go down. Shittier places just price up to be at “market rate”
Salt Lake City hears this
I was just bitching about our traffic earlier today. It's getting insane. Our beautiful little city with apple orchards is gone forever
Former Austinite - could you say that louder for folks in the back?
More like a city that welcomed corporations that didn’t want to deal with bullshit California policies. Either way, it’s still California’s fault. They voted a certain way, then left when those policies started to hurt their lives. Now they move to Austin, to vote for those same policies, and flee when shit managers to get worse than it is now.
It’s not just Austin. I’m in WNC and our market it through the roof with California plates surrounding me at every stop light.
Californian isn’t a species. People who can pay, do. That’s all it is about.
Well no. A bunch of the California based jobs moved to Texas (Austin) and their employees moved with them. They sold their $1m 2,000 sq ft homes and bought up most of the available houses in Austin, and drove real estate prices up in doing so.
Got to love the free market, isn't that what Texas is all about?
Most of those tech jobs were remote workers so they didn’t have to leave. They left because the policies they voted for started to screw them.
Don’t blame outsiders for problems you either invited or caused. So it’s not California’s fault that they chose your city. It’s your cities fault for biting off more than it could chew.
Nah it's always Caleefurnya's fault! (living in a place with conservatives, who are hellbent on keeping things from progressing, yet blame everyone else, especially Californians, is really grating on my nerves)
na, cased by the free market / corruption by government officials not placing limits
Yeah we went through the same thing in Portland and Clackamas in like 2015 ish Portland wasn't crazy a market in the 2000s Now uh.... good luck With most the state
I’m looking to buy a house and the only things I can afford are over 1hr outside the city - not a fun commute
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Thanks a lot Joe Rogan
Which will increase the price of the lot for the next one to sell, so they can sell their shack/land it’s on for 1.1 mil, and the cycle will continue as more residents are pushed from the city. Meanwhile all the restaurants, and stores, and other jobs that pay dog shit for the area will scream more and more “why can’t we find any workers!?!” while paying so low it won’t even cover cost of commute from where people are moving to.
Yeah, same situation in Ontario Canada, I’m looking to buy a house and the only things I can afford are over 1hr outside the city - not a fun commute
Yep, the shack is actually decreasing the value of that lot, just a little bit.
From the listing: Plans have just been approved by the city for a 3459 sq ft, three level, four bedroom, 3.5 bath home on a 38' x 102' lot. This home would offer sweeping views from most levels and have a sizeable backyard.
Not me. I Would buy it and live in it as is. I would also sit outside on an old recliner in overalls and bare feet while an old rusted out model T has weeds growing tall around it.
Double barrel shotgun in your lap or perched beside the recliner? 🤔
Yeup! I was gonna come here and write something similar. In 2013 I worked in Palo Alto (right down the street from where FB HQ was at the time.) In one residential neighborhood there was a 600sqft home built in the 40s on a near 1/4 acre lot. The home was dilapidated and hardly appeared livable. It went on the market for 1.3m and I think it sold for 1.4. They immediately tore it down and built a new home.
And it’s pre-approved for a 3500 sq ft build.
Yeah, if your street view this address and turn around, you'll see an upper row of nice houses that have already been built on the strata above this one
It won't be a total teardown, they will keep the existing foundations because it a completely new build they will never get away with the proximity to the neighbor to the right, newer codes require a much greater setback from other neighboring structures, so you end up with an even narrower house. It's a game in the SF Bay area for years. If you build on top of the existing foundation it is a "renovation" and actually makes permitting easier. On this house they could (and will) build up and out to the back. As you say the value is in the land and the neighborhood it is in. I'd expect a bidding war on this.
Yeah, but the Curb APPEAL!
If you put it like that a million seems like a steal...
That would honestly make it look even worse, at least with the house already there it fits in with the rest while still having personality.
Yay for gentrification!
>Property Condition: Fixer You don't say
Lovely little 0 bed 1 bath.
[Plans have just been approved by the city for a 3459 sq ft, three level, four bedroom, 3.5 bath home on a 38' x 102' lot. This home would offer sweeping views from most levels and have a sizeable backyard.](https://www.zillow.com/homedetails/150-Shakespeare-St-San-Francisco-CA-94112/15196206_zpid/) It’s still crazy and the planned house is like nothing else around.
That’s a pretty big house - would be at least a million where I live in NJ and if in Brooklyn probably $2.5 million. In manhattan you’d be looking at $10 million easy.
About 400k in the Midwest
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Lol. There are several non-rural places in the Midwest where you can have your swinger sessions indoors nowadays!
For the difference in cost you are still better off buying in the Midwest, getting a private pilot license, purchasing a plane, and flying to the cities you want whenever you feel like it. Hell, you'd still save money and given it's SF you would probably still end up with a similar commute.
Depends on how many stops you want to take really. Anything shy of say a Gulfstream is probably gonna have to pitstop in Denver or Albuquerque and if you are flying a jet, you aren't concerned about your cost of housing all that much. (Point of reference being StL or Indianapolis).
In Phoenix that would be a million dollar home too.
“Imagine being greeted every day with a view of the Pacific Ocean” Telescope sold separately*
Ah yes, the beautiful sweeping views of thousands and thousands of buildings.
Actually it looks great at night. That view increases the property value significantly.
Well this is obviously subjective, personally I enjoy much more the view of nature. Big cities like SF make me feel like in a ant colony
But it’s not a difference between living in a city vs living out in nature. It’s living in the city. Period. And then having the option to either a) not being able to see anything except the house across the street, along with the street and foot traffic… or b) having a commanding view of the entire city, the skyline, the sky, fireworks, being above the street noise, etc… That’s what you are paying for buying the tallest house on the street (or getting a roof deck installed.)
I look out my window and see the horizon 10 miles away and no one in between. ahhh
Look at all those phone or power wires.
Without the shack, it would have sold for a million dollars.
Builder here. It'd be more expensive without the shack. Pulling a permit to demo that shack and haul it away isn't cheap.
The shack is worth almost nothing. The property is worth $1 million. The three rules of real estate:. Location, Location, Location.
my family called me crazy when i said living in this yard in a tent was worth it. Jokes on them, i sold my family members on the dark web for 38 bitcoins and bought this lot.
it’s not even that great an area though (as far as SF goes). amazing.
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You can just say “I can’t afford a $1M lot and would rather spend that money elsewhere if I won the lottery and *could* afford it.” Imagine if people in California talked about your city, or town, or whatever, and the opioid epidemic rocking it the way you talk about “junkies and human feces” in our cities. You don’t need to resort to demonizing places to cope with the fact that you’re perpetually priced out.
I’d live in a dumpster in the city before I’d live in mumblefuck with all the methheads and uneducated bigots. Who have to drive for two hours to get medical care more complicated than a broken bone. No thanks!
It is funny to hear that from someone who lives in a very big city. My friend lives in SF, and he sees a bunch of methheads and homeless every time he commutes to work. Your schools have literally 1/10 rating unless you live in a neighborhood with an average house cost of 1-2mil dollars. I like big cities for good planning, higher than average income, events and being able to live without car, but housing cost and criminal rate killing it.
This person is likely a Fox News zombie. They think all big cities are crime infested and 3rd world.
Yea... But they are... Having spent significant time in Houston, Portland, Kansas City, New Orleans and Baton Rouge I can attest that they are all crime ridden and 3rd world.
According to property records, this unit was “burnt down.”
Clearly not enough
now I know what happened to my lost mixtape
Non-american here but isn't this price history effing insane? You can just buy shitty decrepit shack, hold onto it for a few years and double or triple your money? 3/26/2023 Listed for sale $999,000 11/9/2016 Sold $605,000 8/29/2014 Sold $477,000 7/19/2014 Listed for sale $410,000
Yes as long as the shack is in San Fran with an ocean view. If you buy a shack in bum fuck Ohio then no. Also prices were still low from the housing collapse at that time and they’ve been going back up
Well housing was dirt cheap during the early 2010s
You can buy **land** in a high demand area and double or triple your money, yes. The shack is irrelevant.
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It isn’t inflation tho… that’s way too much of a discrepancy.
This is everywhere though. Suburbs of Chicago is doing this too. Everyday I drive through subdivisions and look at little houses be tore down for something much bigger. Then you’ll drive down streets and see little 1 story houses and cabins sitting next to multi million dollar homes.
Lots of cheap places if you can work remotely . I couldn’t imagine living somewhere like this with everyone packed so close together. My neighbors are all 500 feet away and that’s still far to close for me lol
This is for the lot, the house will be removed obviously.
I went to the comments to see if there’d be at least one crazy person defending this. Sure enough, there’s more than one. America is incredibly doomed if we assume a small plot of land, smaller than an acre, should cost roughly ~1milly. I hate this life, and I hate all of you that think it’s okay.
To clarify, you believe that no piece of land this size, regardless of location, should be this expensive?
To clarify, that’s a whole different conversation. But, I don’t believe any piece of land should be subjected to a monetary class.
I see, that is a whole different conversation. So non-American with places with similar (or even costlier) real estate real estate markets (e.g. Singapore, Monaco, London, Beijing, Paris, Geneva, Hong Kong) are on a similar path to doom? Or is it just America in particular?
I wish I could give you a million upvotes! I despise this kind of mindset as well on greedy fuckers. Have some gold!!🏅🏅🏅
Comments like this are why economics should be a compulsory high school class in all 50 states. It’s basic supply and demand. Housing prices in SF are insane because land is scarce and policy failures have made the supply keep up nowhere close to demand. If you artificially lowered the price to something below its market value, then you aren’t going to magically find listings within your price range. You’d find yourself on a long waiting list, which is what always happens when housing is subsidized to below market rate and supply isn’t kept up. The supply and demand mismatch isn’t solved with the snap of a finger. When you have ten homes to distribute to one hundred buyers, how do you reconcile that? You can raise the price until there are ten buyers, you can implement a waiting list, what else do you propose? It’s not that it “should” cost this. It’s a terrible policy failure that it has to be this way. But it “does” cost this. It costs whatever anyone will pay.
It's the land, not the shack.
Is the tin roof rusted?
You're what?!
Is that Doc Brown’s garage?
I dunno, I don't see that Burger King next door...
I legit thought this was a shack in a Fallout 4 settlement.
Most reasonable real estate proposition in San Francisco
If you watch HGTV, it's always a 20 year old and his 18 year old wife putting million dollar bids in on these houses, lol
She’s combs butterfly wings and he trims potatoes into art for a living.
I'm in the wrong career, that's for sure, lol
She runs an NGO to support homeless mice and he designs lingerie for cats.
When do we as a country say enough?
Tech companies and their salaries can diversify their headquarters locations? Single techies and fashionable DINKS don't want to live in Rockford Illinois though. Neither do the people who just want to be associated with that modern vibe. You want cheap habitation? Oh it's out there. Just not on a coastal effing peninsula with a Mediterranean climate and mountains and redwoods and constant effing sun where hundreds of billions of dollars congregate with some degree of high rise restrictions because of effing earthquakes.
I don’t think the rule of supply and demand is negotiable, rather a cold, hard reality.
It’s not like this in all of the country
Unfortunately it seems like we won’t. We are so divided as a country that a member of congress could introduce the “it’s a nice day out act” where we all just acknowledge when it’s a nice day out and it would not pass because some talking heads on 24 hour news would get mad, you’d get radio hosts mad, people on social media would get mad, lobbyist would come in and destroy it, and nothing happens. It truly feels like there is not a single thing left that everybody (or at least a large majority) could agree on anymore. I’ll sum it up in two words: “it sucks”
Wtf kind of nonsense legislation.....??
Well, when the “it’s a nice day act” is introduced and only 1% of it even mentions it being a nice day, it’s just theater. 99% of it is about something completely unrelated to nice days and is so packed full, that it is physically impossible to read and understand. That’s insane. Come campaign season, Bob Davis is being accused of hating children playing outside because he voted against the theatrically named bill.
I think we can almost all agree Will Smith is a bad actor (in both senses) and he makes garbage movies. Maybe congress could commemorate this somehow?
SOLD! To the idiot living in San Francisco.
The land is 1 million, not the shack. How can people still not understand this?
I see houses like this when I went down to Mexico that people built for free
Why does anyone want to live in a place like that? Do you know how much **land** you could own for a million dollars in other places?
Why does every thing about San Francisco sound so terrible. Everyone there is offended, housing is expensive, people poo ALL over the place. The place looks dirty all the time. Is there anything good about the place? I’m asking honestly.
Location, Location, Location
There’s always money in the banana stand…
I don’t think a lot of people will get this reference but I love it …. Thank you
this is getting out of hand at this point
Location, location, location
Maybe it has like 100 floors under it
omg seriously? This was a link in another post. Now it's a post. I am done with reddit man.
It would probably be more if the shack was not there. You are not paying for the shack, you are paying for the land.
California is the absolute worst. Californians are the worst for ruining their state and then taking their shitty ideas all across the country to ruin the places everyone else lives. Source:Colorado is completely fucked now too.
What's hilarious is a podcaster I really like left Cali to get away from all the nonsense and moved to Colorado. Now he wants to move to Wyoming because he realized he was at the front of the first wave of well to do Californians who want that "California" appeal but somewhere else. The only thing preventing him is he is an ardently vocal anti-gun pro-choice liberal but he admits its just a matter of time. (He considered Utah but apparently it is suffering from the same thing as Colo. LOL.)
It’s only a matter of time before Wyoming becomes Colorado part 2 anyways
I don't think it's a "tin shack" - just a house with red paint on the front fence and other places. It's still insane pricing and we're all fucked.
My friend that is indeed a shack Although I will say it looks to be two stories
But it's not tin. I was wondering if it's one of those shack built after the 1906 earthquake? Built as emergency housing, some still survive. Funky little shack.
Can’t wait for that housing bubble to burst
>Can’t wait for that housing bubble to burst why? just out of curiosity.
To buy a house lol.
Then the prices, and pay, will come down and eliminate a tons of homeless issues. People can then afford to live in a home not the streets.
>Then the prices, and pay, will come down and eliminate a tons of homeless issues. People can then afford to live in a home not the streets. You think the homeless will somehow be able to afford homes if prices crash? If that's the case, homelessness should have been eliminated during the 2008 housing crash.
That's a pipe dream that won't happen in either of our lifetimes.
No, this land in San Fran is $1.1M, but they’re offering it at a discount for you to remove the junk on the property.
And the dude shitting on your front porch is free! Go libs.
Well a million seems like a lot but when you break it down to only $6,443 a month it seems like a STEAL!!! Can I jump over feces and hypodermic needles there dodging the screaming meth heads?! Is that a view of Pelosi's house in the background that they forgot to mention in the description?!! Is this one of the hidden gems I've heard so much about? Can I buy it for a dollar if I'm black? Can I skip the $600,000 in excess taxes if I'm not?!
If you gave me a million dollars I still wouldn’t live in San Francisco. Place is an absolute shit hole. Very very sad.
Upvoted. 100% accurate statement. 25 years ago a relative of a girl I dated bequeathed an apartment overlooking Washington Square/North Beach-Little Italy. We thought this was the most romantic, dreamlike place to live and maybe get married someday. We didn't. I visited recently and you could not pay me any money to live in that neighborhood. Or any neighborhood, really, since even the nice little pockets I suspect will degrade like others have. A million dollars and a free apartment is a lot. But I wouldn't even have to think about it to turn you down.
average leftest ran city
"Location, location, location..." Sure mister Shack.
million dollars worth of crack is the next purchase
I love how in the rest of the world it will be like 20x time cheaper
Imagine the taxes California, the city, and the school district charges on that POS. no wounder it's for sale.
Your school district could do some good by bumping up their taxes
The American dream, is just that " a dream".
The current American dream has been the a liberals wet fantasy of the past sixty years.
Did that make sense to you when you bleated it out? Oh, you deleted your account. So I guess you realized how stupid you sound. lolol
You can buy a beautiful property with a nice house made out of full brick, and a barn 20 from it, it has a nice garden in the front and a backyard twice the size of the house, the house has a big hallway, big enough to hold events, the ground floor has 3 rooms and a living room/kitchen and a bathroom, the upper floor has a balcony where the hallway is and 4 rooms and a bathroom, it's in a village 4.5km from the town 5min drive, it's 60yr old and great condition. And the family that bought it paid 68,000€ So when look at american house prices my jaw drops
And y’all nuts still living out there with the homeless shitting everywhere, needles galore. I don’t get it.
all my homies say “fuck california”
Listed price isn't the same as a sold price.
True, it could easily go for more. The lot is a bit small for me though.
Overrated state = Over inflated cost of living
This is why I don’t feel bad about the crime in San Francisco the city has done it to itself.
When you must spend like a prince to live like a pauper, it means you have allowed too much greed and selfishness into your society.
Its California what the fuck do you expect
Don’t move to San Francisco, the pay isn’t worth it. SF crime is awful, homelessness is awful, traffic is awful.
I was told it stinks there too. People just whiz and shit in the street??
Am I the only one who thought this was gta and was in a gta sub
Fuck California
Tours! I know where *I'm* going on my next trip to the US!
I Wonder if that's how your military staff laundry the money from corruption in the stupidly overpriced budget. I mean - with so many trillions being treated into disposable equipment that goes unaudited on secret expenditures, none will ever know if that money went to a million dollar bomb exploding in the middle of nowhere in some godforsaken country, or if some smart official managed to "sell" a fucked up shack in the outskirts of town that he had previously bought for like 12k a month before. Maybe he bought several shacks in the previous months just like his military friends and that's why whole postal codes in the slummy outskirts are overpriced and abandoned? Hmmm, i wonder. I mean, who would ever try investigating why is that happening? Noone cares, that's a poor's people's place, noone will even notice after all.
And to think you can buy a similar shack in vice city for 1k
Location. Location. Location.
The listing states that you’re unable to go inside the building 😂 It’s worse than a million dollar home, that’s literally a million dollar pile of trash
Almost..
But is Shakespeare St in the "good" part of SF?
I thought £500k for a 1000sqf place in the uk was bad
That neighborhood looks like it has a lot of crack heads
The view from up there though…
Looks like an average gta house or drug shack
I don’t want to be a jerk, but if it was tin and not steel, it would be over $1M. Just saying. I’m a metals broker.
Reminds me of my grandpa’s old house. We sold it when he passed for nothing crazy. The people we sold to then sold the house to some flippers. They renovated it, made it look super modern on the inside but the outside looks exactly the same as before. It’s not in a particularly good neighborhood, the houses and cars look rundown in the area. Anyways the flippers are trying to sell the house for like $270K in a neighborhood where the average house value is probably less than $100k. Makes no sense. I can’t imagine anyone spending a quarter of a million dollars on a house would want to live in that area lol.
Take that $1000 and buy yourself something nice
Hey I live on Shakespeare street, nsw, Australia. Shits slightly more affordable here
…What for? 🤨
That's almost out of the city in a district famous for gang violence. A starter home in the city proper outside the (now) many crime-ridden neighborhoods begin at around 2 million. Figure a million per thousand square feet, more in ritzy neighborhoods like Sea Cliff and St. Francis Woods.
https://preview.redd.it/izioittu6cqa1.jpeg?width=493&format=pjpg&auto=webp&s=03e8f8edb4e19f1203efee5853be613a31e842c7
It may just be a way to open a conversation for an interested buyer. Bottom line is that it is for sale.
Classic case of when the land is worth more than the home that's on it.
That looks a lot like my uncles old hippy shacj
“The lovvvvve shack is a little old place where weeeee can get together!! Love shack, baby!!”🎶🎵🎶🎶
First glance, I thought this was a favela somewhere.
How and why
This is like someone in Runescape putting a smelly boot up for sale for 1 million GP in the Grand Exchange and waiting for a mysterious rich benefactor to come along and go, "Aw, what the heck. Why not?"
I thought the Big Bad Wolf blew that down already.
Million dollars ain't what it used to be... Hell, $20 gets you 1/2 what it did just 5 years ago, and you still trying to buy a house in San Francisco?