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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52716114 No.52716114 [Reply] [Original]

San Francisco sisters were in freefall

>> No.52716120

>>52716114
CRASH AND BURN HOME FAGS!

>> No.52716158

>>52716120
crypto is still a scam.
real estate in downtown San Fransisco was way overpriced. still is in many cases.

>> No.52716206

>>52716114
I wouldn't on principle because HOA and fees n sheeit, but, that's a nice building and layout.

>> No.52716217

>>52716114
San Francisco is an exceptional case and not really representative of the rest of the US. Most localities don’t institute public policy that intentionally drives down the cost of real estate like San Francisco. I don’t see these massive price drops in my area

>> No.52716223

>>52716206
You’ll also have to pay the hobos to not shit, sleep, and shoot heroin in the lobby of your building

>> No.52716231

>>52716206
>HOA and fees
It's usually less than maintaining a house. If you're single and lazy, i don't think condos are bad, though i'd imagine most would want a house eventually

>> No.52716233
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52716233

Price history of a 1 bedroom mobile home in my area

>> No.52716243

San Francisco peaked in the early 2000s. It was completely downhill from there

>> No.52716252

>>52716233
>just live with alcoholics instead of drug addicts bro

>> No.52716256

>>52716243
the early 2000s isn't the 50s

>> No.52716269

>>52716252
Yeah that wasn’t my point you retard. My point was that if you don’t own a home your coping by posting San Francisco’s housing market

>> No.52716279
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52716279

>>52716223
That's what the HOA is for.
High ceilings, 20's building (originally a Cadillac dealership), loft-style conversion - just like the style. Picrel is another, same building.
>>52716231
'bout $1000 p/m for that, apparently.

>> No.52716292

Have sex loser
I just sold my house in sf for 2 mil over last sale price

>> No.52716299

>>52716279
Does HOA have the legal authority to arrest the crazed drug addicts from throwing their shit at you?

>> No.52716329

>>52716299
For a $1000 per month, I expect a concierge with a shit umbrella to escort me to my car every morning. In fact, I demand it. The street bums are probably entertaining, when you get to know em all

>> No.52716347
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52716347

>>52716292
>Have sex loser
>I just sold my house in sf for 2 mil over last sale price

>> No.52716363

>>52716158
For retail? Yes.
For exchanges/protocols? No.
>Thanks for playing.

>> No.52716487

>>52716279
>'bout $1000 p/m for that, apparently
yeah, i wouldn't pay more than $500 MAX lmao

>> No.52716489

>>52715982
Sharpie in butt thread not joking

>> No.52716514

>>52716114
Actually a lot cheaper now though, I bet it was hard as fuck for the average person to get 700k back then.

>> No.52716582
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52716582

>>52716514
the median income 25 years ago was still pretty high here. Housing just cost a lot less. 700k in 1999 was not crazy money. But you could have gotten way more for your money. Case in point.

>> No.52716651

>>52716582
It's amazing to think it was built several years ago

>> No.52716670

>>52716651
>It's amazing to think it was built several years ago
what?

>> No.52716690

>>52716670
>what?
I am of course mocking the lack of medieval structures in the US so anything that's basically not brick effect vinyl siding commands a 10 million dollar price, but I can see that was too highbrow for you.

>> No.52716695

>>52716114
>An Apartment below $1M in San Francisco
The bubble is truly popping.

>> No.52716702

>>52716582
True. Could have bought the grateful dead house for that money back then.

>> No.52716704

>>52716582
Listed for sale isn’t the same as sold, there isn’t a snowballs chance in hell he’s getting 15mil for that house lol

>> No.52716727

>>52716702
Probably worth 5 times that once you'd exterminated all the hippies tho.

>> No.52716733
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52716733

>>52716690
>anything that's basically not brick effect vinyl siding commands a 10 million dollar price
not true in the slightest
>>52716695
sold for 1.6 mil in 2014
>>52716704
they could have gotten something close to that a year ago.
Now I'm not so sure.

>> No.52716948
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52716948

>>52716733
Did you check out the rest photos of that? All the charm and architectural detailing of the arse side of a McDs drive-thru.

>> No.52717153

>>52716948
jesus fucking hell what the hell is that corner? i could kick it a couple times and bricks would be flying. and yeah this looks like backside of some shitty McDs like you said

>> No.52717178

>boomer parents called me an idiot when I undercut the market and sold my house for 100k cheaper last year
At least it sold. They are trying to sell their house and have no buyers. Im a rent chad now with lots of cash. Feels fucking good.

>> No.52717259
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52717259

>>52716158
Crypto is only scam for those who invested more than they could afford to lose kek.
I use crypto now in real estate with realsmart estate, atlanta homes and spain homes. These are the only ones I've discovered so far. i'm yet to see real estate + crypto in the US.

>> No.52717311

>>52716948
>>52717153
cope seethe dilate

>> No.52717479

>>52716727
They are what makes shut fun lmfao. Real hippies that have a heart of gold, not these modern day work junkies.

>> No.52717484

>>52717479
Wook junkies* and yes, it takes one to know one, I am a Wook yes.

>> No.52717519

>>52717178
Congrats. Make sure you invest the money wisely or get in near the bottom of the real estate cycle.

>> No.52717946

>>52716158
real estate is the real scam you moron. nothing is worth anything in this world it is all just speculation. the only reason real estate was so high in the first place was because boomer normies who had no idea how to invest into stocks sunk all their money into property while they built up their 'career'. Copying that formula of our parents now is simply not enough anymore. Something is going to have to give. people are already smart and looking for alternative options for investing their cash thats why the dxy has dropped. And its not stocks or commodities they are looking at.

>> No.52718288

>>52716114
What was it like in 1999, though? It might have been an old warehouse with smashed windows and rats running around

>> No.52718376

>>52716114
looks like commercial, which is getting destroyed everywhere, not just san fran.

>> No.52718423

>>52717178
Keep in mind that housing moves in slowmo compared to stocks. When stocks have bottomed it usually takes another two years for housing to bottom. So ride the stock recovery and then go to a few foreclosure auctions to get a super discount

>> No.52719125

>>52716114
Oh mumuuuuuu sweatie, are you ready to party like it's 1999?
https://www.youtube.com/watch?v=rblt2EtFfC4
>>52716948
Looks like a repurposed monastery

>> No.52719138

>>52717178
Welcome to the club of renting with lots of cash and stable income, it's unbelievably comfy.

>> No.52719188

>>52718423
How do you actually get into those auctions? I've looked but it seems all hyper lowkey

>> No.52719199

>>52717946
you're an idiot

>> No.52719206

>>52719188
Also interested in this. Do you really just blindly bid on a house and hope it isnt built on a crumbling foundation? What options for are available in this process so I can ensure Im not burning cash on a giant turd?

>> No.52719552

>>52716114
It’s an auction. Simple check. Your a POS. Will not sell for 995. KYS

>> No.52719566

>>52716733
Your full of shit. Look at the listing. It’s an auction. Op is full of shit

>> No.52719643

>>52716233
>listed
That means nothing. I can list my home for a trillion.

>> No.52719948
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52719948

Thanks Calisisters. I hadn't checked Zillow in the past month and now see a ton of homes in my price range. I'm going to be a homeowner next year, horray!

>> No.52721579

>>52719206
Yup. There's usually a list of the auction properties put out by your local municipality prior to the auction, so if you're doing your due diligence you can at least do a drive-by on the properties you're interested in. Also, don't forget your giant stack of cashiers checks to pay for the property after you make the winning bid.

>> No.52721717

>>52719566
>>52719552
found the real estate agent seething

>> No.52721797

>>52719206
Scientists have recently (like 2 months ago) stated that San Francisco is due for another big earthquake anytime now
If you buy there will you lose everything including your life

>> No.52722010
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52722010

>>52716217
>policy that intentionally drives down the cost of real estate like San Francisco.

Unless they started green lighting high-rises and more sprawl I want some of what you're smoking.

>> No.52722037
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52722037

>>52716233
I have a tone of these around were I live now. They all saw the top and are trying to cash in now. Something many around here said was going to happen.

>> No.52722055

>>52716114
Pretty sweet digs. What's the catch?

>> No.52722066

>>52716514
Tech companies are laying people off in droves right now. Tech wages were what was supporting these prices.

>> No.52722218

>>52721797
>Scientists have recently (like 2 months ago) stated that San Francisco is due for another big earthquake anytime now
There's no such thing as being due for another big earthquake. It's past the average time between big earthquakes. That doesn't mean it MUST happen any time soon.

>> No.52722303
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52722303

get fucked 'frisco.
i hate you
i hate you
i hate you

>> No.52722453

>>52716114
honestly i hate the shit boxes in sf usually but this one is not half bad if its actually 1691 sqft.

>> No.52722590

>>52716233
Your home as appreciated less than inflation over the years, you’re losing money by living there

>> No.52722837

>>52722218
You can trust /biz/ to not know about the gamber's fallacy.

>> No.52724007

>>52719566
>It’s an auction
It's not. It only sold for 200k a few years ago.
https://www.zillow.com/homedetails/861-W-William-St-Decatur-IL-62522/84811671_zpid/

>> No.52724033

>>52717946
you can rent real estate at a profit and everybody has to live somewhere.
What can I do with crypto that I can't do with cash or gold.

>> No.52724043

>>52718288
same. That is when the conversion was done most likely.

>> No.52724065

>>52719552
It might not sell period.
It's a tactic I have seen used before.
SF real estate runs on a DeFacto auction system anyways. Unless your price is too high, If they priced it at 500k starting bid it would sell. This is 50/50 at that starting price.

>> No.52725488

>>52716231
Condos are fucking awful. Don't fall for the condo meme. This 35 year old bitch above me is really loud.

>> No.52725513

>>52716233
Vegas? I recognize those numbers.

>> No.52725556

>>52716582
Just live in a converted synagogue bro.

>> No.52725595
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52725595

>Living in the BIG CITY

>> No.52726379

>>52725556
>synagogue
it was always a house.
pretty famous architect too

>> No.52726847

>>52724033
>EVERYBODY HAS TO LIVE SOMEWHERE AND THERE IS A FINITE AMOUNT OF LAND TRUST ME
cucked logic. unless you are talking about homeless people, everybody already has a place to live in right now. ur in a house with internet dumbass. The only reason more people need to live somewhere is if a) people have more babies or b) there is more immgration to develop new housing. Those are the only 2 things that are propping up your housing bubble otherwise housing should be worth 1/10th of what it is today
>>52724033
>What can I do with crypto that I can't do with cash or gold
the point of crypto is to leave the current financial system instead of figuring out ways to partake in it. crypto is the escape pod from the pillar of autumn yeah we dont know what the hell that ring we are landing on is is but it beats staying on a burning ship filled with convenant

>> No.52726907
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52726907

>>52726847
>everybody already has a place to live in right now
and they pay up the ass for it. It's a fucking money printer for landlords.
>>52726847
>the point of crypto is to leave the current financial system instead of figuring out ways to partake in it
ok, Stefan Molyneux

>> No.52727002

>>52716114
EXPOSED RED BRICK

>> No.52727303

>>52716206
It in a fucking city you cuck. Disgusting

>> No.52727321

>>52726907
>stefan, a literal who
dont listen to me then and buy real estate an prop up the bags of all the boomers who are about to sell. stupid nigger

>> No.52727874

>>52727321
>all the boomers who are about to sell
hahahahahhahhahahahahahahhahhahaha