ON THE BLOCK This 277-square-foot S.F. studio had a buyer in four days

[mlawson71]

It least it has a roof garden. I agree about the price though, it's kind of outrageous.

 

[Mtrader]

It least it has a roof garden. I agree about the price though, it's kind of outrageous.

Reminds me of the movie "The rat race".

Maybe find a less paid job in a less expensive area, and have much better quality of life. And probably have eventually more money to spent.

I prefer this:
http://www.green-acres.com/houses-f...e_d_azur&_ga=1.261793807.328722922.1488282120

 

[Baron]

I'd much rather live in a hotel than that studio.

 

[dealmaker]

DM.... if I was out there... I'd be buying everything I could afford in the middle price range out in Novato, Rohnert Park and flipping them like pancakes. Hot markets like you have going on right now out there are a 1000 times more profitable than trading. If you have the $'s, its low hanging fruit. Being nimble is key. As long as no end is in sight... buy above the ask.... and sell. Just like stocks in a super-bull market.

The 'new normal'? Bidding wars dry up as Bay Area housing market cools
(this is as per Pacific Union International chief economist Selma Hepp)

http://www.bizjournals.com/sanfranc...sco-residential-real-estate-house-prices.html


ps though commercial real estate in SF still red hot eg WeWork signed a lease for 9th street location...

 

[dealmaker]

SF home prices see big drop in January

http://www.sfgate.com/business/netw...e-prices-see-big-drop-in-January-10966680.php

 

[dealmaker]

Twitter engineer vents about 'making ends meet' in SF on $160K salary

http://www.sfgate.com/news/article/SF-techie-scrapes-by-on-160-000-salary-10966064.php

 

[RRY16]

DM.... if I was out there... I'd be buying everything I could afford in the middle price range out in Novato, Rohnert Park and flipping them like pancakes. Hot markets like you have going on right now out there are a 1000 times more profitable than trading. If you have the $'s, its low hanging fruit. Being nimble is key. As long as no end is in sight... buy above the ask.... and sell. Just like stocks in a super-bull market.

Try Richmond, Antioch and Vallejo, while your poaching low hanging fruit and being nimble you better pack some heat.. Good luck!

 

[vanzandt]

Try Richmond, Antioch and Vallejo, while your poaching low hanging fruit and being nimble you better pack some heat.. Good luck!

Lets be PC here...those are "re-gentrification" areas.

 

[monkeyc]

R/e is a local thing. The Saratoga market in the South Bay is insane:

Fixer upper sold in 3 weeks, $450k over asking:
https://www.redfin.com/CA/Saratoga/12520-Saratoga-Creek-Dr-95070/home/1595069

Sold in 10 days, $80k over asking. Closed in 2 weeks:
https://www.redfin.com/CA/Saratoga/12634-Saratoga-Creek-Dr-95070/home/1777103

Sold in 1 week, $420k over asking. Closed in 2 weeks:
https://www.redfin.com/CA/Saratoga/12340-Obrad-Dr-95070/home/1230953

Sold in 3 days $160k over asking:
https://www.redfin.com/CA/Saratoga/13531-Howen-Dr-95070/home/552086

Sold in 2 weeks $430k over asking:
https://www.redfin.com/CA/Saratoga/20190-Cherry-Ln-95070/home/805556


There are more, those are just samples

 

[vanzandt]

R/e is a local thing. The Saratoga market in the South Bay is insane:

Fixer upper sold in 3 weeks, $450k over asking:
https://www.redfin.com/CA/Saratoga/12520-Saratoga-Creek-Dr-95070/home/1595069

Sold in 10 days, $80k over asking. Closed in 2 weeks:
https://www.redfin.com/CA/Saratoga/12634-Saratoga-Creek-Dr-95070/home/1777103

Sold in 1 week, $420k over asking. Closed in 2 weeks:
https://www.redfin.com/CA/Saratoga/12340-Obrad-Dr-95070/home/1230953

Sold in 3 days $160k over asking:
https://www.redfin.com/CA/Saratoga/13531-Howen-Dr-95070/home/552086

Sold in 2 weeks $430k over asking:
https://www.redfin.com/CA/Saratoga/20190-Cherry-Ln-95070/home/805556


There are more, those are just samples

2.3 Million for this place?!!! https://www.redfin.com/CA/Saratoga/20190-Cherry-Ln-95070/home/805556
WTF?