Posted on 09/26/2015 5:51:43 AM PDT by SeekAndFind
According to the broker, its the cheapest home on the market in San Francisco, and its an unlivable shack.
It is a worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.
Located at 16 De Long Street in the (slightly) more affordable Outer Mission district, the houses price is a reflection of the skyrocketing real estate market in San Francisco. Since 2012, the city has seen a 103% increase in median housing prices; this month, that figure stands at $1.35 million.
According to realtors Brian Tran and Alexander Han, the shack is the cheapest home listed in San Francisco.
Originally an earthquake shelter, the shack was built in the aftermath of the devastating 1906 San Francisco earthquake. The 765-square-foot unit caught the attention of Tran and Han during a drive around the neighborhood. Upon spotting the vacant house, they found the ownerwho had bought the home in 1984 and had moved out in 2008and asked if she would be willing to sell it.
(Excerpt) Read more at fortune.com ...
She’s so adorable
Brown eyes and blonde
My favorite and it better be
You can also add: rustic charm
“Couldn’t pay me 350k to live in SF.”
I spent a year on Treasure Island going to electronics school. For 350K I would be willing to live in SF for a month or so provided somebody paid all my expenses while there.
I reported there around Labor Day of ‘62 and by the time I finished school my pay was up to a whopping one hundred and four or so dollars per MONTH. On that sort of pay two of my classmates went together and rented a two bedroom apartment in SF so they could have a place to party on the weekends with their girlfriends! You could go in a nice bar and order a mixed drink for fifty cents, beer was usually a quarter.
had moved out in 2008
60-year mortgages?
If I tried to put that many heads on the wall ... my wife would have my head on the wall.
Nice place but the upkeep would mean lots of work. I’m going to a golf course condo when I’m too old for living remote in Montana. But if I was younger and wanted to live in NC again, oh boy, I would jump on it.
That thing is pretty cool. I have tent rope tighteners (found detecting) that are from the 1906 refugee camps...
This is SC, not NC but only about five or ten miles from the NC border.
Sorry, no offense meant. I saw the mistake after I hit post. I lived four years in NC, worked in finance for Moen, and loved it. Son is in SC now, Charleston area, in Navy Nuke school.
You get one group of Freepers calling anybody who would liver there and pay those prices morons. Then you have the other group posting photos of what the same money would get you in some remote hamlet in the middle of nowhere, USA.
Message to the latter group. Most people do not want to live in your rural one stoplight town. Sure, it's probably a nice safe place to raise your kids and I'm sure the other 784 people there are friendly as heck. But soon as your kids grow up, they are headed for the city lights, unless they are pining for a career at Wal-Mart or the local feed store. Not that there's anything wrong with that. But don't expect that's what they will want.
As a conservative capitalist, I see the increasing real estate values in areas like Silicon Valley and Metro NYC as a success story. It is a GOOD thing!
And yes, these areas feature many successful businesses that pay very large salary packages to those who have the skill set to work for them. Or, if you are entrepreneurially minded, you can start your own business and become a multi-millionaire or a billionaire. These are all GOOD things.
I recently relocated to the NYC area for my company. All my working life, I have aspired to work in Manhattan. To me, this is the big leagues. And even coming from Boston area, I was astonished to see the housing prices. To buy the equivalent home I had up there down here would have costed me several million dollars, had I decided to move as close to the city as I was to Boston.
But I did okay, I got a home in Southern CT that is 50 miles as the crow flies to my Manhattan office and I have to take the Metro North train to work every day, but I like it. I'm where I want to be.
When I was moving down here, I had to decide between a modest home in an urban area that would keep me close to my office or a larger home that I was accustomed to up north, but an hour from the city. I decided to go with bigger house and more land and learn to love the commute. Which I did. I bought myself an iPad and now those hour long commute train rides are a breeze as I can catch up on email, surf Free Republic, read a book or watch a movie.
I still had to pay close to a million for my house out here but its surrounded with several acres of woods. It's a nice retreat after spending the day in the city. I know for the same money, I could get a mansion in Nebraska or Kansas. But there's no way would want to live there. And I've lived in small towns before, such as in Alabama and Iowa, so I know the difference between them.
So basically you find a way. There are millions of people still coming to Silicon valley to find work at rapidly growing companies like Google, Facebook, Apple, etc. Somehow, they manage to work it out despite the high real estate prices. Same in NY Metro area, which is still by and large growing. Walking through the streets of Manhattan, I see cranes everywhere as high rises are constantly going up. The boroughs are rapidly gentrifying and seeing explosive growth.
In spite of liberalism and attempts to socialize all of us, capitalism continues to thrive in parts of the East and West coasts.
Imagine the economic growth this whole nation would see if we had leadership in Washington that understood capitalism.
That’s code for a truckload of cash.
None taken, just trying to clarify. Best wishes to your son, I went to Navy Electronics school on Treasure Island on the other coast in ‘62 and ‘63. That was when a drink in a bar in Frisco cost fifty cents.
That’s the lot. And depending on how deep it is it makes sense. There was a lot near me (Tucson, medium to upper medium neighborhood) that was going for over a million. Seemed silly with just the dumpy house that was on it (about the same as this picture). Then it got sold, and they built 8 houses one it, wasn’t such a silly price anymore.
Perfect for Pelosi, Boxer, Feinstein, or Moonbeam, IMO.
Kind of silly to say that is the price of the house which is merely sitting on the real item being sold, the property.
Ooopsie.
With that new National Registered Landmark sign, it is now priceless (er, worthless... Rather, Worth-less-than-nothing) because now NOBODY can fix it up, replace, or change it!
And the best part is that in addition to that lovely piece of real estate, you get the added bonus of having drug addicts and bums urinating and defecating on the sidewalk...
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