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To: Oldeconomybuyer

With a quick check in my zip code, for the same $649,000 you can get, some 30 minute drive from Atlanta (imagine waterfront property prices around SF), a:
- 4 bedroom 3600 sq ft lake-side house with its own deepwater cove
- 6 bed 5.5 bath 5600 sq ft luxury home
numerous other homes of similar price & features.

Viewed from the other extremes:
- the smallest non-lakefront house in this zip code is 800 sq ft, $225,000 lakefront property (adjacent properties upgraded to ~$700,000 value)
- a 632 sq ft home is going for $749,900 ... but has a large 100’ lakefront and rare usage permissions
- nearby, a 520 sq ft near-lake home costs $90,000.

I don’t see the point of living in SF under such circumstances (to wit the lead story’s home is indicative of what’s typical in the region).


10 posted on 05/01/2018 11:43:29 AM PDT by ctdonath2 (The Red Queen wasn't kidding.)
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To wit: MOVE!


11 posted on 05/01/2018 11:43:43 AM PDT by ctdonath2 (The Red Queen wasn't kidding.)
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To: ctdonath2
I don’t see the point of living in SF under such circumstances (to wit the lead story’s home is indicative of what’s typical in the region).

Well, here's the deal: Tech industry flush with cash + runaway public-employee compensation + limited housing supply = insane prices. You've got the Google & Facebook kids with Computer Science degrees making $200k/year. And you've got the BART janitors who dropped out of high school making $300k/yr. Do the math.
12 posted on 05/01/2018 11:54:29 AM PDT by irishjuggler
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To: ctdonath2

The weather is fabulously foggy


13 posted on 05/01/2018 12:08:09 PM PDT by Nifster (I see puppy dogs in the clouds)
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To: ctdonath2

You could get 12.5 square miles out where I bought my section for that much in 2013.


16 posted on 05/01/2018 1:03:12 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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