He can't sleep!
Posted on 02/05/2020 7:07:41 PM PST by NRx
San Francisco ain’t what she used to be.
Thanks to a booming tech industry, the median price for a home is more than $1.3 million in the city, according to Zillow. So if you’re shopping with a more conservative budget, it won’t be fun — that is, unless you love your car!
The most affordable slice of real estate currently available in San Francisco is a parking spot just a block from Oracle Park asking a mere $100,000, according to SF Gate.
Parking spot No. 140, located in a luxury condominium complex at 88 Townsend (where a one-bedroom is listed for $849,000), even has its own real-estate agent: Compass’ Bill Williams.
Williams says that it’s a safe place to “park your money.”
“When you buy any asset and you have it, it’s not like you spent the money. You can turn around and sell it again,” Williams says. “You could leave [$100,000] in your bank account and you might see the same return, but you wouldn’t have a parking spot.”
(Excerpt) Read more at nypost.com ...
Ande when a homeless illegal alien pitches a tent in this parking space, well just give him some toilet paper and feel good about yourself.
Honestly, why does anyone still live in San Francisco ?
Life is too short to exist in an outrageously expensive, spiritual and physical cesspool.
Especially when there are so many magnificent alternatives.
After a month, she repaid the loan and got her Rolls back.
*Where else could you park and secure your car for a month for a hundred bucks?
Having a $100,000 parking space isn’t all that glamorous. You can only use it when you’re home. And while you’re away, you’d need a guard dog to protect it. Plus the taxes on it would likely be $10K per year.
“Affordable housing” is always relative. 800k median IS affordable for people in that marketplace. Otherwise it wouldn’t be the median. Does that take a genius to figure out?
Yes but 100 grand in the bank can’t be used by someone as a personal toilet, either.
Or otherwise interfere with your quiet enjoyment.
Includes free pooh.
How can property be worth that much, in a city where people crap all over the streets?
That is not the scene I remember in the movie A Bronks Tale.
*Bronx Tale.
Can we assume ‘rent control’ ...
Because the news accounts are greatly exaggerated, like everything else reported. It's a few neighborhoods with the crap problems, where the homeless congregate. There are many safe well-to-do neighborhoods that are safe to travel.
A couple years ago, we sold my mother-in-law's house in SF. It was run-down, so we put a lot of effort into remodeling and fixing it up. We listed for $1.2M, and hoped to get that. It sold two weeks later for just under $1.5M with multiple bidders. Buyer said they got outbid for several other properties and finally got this home. We've noticed they've been remodeling it, and they have sunk perhaps another $500G into the house. This is going on all over the city. Lots of techies where money is no problem.
It has $65,000 of fertilizer on it. Quite a bargain. Self filling.
I wish George could teach me how to park. The angles, the geometry.
But he can’t.
That other guy is such a phoney-baloney. Not much of a bookie, either.
Someone should break his thumbs.
LOL
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