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This "Unlivable $350,000 Shack" Is The Cheapest Home In San Francisco
According to the broker, it's the cheapest home on the market in San Francisco, and it's an unlivable shack.
As Fortune reports, 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.
According to Zillow, $350,000 would comfortably fetch a 1,500-square-foot, three-bedroom home in many smaller cities in the U.S., including Cincinnati, Ohio.
Realtor Alexander Han, would definitely advise against moving in too soon.
"The house still needs a lot of work. I would not recommend anyone moving right in. The bathroom is not functioning. The kitchen needs a bit more work. The flooring has a couple of places that are little bit weaker, and needs to be reinforced."
Located at 16 De Long Street in the (slightly) more affordable Outer Mission district, the house’s 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.
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Whoever buys that, deserves it.
Hell, paint a rainbow on it and sell for $450K.
Obviously it's the land value...
I actually wonder if they're allowed to tear it down. This has heritage character home written all over it. Also, the shacks on the left and right would probably sink if they tore the structure in the middle down.
Got headache written all over it. Sell it to the Chinese. They will flip it 10x among their own people and next year it's "worth" 3.5 million.
Pull it.
There was a similar shack behind we house where grew up. Was told an old alcoholic cab driver used to live in it and it was built around the same time. Wish muh parents held onto that property, we could be rich today!
Guys, that's called a "tear down" or "scraper" out here. It's not the house for sale. It's the property.
Happens all over. Crap like this all the way to very nice homes by any reasonable view of the world, bought, "scraped" and redeveloped. Usually into garish strange places. The higher end, the worse the tatse of the developers/buyers.
That place could stand to be torn down. Here in Vancouver, perfectly good homes (like the one across the street from us) are being torn down to put up Feng Shui wedding cakes. These are homes built mostly in the 50's and 60's - not the notorious 70's era pressboard specials, but solid fir timber and lapboard construction built to last 100 years.
The derelict properties are mostly gone now - at least on the west side. Now it's heritage homes that are being destroyed. One example of these Feng Shui specials I saw had the entire front half taken up by roman columns, massive front doors and a huge foyer with double spiral staircase leading to the second floor. All this on a standard lot. I'm not joking - half the floor space was set aside just to impress the guests. Reminded me Tony Montana's place in Scarface.
Oh yeah... almost forgot the obligatory stone lions at the front gate. Now there's an industry that's gotta be booming around here.
Everything else aside, what puzzles me is the incredible bad taste. Traditional Chinese architecture produced some of the most beautiful buildings on earth. Why don't they go for that? Obviously they can afford it. Are they not proud of their culture? Do they even have one anymore?
Not this house. Not by the hair of my chinny chin chin.
Exactly Knuks!!
any decent city with a good location will fetch $350k for the land, regardless of the shitbox sitting on it....... buillt a house last year where the neighbor 2 doors down sold his house for 1.3 million and the guy tore it down to build new, so $350 is well below some peoples pain threshold
lets see, at $10/hour with a 35 hour week, that would take 1000 weeks to pay off - or 20 years. But then historically only 30% of your wages should go to housing so make that about 60 years
Im presuming here that interest rates will remain at 0% for the full course of those 60 years, too
still, *waves hand vaguely* these are not the bubbles your looking for
Pay what off? Pay no mortgage; move your junk in and then just stay in it until you get tired of it and then "just walk away."
It's the red-blooded American thing to do these days. Banks get free fed money so it takes them forever to evict someone.
Fenced yard, cedar siding...what's not to like?
This too shall pass.
I am Chumbawamba.
I wonder what the taxes are?
its funny that you mention that. I was walking around the block with my wife and kids the other day, and saw a couple guys cleaning everything out of a house. They had a pile of what looked like stuff for the junk yard, and there was a propane tank sitting there, which I wanted, so I talked to the guys. He said it was a foreclosure/eviction, and that the people who lived there told them, on their way out, that they hadn't made a payment in 7 FUCKING YEARS and just got evicted this month. They sid the couple wasn't upset about the eviction, they also owned a beach condo and chose to keep paying for it when they could no longer afford both. Just grabbed what they wanted and left.
They let me take the propane tank, which was still half full, and for 15$ it costs to trade it for a full one, I have another full propane tank in the garage.
Why, whatever do you mean? LOL
And people wonder why us conservatives still live in California. Not only does it have some of the best weather and beautiful scenery, with lots of things to do in a reasonable driving distance (wine, beach, camping, skiing, boating, etc.), but we are loath to sell our home/investment. Having seen several economic downturns, California real estate seems to recover the quickest in the country and just soars even higher with each recovery. In what other state can you purchase houses that will increase in as much value as in places like Silicon Valley?
.
@californiagirl: "Not only does [California] have some of the best weather and beautiful scenery ... ."
That's what I used to think, too. You know what? I moved from California to somewhere else. There are a couple places just a short drive away that are, without question, the most beautiful places imaginable. Indeed, they utterly strain credulity. I lived in California. There's nothing there remotely comparable.
Too, as for weather, when the weather is nice here, it is much nicer than California's. The question is, do you want nice weather during the winter (as in California), or during the summer and fall, and even sometimes during the spring?
I married a California girl. They're remarkably provincial.
So you moved to Arizona?
No. Arizona has a couple of problems. Where I moved, it rains, which is good. And, as bad as California is during the summer, I hear that Arizona is even worse. In fact, from reading publications by the local Arizona rose societies, nurturing roses in Arizona in the summertime appears to be even more challenging than nurturing roses in Minnesota during the winter.
Ugh.
Oh, if value-appreciation were the only side to this story...
They paved paradise to put up a parking lot
Considering this bubble environment and unless you got the property for a smoking deal it is not an investment it is a time bomb. Get out while you can, rent as cheap as you can, save your money and buy 3 down the road if you believe the area will recover to these levels someday. When the bubble blows it will likely be accompanied by very large Silicon Valley layoffs.
That is what they all said in 2007/2008, and after the Dot.Bom/Y2k crash, and after the 1989/1990 crash. Prices did plunge initially, but each time prices bounced back even higher. My house is now worth at least twice what it was valued at in 2009. And I have held it for some time.
When I finally do retire, I can always go to another state and buy a nice house, plus a couple of rental properties to provide an income stream, and I don't have to worry even if I had nothing else.
The house in this article was last purchased for $51,500 in 1980. A 700% increase is not that bad. The sale is already pending.
https://www.coldwellbankerhomes.com/ca/san-francisco/16-de-long-street/p...
There has been a LITTLE bit of inflation since 1980.
We can just buy and rent out houses to each other in one enormous circlejerk, GDP goes to infinity, nobody has to work anymore, everyone wins!
The Big One TM is coming!
You know what I love best about ZH? I love that this comment is A) understood and B) receives 23 upvotes, with zero downs.
You people are the best cynics. May we raise glasses together.
Larry is that you....
Surprised they didn't use the word charming to describe it.
Self-kindling would be more like it.
The difference between Yuan and cash is significant.
It backs up to a freeway and the neighborhood verges on slum. Look it up on Google Earth.
Do you accept yuan?
Looks lke something from Bodie, CA.
Ha! another bubble from a different era.
Zillow has it valued at $571,000. It last sold in 1980 for $51,500
The one next door - comparable size in better shape is valued at over $800,000, Seems like pretty much anythign on the street is valued at $700-900,000. WTF?
Welcome to shopping for a house in ghetto in SF.
A family member in Ohio asked me this summer what $200K would fetch in the Bay Area -- I thought for a second about how to answer gracefully and said "a downpayment."
In a large town away from commuter's paradise this would be $20,000. Probably would only be $10 K in 2/3 of the rural areas in the USA. But think of the view!
And you could get paid to take it if it were in Detriot.
It would be condemned in my neck of FEMA region X.
This adorable little bungalow sits between a bar and whorehouse...Location, location location...
<decisions, decisions, decisions>
Tex, you obviously don't understand San Fran... if it was between a bar and whorehouse it would be worth $700K.
Stating what many know but others don't, IF this building could get a residency permit to be occupied, which it can't because of the plumbing, it would rent as is for $1500 a month in short order. Because that's how desperate renters are in San Fran, I looked for six months to find a 1 bedroom in San Fran back three years ago and could not find anything available for under $2200 a month for a closet sized efficiency. Decent 1br is $3000 by now...but you never find one available at less than $3500 a month. Someone would rent this, slap buckets of paint on it, install some WIFI internet and they could rent out the other bedroom(s) for a $1000 a month each in less than a fuckin day! I guarantee you. Or put in hot bunks and let renters hot bunk beds who work different shifts for $650 a month per body...it's being done in San Fran. Anything on the San Fran market below $1500 a month last less than hours, never a full day.
My take is their selling to cash out and rightly so and they found out they can't do anything else with property, period. Touch a nail to fix it and your entry level cost will be around $110K to fix the kitchen and toilet after all is said and done
Please ,in that neck of the woods, that would be the cost of an estimate in writing.
Thar's GOLD in them there hills!!! Facebook games are gonna save us all! </sarc>
It doesn't have a sold sign on it....
It's offered at 350,000, doesn't mean there's any takers
Will easily go for double.
This shack is under priced. Think of all of the pride parades, aggressive homeless people, and the ubiquitous scent of urine you'll get for free!
No doubt this was a happening hobosexual hotspot at some point, possibly now.
I bought a former gay bar 10 years ago and turned it into a home, but not in SF, a little south in SJ. Paid $400K at the time, put a lot of work into it and probably already worth $800K. But it's a snazy home now with a tree house (house in a tree) and a workshop, a short walk from two shopping centers and the main rail station, I won't sell for less than $1.2M, which probably wouldn't be enough to buy another place in the very same neighborhood. Since I don't want to move I'm stuck there :) poor little me, slave to my equity.
I'm now going to build three rooms on the back, with functional kitchenettes and baths, one for my wife and I and two to rent them for $2500 each to techies like myself. Pay my mortgage and leave me with some pocket change, I might retire on the spot.
Until the Chinese show up again with that suitcase full of cash. That was kinda scary.
Very cool! Congrats on your home run. Selling to Chinese carrying a suitcase full of cash may not be such a bad option if you play it right, however.
You have to play it very fast. They offered $700K cash and we might have got them to $800K and we thought "why not" but looking around first we found out we couldn't find anything for sale to move into (even a fixer, which I'm good at) for that amount. Really, nothing -- at least not in a neighborhood not overrun with pitbulls. So we passed.
It was really interesting. I had no idea what was going on.
It's worth expanding on. Here is what is going on.
The ChiComms are buying everything on the West Coast, and paying cash probably hot money they need to get out-of-country and fast. They think big and tend to buy all the contiguous lots on a block so they can demo everything, rezone and build it back up at 3x the density. The same play they have in China (ghost cities, etc.) except over here there are massive buyers with income. My mid-sized lot with a McMansion (or two) instead of a former gay bar would fetch $1.2M (per) in a heartbeat, and another ChiComm moving money out of the homeland would buy it all and turn it right around and rent to a rich guy from India with a Tesla and a startup in Santa Clara.
The amount of hot money in motion in my neighborhood is epic and crazy and seriously unhealthy. Something like four entire counties (rich counties, not slums) in the Bay Area are being sucked into this money vortex. I hear it's just as bad in places like Portland.
This is not healthy. It's not a "market" at all, more like a casino. I'm holding on to what I have because honestly I wonder if my kids will ever be able to buy anywhere on the west coast. To save them being serfs and renters plowing money into someone else's investment, I'll keep this place and they can live here, and eventually inherit.
This is survival now. The distortions are beginning to impact who can even live here at all, which impacts who can work here, which impacts who calls the technology and innovation shots in the next generation. So someone tell me what happens when all the Silicon Valley companies are run by and for Communist Chinese? It's unhealthy and I cannot imagine it ending well for the people who work here.
Except me. I got mine while anyone still could. I had no idea how important that was. God help anyone comes after.
But it's a Love Shack...
US Attorneys shopping for prostitutes on taxpayer dime. -- Leaks incoming
https://cryptome.org/2015/10/usa-shop-prostitutes.htm
Date: Thu, 8 Oct 2015 16:24:57 +0200
Subject: US Attorneys shopping for prostitutes on taxpayer dime. -- Leaks incoming.
From: Andrew Auernheimer <gluttony[a t]gmail.com>
To: "Intrater, Zach (USANJ)" <Zach.Intrater[a t]usdoj.gov>, Paul.Fishman[a t]usdoj.gov
An open letter to my old friends US Attorneys Paul Fishman and Zach Intrater.
It's been over a year since I last asked for a fair and just amount of compensation for the three years of my life you stole under false pretense. I was kidnapped at gunpoint, wrongfully imprisoned, and tortured thanks to lies spewed by your office and you have yet to apologize and make amends for that. Since yesterday Matthew Keys was wrongfully found guilty on all counts (a conviction the DOJ obtained by perjuring themselves to falsely exaggerate the level of financial damages to elevate his charges to a felony in order to deny him a fair attempt at a misdemeanor charge) I have a message for you and federal prosecutors around the country: we are going to leak information to expose you all in the next days for the lying cheaters that you are.
The statements of prosecutors should be inviolate, and yet all around the country you have continually spewed nothing but lies in federal criminal cases. Your ilk are incapable of respecting the sanctity of the courts or the Constitution. Even the most sacred personal oath that a man can take is a rotten joke to people like you: a promise of commitment to one's wife. We have located a number of US Attorneys within the Ashley Madison dataset using the resources of the taxpayer (offices, computers, paid time, and Internet connections) to attempt to cheat on their wives. Those so responsible in your office will be the first to be disclosed.
Guilty parties will be published one by one on gotnews.com -- its editor, Chuck C. Johnson, is committed to bringing hypocritical adulterers amongst federal prosecutors to justice.
Personal phone calls, targeted ad campaigns on social media services, mass emails, and robocall campaigns will inform the following relations of prosecutors of their lying, cheating natures and theft of taxpayer money: spouses, children, children's classmates, religious congregations, and the hometowns of them and their spouses. We will broadcast your indiscretions to the world for months.
Responsible parties currently employed by US Attorney Paul Fishman's office will be disclosed first, and we will move through until we have covered each and every federal prosecutor's office in America....
I hope your statement is true. I'm waiting for events to unfold.
I would like to clarify that it's not my STATEMENT. It was a link with info from what seems to be a reputable site.
So what happened to your post the other day on the two US Senators from the Intel Committee getting outed on serious crimes?
Watch and learn
They will just say they were online, heh, heh, heh, doing undercover work. Their fake accounts were attempts to catch those nasty prostitutes.
PRESS THE BUTTON ALREADY
Housing equivalent of the biotech sector.
Sensationalism......
I would pay 35,000$ for it there were a bunch of exemptions from whatever building codes etc , because guaranteed if you demolish it you probably cant build shit on the land worth your time.
The only reason such a shit structure would still be standing is because its not worth your time to demolish it (land is not buildable or worth the investment) due to some governmental issue (taxes, regulation/building codes).
Best thing would be for one of the neighboring property holders to buy the land and turn it into a garage/parking space lol
Someone is hoping for an earthquake to collect the insurance money.
Buy it, insure for 500K, wait for Jewish lightning.
Profit.
Come on people, it's so simple!
Whoa staple a tarp over the roof put in a California EPA approved wood stove in there and you can stay warm for months, stiff the bank. and live rent free while they sort out the permits of whether you are remodeling or squatting, hell you can probably rent out a corner and turn a tidy profit, as well as living rent free. when you run out of fence to burn you can start on the interior walls and floors till it caves in, then stiff the insurance co, for good measure
maybe one of these guys will buy it for 200k over asking...
http://www.cnbc.com/2015/10/09/twitter-is-planning-company-wide-layoffs-...
Hey, it's hard to pay people without revenue. How about another round of equity?
yeah...like that guy Dick Costolo said...
"once you get Twitter its indespensible...." aparrently NOT......
"Jack Dorsey was named permanent CEO of Twitter on Monday, and a big reason he got the job was that as a co-founder, Dorsey isn’t afraid to make the tough, necessary decisions. He isn’t wasting much time. Twitter is planning company-wide layoffs next week, according to multiple sources. It’s unclear how much of the staff will be culled, but insiders say it will likely affect most, if not all, departments.
The downsizing comes at the same time Twitter is restructuring its engineering organization to make it leaner and more efficient, these sources say. It’s likely that many of those impacted by the layoffs will be engineers, which make up about half the staff. A Twitter spokesperson told Re/code, “We’re not commenting on rumor and speculation.”
Those close to the company have argued for years that Twitter has become too bloated. It reported roughly 4,200 employees last quarter, more than double the roughly 2,000 employees it had in Q2 2013 just before the IPO. Twitter’s user base has grown less than 50 percent in that time. Of course, some of the growth has come via acquisitions — Twitter has made plenty over the past two years. But still, the feeling from those close to the company is that Twitter’s engineering team is much larger than it needs to be."
http://recode.net/2015/10/09/twitter-is-planning-company-wide-layoffs-fo...
San Fran...yesterday I went into the city for lunch and I overstayed a $5 parking meter by 16 minutes. It cost me $597, $ 106 ticket and $491 to recover my car. I am not sure what to call that. It sure would screw up inflation calculations. Guess parking fines aren't in the SF Fed deflator. Tht's a month of groceries, or a month of health care. Who gets this "shakedown?" The meter maids?
I loathe that fuckan city on several grounds. I won't shed a tear for it when it comes crashing down.
I won't shed a tear, won't send a case of water, won't support the rescue charities that pay their executives 6 figure salaries for 'charity work', won't house a surviving refugee and won't give a dime.
They know the Big One is overdue and that God's hand of judgement will be in the shaking when it comes.
They've had decades of warning and could move now.
Shall I try to thwart the hand of God?
"I am not sure what to call that..."
try rape.
go UBER!! and watch out around Union Square.. they swarm undercover entrapments on johns yet a brothel strip club is legal 5 blocks away
unch and I overstayed a $5 parking meter by 16 minutes. It cost me $597, $ 106 ticket and $491 to recover my car.
This is the precise reason I drive a car worth under $250 bucks. Keep it, fuckers!!
I'm sure it's listed as a "charming, rustic, fixer-upper"
Most likely owned by an Asian...
Nope. Asians don't sell. They would have other Asians living in that place paying full rent.
Actually, the parcel of land is selling for X, and X = $350,000 - demolition cost.
That's where all the Bankerfetzen ended up. I live in Santa Cruz, and it's nigh-impossible to both pay rent and save even a tiny amount of money as a working class stiff. All the Chi-Com anchor babies and illegals and big dumb idiot tech money (there are seriously door-to-door laundry services for the people over the hill - those idiots literally can't even dress themselves!!!) has made this place practically unliveable. If I didn't live with my s/o and us both have full time jobs, I wouldn't be able to pay rent for anything bigger than a single room in a run-down house, let save enough for the occasional silver coin to make a wish with on the Pacific.
The price seems rather low. Either there are pollutants in the building that make disposal of the tear-down debris a problem. Or the building codes require something that you cannot do with that parcel.
But hey, the Fed says pay $350k to find another sucker to pay more for it as the functional economy is not relevant.
And people wonder why the Egyptian Empire collapsed...
Hello from Berlin, Germany. I'm traveling from the US. It's so cheap to travel outside the US, that frankly, I'm probably never coming back. Not to mention that even the crazy people here are lucid and not dangerous!
Dear San Francisco, you can keep the above-listed toilet and shove it up your ass.
Very deeeeeeeeeeply up the ass too.
m
If you've got a
Spare half a million
You can knock it down
And start rebuilding
-Courtney Barnett, "Depreston"
The Federal Reserve is getting it's asset inflation.
The only house to survive the great earthquake of 19aught6.
A little paint, patch the roof, and Bob's your uncle.
In Toronto... $1 M and not livable
bonus: a slide show of other exciting home buying opportunities.
http://www.huffingtonpost.ca/2015/09/02/not-liveable-toronto-house_n_8078250.html
Just looked it up on Google Maps. Right off the backyard there's a busy road AND an elevated train, with Interstate 280 right next to that.
So, a nice quiet neighborhood to boot.
We joke, but we're probably fools not to jump at the house flipping opportunity. An Ikea kitchen and bath and some new paint and some chump would buy this joint for $500,000 next month.
Those are selling points!
"Freeway Access" and "Near Public Transportation"
Sell it twice, and initiate a hedgefund that will cover the value of all 3 homes.
Then sell options on a million shares in the hedge fund based on the mountain of CDOs you can make off of this gem. Don't worry if the market moves against you - just organize yourself as a bank and you too can qualify for the next QE disbursement.
Buy it now before it gets bid up to $900k.... And I'm not kidding.
Yea it looks overpriced compared to a few years ago but thats irrelevant, is it overpriced vs a few years FROM now? Nobody knows for sure and most would like to think that yes it is but that is just because QE4 hasn't been officially announced yet.
After the next few trillion are printed that shack is going to be worth deep into the seven figures.
QE infinity wooooo!
UNDER-Standing
Is that bars on the window? To keep something in or keep something out?
https://youtu.be/jIYoyvW3J9Q
What's the catch?
The house has gutters. So it's liveable.
I want to see the dumb bastards that bought that property. It's somewhat like trying to get a glimpse of that bungling inept driver that almost wrecked into you as you later pass them on the freeway... you just want to know what somebody that frickin dumb looks like.
is it okay to disturb the occupants or should I call the agent?
Asians and Zuckerberg and the Jewish owners of Google have made that general area prohibitive for traditional Americans.
Legal immigration, according to projections, will see ONE BILLION "Americans" by the end of this century.
No one in the Mainstream Media brings up the price of housing, of potable water availability, of food prices and jobs and that sort of thing.
Whites are being REPLACED, by design by the GOVERNMENT.
Do you really wish to permit this to go on? To have the HELL that will await your children and grandchildren?
“Diversity, openness, and tolerance” = White genocide.
"Do you really wish to permit this to go on? To have the HELL that will await your children and grandchildren?"
They really don't care, Most are living for now and to hell with what's coming. Children today are tax write off's at best and abortion body parts at worst.
As far as Caucasians... Their the ones allowing it and the ones doing it. Caucasians invented political correctness, diversity and all the rest. They'll get what they deserve.
Not in one of the best areas of the City. An elevated section of Interstate 280 is pretty much across the street from you. Additionally, the BART tracks are above ground and right next to 280, so the noise would be pretty constant. Across from the freeay is the Oceanview District and they have quite a few Baptist churches over in that area, as well as a pretty high crime rate. On the DeLong side of the freeway is pretty much a lot of substandard housing. The City limits are about four or five blocks away and then comes Daly City.
I looked it up on Zillow and they have it supposedly worth $571K and a rental value of $3,500. LOL. I seriously doubt they could get the rental number. I'd be willing to bet they'll get the Zillow price or higher, although it is a pretty small lot at only 1600 sf.
They could EASILY get that rental number and then some. Have you seen what $3500 gets you in the Bay? This would be a palace for that price. And they can brag "walking distance from BART!" , "Close to all major transportation, highway accessible!". In fact I bet they sublet out the rooms and and get close to double that a month. Some 22 yo start up employee will buy it, then knock it down and build a $3 million dollar townhouse on the lot. Fuckin A, slap some solar panels on it and call it a "sustainable eco-cottage".
For gods sake, who are the amatuers posting this nonsense - its called "land value". Would make no difference if there was a tent pitched on that lot.
>$200/square foot
No virtual tour?
Isn't that one of the "temporary" huts they built after the '06 earthquake? Those things are rare. It is a historical treasure. Somebody should slap a bronze plaque on it.
Granite kitchen countertops, stainless steal appliances, Italian tiles in bathroom, a thin coat of paint on the outside ... and it sells for $1.2M.
A trust fund hipster's dream: classic, ironic, overpriced and in smell my own farts-francisco.
https://youtu.be/AnFAAdOBB1c?t=23s
Oh for God's sake...no one is buying that house. They'd be buying the land it sits on, and demo'ing and hauling away the building on the lot.
The realtor talks as if it would be fixed, renovated? Lol! Bullshit. Anyone buying that plot is gonna raze the building and start from scratch.
Still, a little late in a bubble echo for that don't you think?
Maybe somewhat unlikely but imagine a scenario where China collapses, whether it's simultaneous with our collapse or not, and the US allows massive waves of immigration from Asia. It would probably put half of us on the street. As hungry as our government seems to be for higher numbers the next time things get cheap it may be time to buy and hold indefinitely just to make sure you don't end up in a hooverville.
Here's some hope and change Tyler.
L.A.'s Westside Wealthy and the Homeless Collide as Numbers Surge - Hollywood Reporter
Alabama guitar house that was on the market for $14m is now just $1 | Daily Mail Online
What's that famous Mike Tyson comment?
What happens when single family zoning meets social media companies with a 100+ P to E's. Grew up in California and loved it but Markets are Efficient and it's all priced in now.
Obama would look nice it that one
That's just the disguised escape tunnel [EXIT>]from the S.F. Federal Reserve Buliding.
The long term lease probably ran out and .Gov is the only bid. ha
My friend from Umbrella Corporation told me so last night, over some single malt.
Why is everyone so down on this dump...its all about location, location, location...it has that quaint country look inside high tech San Francisco...I am not sure the owner can sell it...seems like it would be protected by federal law as a historic building...
Tell that to the starving *white* kid on the curb I gave my doggie bag to. I think he must sleep standing up. When I was his age, I know I did.
Fuck government. DIY... again.
I don't know what Zillow is smoking, but $350,000 will get you a five bedroom, 3 bath house built in the 1980's with at least an acre of land in several Cincinnati suburbs. $65,000 will get you a three-bedroom, two bath house in a stable small town at an hour's commute -- I'll sell it to you myself.
I can find you a 3 bedroom 2 bath house in Belmont, Ohio for $32,000 but who wants to live in Belmont, Ohio?
$200 shack on a $349,800 piece of dirt.
1. This is basic lot value minus demo cost. 2. This neighborhood is around 75% Chinese buyers just parking their stinky cash.
Pay the money and get Vanilla Ice to do a flip-over on it, by this time next century i'll be a pauper.
quaint fixer upper by NAR's standards. Print moar to keep realestate as high as possible. Can't have them losses, ya know.
It's ideal for for some aspiring presidential candidate to claim they were born there.
Just give it to the niggers and let them have it for free
San Francisco is top in gay population and top in housing price. Is this correlated in some way?
On the positive side though, that San Francisco shack might turn a profit as a meth or crack house. It has the ambiance.