Saturday, March 28, 2015

Real Estate Price Insanity San Francisco Style

This would never, never happen without Janet Yellen pumping massive amounts of money into the Silicon corridor.

A  four-bedroom home, located in San Francisco's Outer Sunset neighborhood, was listed for $799,000 in February and sold for $1.21 million just two weeks after coming onto the market.

The listing warned: "in a deteriorative state; needs everything, not for the novice." According to Redfin, the buyer paid in cash.

This what the new owner has purchased:

Here's the inside:



  1. I don't know the area, but I'd say that he can turn a profit on this after he fixes it up.

  2. That is insane home much something can cost just based on location. This home is basically only good for the land. And, by the looks of it, it doesn't even look like that much land. Real estate is one of those things that changes greatly depending on location. That is good and bad for the agents. All agents will want to live in places where they are selling larger homes.