Comments on: Best of San Francisco Real Estate http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/ Real Estate, Insight, Statistics, Gossip, & News...With a Twist and Some Flavor Mon, 21 May 2012 00:11:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Sophie http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5824 Sophie Mon, 06 Oct 2008 18:33:03 +0000 http://thefrontsteps.com/?p=2381#comment-5824 I'm not a fan of those units, and I wouldnt bet my shirt on. Let me explain. first, it's loft. So there are not so many people who are willing to live in those conditions. Like drafty, super cold in winter, super hot in summer, F@#$^@ windows to clean, cooking smell in your bed positioned above the open kitchen etc. Second, it's live/work. There are not so many people who actually run a business from home. DotComs are so passé. BioTech might not be easy to run from your own home. GreenTech requires a LOT of storage (so the REAL lofts in real industrial buildings are great, the FAKE lofts in the new developments simply dont have the oversized elevator, the truck sized garage door etc) etc. Third, altho they say there is 49% of single women in SF (and an equaly large number of single men), there is also an increasing number of "now official" families. Think mariage law. Think large number of homo families adopting kids. Those people dont need their private night club anymore, and might rather buy a home to live, rather than a box. That leaves 2 main targets for occupants: young professionals who buy a cool place for a few years before they move on, and rental to the same people who are broke or not as rich, or simply not paid the extravagant DotCom salaries which started all this. So my conclusion is that those condos are fine for someone - who is comfortable is such unit (that's in your genes, and persona, such as clostrophobia, tolerence to temperature variation etc) - who is comfortable with renting it out in the future to maybe a party young professional (because renting might be the only option at a given time). -> you are the only one to know if such a loft is for you or not. I’m not a fan of those units, and I wouldnt bet my shirt on.
Let me explain.
first, it’s loft. So there are not so many people who are willing to live in those conditions. Like drafty, super cold in winter, super hot in summer, F@#$^@ windows to clean, cooking smell in your bed positioned above the open kitchen etc.
Second, it’s live/work. There are not so many people who actually run a business from home. DotComs are so passé. BioTech might not be easy to run from your own home. GreenTech requires a LOT of storage (so the REAL lofts in real industrial buildings are great, the FAKE lofts in the new developments simply dont have the oversized elevator, the truck sized garage door etc) etc.
Third, altho they say there is 49% of single women in SF (and an equaly large number of single men), there is also an increasing number of “now official” families. Think mariage law. Think large number of homo families adopting kids. Those people dont need their private night club anymore, and might rather buy a home to live, rather than a box.

That leaves 2 main targets for occupants: young professionals who buy a cool place for a few years before they move on, and rental to the same people who are broke or not as rich, or simply not paid the extravagant DotCom salaries which started all this.

So my conclusion is that those condos are fine for someone
- who is comfortable is such unit (that’s in your genes, and persona, such as clostrophobia, tolerence to temperature variation etc)
- who is comfortable with renting it out in the future to maybe a party young professional (because renting might be the only option at a given time).
-> you are the only one to know if such a loft is for you or not.

]]> By: Coach A http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5823 Coach A Mon, 06 Oct 2008 17:01:22 +0000 http://thefrontsteps.com/?p=2381#comment-5823 Sophie -- GREAT point. My point was to question when is a 600K purchase of a Harrison Corridor purchase a smart purchase? I'm having a tough time coming to terms with that section of town. Bi and Tri level lofts in an area that never reached the promise of what it was to become --- ya know what -- i'm going to dedicate a post on SanFranciscoSchtuff on the HArrison Corridor! Sophie — GREAT point. My point was to question when is a 600K purchase of a Harrison Corridor purchase a smart purchase? I’m having a tough time coming to terms with that section of town. Bi and Tri level lofts in an area that never reached the promise of what it was to become — ya know what — i’m going to dedicate a post on SanFranciscoSchtuff on the HArrison Corridor!

]]> By: Sophie http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5815 Sophie Mon, 06 Oct 2008 14:29:50 +0000 http://thefrontsteps.com/?p=2381#comment-5815 Coach A. you forgot the most important element: length of investissement. Are you looking at 3years? 7years? 10 years? 25years? for midlength, I vote for a victorian 1Br in hayes valley. Coach A. you forgot the most important element: length of investissement.
Are you looking at 3years? 7years? 10 years? 25years?

for midlength, I vote for a victorian 1Br in hayes valley.

]]> By: Coach A http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5803 Coach A Mon, 06 Oct 2008 05:04:14 +0000 http://thefrontsteps.com/?p=2381#comment-5803 Alex - I give you 600K to purchase a property -- you buying a loft along the Harrison corridor? A condo in Potrero Hill? A studio in a high rise? Talk to me goose. Alex – I give you 600K to purchase a property — you buying a loft along the Harrison corridor? A condo in Potrero Hill? A studio in a high rise? Talk to me goose.

]]> By: alex http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5692 alex Thu, 02 Oct 2008 02:46:03 +0000 http://thefrontsteps.com/?p=2381#comment-5692 amen Coach! amen Coach!

]]> By: Coach A http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5688 Coach A Wed, 01 Oct 2008 23:54:58 +0000 http://thefrontsteps.com/?p=2381#comment-5688 Nice - I hear what you are saying. I feel for the folks that purchased bi and tri-level lofts along the Harrison Corridor - that 795 to 995K purchase seems tough to justify 2 years later. Thankfully I didn't push folks in that direction and never really understood (nor do I today) the pricing in that particular section of SF. Nice – I hear what you are saying. I feel for the folks that purchased bi and tri-level lofts along the Harrison Corridor – that 795 to 995K purchase seems tough to justify 2 years later. Thankfully I didn’t push folks in that direction and never really understood (nor do I today) the pricing in that particular section of SF.

]]> By: alex http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5686 alex Wed, 01 Oct 2008 22:41:51 +0000 http://thefrontsteps.com/?p=2381#comment-5686 Good point about Jordan Park. I was also thinking Sea Cliff was a good bet. Then I thought about Noe, then St. Francis Wood, and West Portal, let's not forget Cole Valley, Ashbury Heights, and you see where I'm going here. Also, I'm hoping everyone that reads the Examiner will keep flooding Pac Heights, so that my clients that aren't afraid to look outside of that little bubble keep finding way better buys for their buck. ;-) Not really, but the thought did cross my mind. Good point about Jordan Park. I was also thinking Sea Cliff was a good bet. Then I thought about Noe, then St. Francis Wood, and West Portal, let’s not forget Cole Valley, Ashbury Heights, and you see where I’m going here. Also, I’m hoping everyone that reads the Examiner will keep flooding Pac Heights, so that my clients that aren’t afraid to look outside of that little bubble keep finding way better buys for their buck. ;-) Not really, but the thought did cross my mind.

]]> By: Coach A http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5684 Coach A Wed, 01 Oct 2008 21:07:36 +0000 http://thefrontsteps.com/?p=2381#comment-5684 Good stuff - -i'll take the "Web Site" Challenge with any brokerage though my friend. I know and love the Big Z - but for actual information and ease of use, gotta back Garrett and my creation. Every listing - no "featured" bull shit and actual business information instead of superficial real estate talk. I'd also take Jordan Park over Pac Ht's for the safest investment dollar. I got a feeling some peeps in the high rises on Jackson and Van Ness (PAC HT's) aren't doing so well. Good stuff – -i’ll take the “Web Site” Challenge with any brokerage though my friend. I know and love the Big Z – but for actual information and ease of use, gotta back Garrett and my creation. Every listing – no “featured” bull shit and actual business information instead of superficial real estate talk.

I’d also take Jordan Park over Pac Ht’s for the safest investment dollar. I got a feeling some peeps in the high rises on Jackson and Van Ness (PAC HT’s) aren’t doing so well.

]]> By: lefty http://thefrontsteps.com/2008/10/01/best-of-san-francisco-real-estate/comment-page-1/#comment-5682 lefty Wed, 01 Oct 2008 19:10:16 +0000 http://thefrontsteps.com/?p=2381#comment-5682 don't forget -- best real estate section: san francisco examiner. duh. don’t forget — best real estate section: san francisco examiner.

duh.

]]>