To think that I always choose snarky comments for the “Comment du Jour” would be silly. As I always say, the comments are full of information, but I know not all of you read or follow them. So…a reader (FogCityBrit) provides a horses mouth (City Assessor) account of calculating square footage: (An update on Chelsea … Continue reading Calculating Square Footage in San Francisco: “Comment du Jour”
Category: Readers’ Reports
Rents on the rise in San Francisco
In case you missed it, a reader reminds us: “Rents are going ballistic. ‘Prime areas up 20% YoY [Year Over Year]’”. Bay Area Rental Market Roars Back [sfgate]
“Fed Cut the Rate! Seatbelts, please…”
From a reader (not Boomtime, not MarinaPrime, not me, not any of the other bulls…), verbatim: “Fed Cut the Rate! Seatbelts, please… * FED CUTS FEDERAL FUNDS RATE HALF POINT TO 4.75% * FED CUTS DISCOUNT RATE HALF POINT TO 5.25% * Yield curve steepened dramatically as the 2Y went from 4.13% to less than … Continue reading “Fed Cut the Rate! Seatbelts, please…”
The neighbors are “aghast”! (3809 Clay)
“This property [3809 Clay, a 3 bed, 3 bath in Presidio Heights] sold about three years ago (neighborhood rumor) to an agent, who modernized it then flipped [it] for around 1.4… note what it is listed for now. What do you think? We are aghast.” Well…I don’t like rumors, so I did a little digging, … Continue reading The neighbors are “aghast”! (3809 Clay)
Done Deal in the Marina and only $395,000 over (2330 Bay)
Our readers have come up with some good finds this last week, and thankfully I have some time to post them, so you can pick your jaw up off the ground along with the rest of us: Take a look at this. [2330 Bay] Closed in 21 days for almost $400,000 more [asking $2,495,000 selling … Continue reading Done Deal in the Marina and only $395,000 over (2330 Bay)
Benjamin Bratt sells SF Investment and “Your Mama” tells us how it is
I truly love when readers (thanks Shelley) send in links to other sites that truly make me laugh, and have a good grasp of the sf market, so I can quote them and not have to say it myself. Lest anyone think the sub-prime lending crisis and mortgage meltdown is having a huge affect on … Continue reading Benjamin Bratt sells SF Investment and “Your Mama” tells us how it is
1361 Francisco…buh bye!
From a reader who actually sent this a couple days ago, but I haven’t had a chance to post…1361 Francisco, a two bed, one bath condo asking $1,389,000. These things are going fast: You should definitely post this example. Here is a nice 1,200sqft lower unit Marina flat in ‘The Marina Gold Box’ area where … Continue reading 1361 Francisco…buh bye!
Comment du Jour: “Highest stakes table in Vegas”
I chose this comment for the “Comment du Jour”, as it is a very good, brief description of the mindset of many buyers currently in the market. Thanks “Ah Boom”, and thanks to all the others that have responded and shared their thoughts on that thread. You put your life savings down [on a home … Continue reading Comment du Jour: “Highest stakes table in Vegas”
How to buy a foreclosure in San Francisco
by “Dave”…a reader that seems to have just scored a great home. Important detail he left out, and what I’m dying to know…did you use a Realtor? As I mentioned before, there wasn’t much magic in my purchase. The house was listed on MLS like everything else but was disclosed as an REO. I had … Continue reading How to buy a foreclosure in San Francisco
“the place was crawling with people” (1422-24 14th Ave.)
Deferring to our readers on this one. I have not seen it. Thanks “anon8mizer” for the tip. Hi – Just an update on this building. I saw it on Sunday. The place was crawling with people. I thought i was back in 2004 when I was house hunting. Three types of visitors: 1) young couples/families … Continue reading “the place was crawling with people” (1422-24 14th Ave.)
Pardonnez moi monsieur, mais vous avez dit “+79.7%”?
We often compare trophy cities (London, Sydney, Paris, Tokyo, etc.) of the world to San Francisco, and in my humble opinion, we’re not quite trophy, but on our way. If we got rid of Chris Daly, maybe we could get there. Regardless, a reader sends us this quote and link: “And we thought prices were … Continue reading Pardonnez moi monsieur, mais vous avez dit “+79.7%”?
FYI, 289 Marina ($905,000 over asking)
A reader kindly calls out, and we verify: I heard the 289 Marina Blvd. house just sold. Asking $2.795 mil… north of $3 mil…. can anybody verify? I went inside… 1950’s…. needed A LOT of remodelling. [Editor’s note: Correct. Sold for $3.7M. Seven offers.] In the nick of time? Time will tell.
“Seems outrageous to me” (2566 23rd Ave.)
I’m going to keep quiet on this and do as this reader suggests…”let the readers decide”. This listing [2566 23rd Ave.] in SF’s Parkside caught my eye. Bought in March for $1.04M (expensive for Parkside), this home was flipped and is now back on the market for $1.6M! Seems outrageous to me, but let the … Continue reading “Seems outrageous to me” (2566 23rd Ave.)
What’s going on with 1684-1686 19th Ave?
from B.O. with [our comments thrown in] [This is a very good find and a good data point. 19th Ave properties are a tough sell as is, but add to the mix bad pricing, average remodel, out of town agent, and you have a recipe for frustration and not selling. Of course, we don’t know … Continue reading What’s going on with 1684-1686 19th Ave?
Repricing of risk, not a bad thing
from “D” “This goes along with my comment yesterday about the repricing of risk. It’s not a bad thing. This concern about jumbo mortgages costing 6.8% or 7.5% is actually funny because for most of the 1990s boom, and well into the 2000s, interest rates were exactly at these levels! When I bought my condo … Continue reading Repricing of risk, not a bad thing
It just doesn’t make sense…our market
Quite often I’m forced to pull from our readers’ comments because I couldn’t possibly say it better myself. This from yesterday’s post titled “Rents Rising. “I don’t think this [observation] makes sense in San Francisco. From where I’m standing as a potential buyer – the San Francisco market is on freaking fire. We’ve been overbidding … Continue reading It just doesn’t make sense…our market