This quote comes from reader “Disconsolate“, on “Stories Of Despair In San Francisco Real Estate“:
I was in probate court that day to observe the overbidding on Juanita Way as preparation to overbid on a house in University Terrace. Our court date was last week. We showed up and went to our max ($100k over the original accepted offer), but we were easily outbid by USF. We didn’t stand a chance.
You are not alone, our friend. Not alone. Thanks for the comment!
So what’s going on? Is it USF trying o buy property for professors, students, staff??? Are they trying to raise the property values around the campus???? It all sounds like good news (except for those looking to buy cheap).
@alex,
No idea really. That was the first I had heard of USF snatching up property.