Too Expensive (Inner Sunset)

I suppose it is a tad high, but someone obviously liked the place enough to drop that kind of money on it. At the end of the day, the market has spoken. Someone doing a refinance would love to have such a comp…:grin:

Um… have to disagree with the pricing on this one… even though inner parkside lies very dear in my heart… this is absolutely outrages pricing and screaming lightning and thunder of a market that is way overvalued living in a ginormos bubble… :scream:

Please…the market (or buyer) has spoken!!! Loud and clear!!! Fresh veggies and closeness to streetcar is priceless!!!

Yes, the market has spoken of its overvalued-ness… :wink:

We may feel it is overpriced, but the reality is that someone felt it was worthy. In fact, he/she was willing to pay more at 2.8M, which implies OVERBIDDING action!!! OMG, the Sunset is killing it!!!

Rather than feeling elated at this kind of price level, I would choose to exercise caution…

Why, fellow Sunset owner??? Lots of people with money out there besides yourself, you know…

Ok, let me wait and check on the cash profile of this particular buyer. If (s)he bought it using all cash, then I would feel more assured. But if (s)he only put down 20%, then it could be another story. Will report back…

Why be a Debbie Downer, a day after Christmas??? Rejoice, your neighborhood just went bonkers, and inched towards 3M!!! All those years of praising Sunset (rightfully so) has paid off!!! God, I am good…

Hahaha… I wouldn’t be a downer if the gains were indeed real and not some kind of a mirage… I do hope I’m wrong but the world has indeed gone bonkers… how else can you explain the fact that many people are willing to pay $20k for some imaginary coin? Caution, caution, caution!!! :wink:

I would not compare a real home in a supply constrained desirable city to a coin that has dubious value attached to it. Someone buying at 2.8 is probably not reaching…

Buyer paid in bitcoins

Ok, texted the buying agent by accident… he said multiple bids and his client’s offer was cleanest. Conventional loan involved.

Ok, will be interesting to find out how much of a loan the buyer took out…

Dogpatch will win

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Well, if you vote the other way and call every relative and friend you have to vote Outer Sunset as well I would think we have a shot…:grinning:

Wow, pretty pricey…

Top floor 3/2 condo is:

https://www.redfin.com/CA/San-Francisco/1480-12th-Ave-94122/home/12277511

Main floor with the bottom rooms is:

https://www.redfin.com/CA/San-Francisco/1478-12th-Ave-94122/home/12395578

Wow,2/1 condo in Inner Sunset goes for 1.375M

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