San Francisco now $1000 more a month than NYC

[Mr Hate Coffee]

This is why I have been watching the housing market so much. I am waiting for a bargain. Also sales are dropping, so I am hoping prices drop later this year.

I hate being at the mercy of rent and would rather own so I don't have to move around every time prices go up.

At the end of the day, we’re all affected. Unless you can work anywhere. Even if you have a house that appreciates... you sell it and now you’re just another buyer looking for a crib in an overpriced market. That’s the thing I can’t figure out. How do you win with this shyt? I guess if you get a crib and stay there for 30 years but who does that anymore? People are gonna have to move where the jobs are regardless.

 

[Lakerman0834]

At the end of the day, we’re all affected. Unless you can work anywhere. Even if you have a house that appreciates... you sell it and now you’re just another buyer looking for a crib in an overpriced market. That’s the thing I can’t figure out. How do you win with this shyt? I guess if you get a crib and stay there for 30 years but who does that anymore? People are gonna have to move where the jobs are regardless.

my cousin whose a successful physician (so had money to spend) bought around 30 homes in detroit area when the market tanked and remodeled them and made an insane profit. Thats the only way I can see someone win this game

 

[UberEatsDriver]

That is like Excelsior or some shyt, never was the turf like that. Though houses do probably get raided over there, it ain't never been the killing fields like HP, Lakeview, Sunnydale, Fillmoe, Alemany etc. Where I'm from in Lakeview prolly one of the only places in the city where you can get a house for less than a mil, but you could get popped by opp nikkas and taken way from this world just for walking down the street doesn't matter if you an old Asian lady.

Prosecutors: SF murder defendants celebrated after Oceanview triple shooting

Even though even the worst hoods in SF have heavy gentrification, so many people died over those hoods that anybody outside is an opp. Now it's not 1991 anymore, but when the funk is on, several bodies can drop around certain corners annually. And like I said, anybody can get it and has gotten murked over there not just turf'd out mob nikkas but college students of any race, old ladies, cac bicyclists etc. It's always been like that where I'm from. Cali hoods are some of the most territorial places in the world.

Damn. Visiting Oakland and SF soon with mom and dad.

But I am not getting my hotel at SF

 

[Wild self]

What gets me is how previous generations bought that land for pennies on the dollar. You had to have got in early. Ordinary people aint breaking ground there.

It was before 9/11 and the globalization rush. Gen Y and Z had no shot for a middle class life.

 

[Wild self]

Signed a lease for one bedroom $3975 in downtown BK . Cant wait to leave this shyt hole city

That scumbag landlord should get sent to Iraq and be tortured for that. Price gouging, regardless of,demand, should be illegal and inhumane,

 

[Lakerman0834]

That scumbag landlord should get sent to Iraq and be tortured for that. Price gouging, regardless of demand, should be illegal and inhumane,

Ya we negotiated 3 months free rent and plus lowered it down from asking price. Insane people willingly live in these areas (unless you born and raised and roots in these cities). 27 months and we out of here to higher salary, less work, more space and better life

 

[Wild self]

Ya we negotiated 3 months free rent and plus lowered it down from asking price. Insane people willingly live in these areas (unless you born and raised and roots in these cities). 27 months and we out of here to higher salary, less work, more space and better life

Its a bubble and all bubbles burst

 

[Nikki_04]

At the end of the day, we’re all affected. Unless you can work anywhere. Even if you have a house that appreciates... you sell it and now you’re just another buyer looking for a crib in an overpriced market. That’s the thing I can’t figure out. How do you win with this shyt? I guess if you get a crib and stay there for 30 years but who does that anymore? People are gonna have to move where the jobs are regardless.

If the appreciation is large enough, then you will have a decent down payment to a better home hopefully, but I get what you are saying.

But that's the thing, people need to stop moving around so much, buy a home that is appropriate for you long term. I don't get why people in their 40s are buying homes that are 3 stories high, as you get older you don't want to go up 2 flights of stairs to get to your bed. Or the newlywed couple who buys a 2bd 1 ba home that is 1000 sqft and then have to move when they start having kids because they outgrew the house.

In this type of economy/envirnment, you have to really plan your purchase...look 10 years down the road and figure out where you see yourself and purchase based on that, if possible. It's better to move and downsize, not move and upgrade in this type of economy.