What kind of would do we live in where Uber Drivers are buying $2.5mm homes?
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I literally don’t understand this part. Presumably he/she has another job? If so, why drive for Uber? If not, how do you buy a 2.5m house? Loads of roommates? None of it makes sense.
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Two incomes and a trust fund
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So, a trust fund.
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He could buy this estate in south africa and still have change. https://www.property24.com/for-sale/spanish-farm/somerset-west/western-cape/9004/102544132 …pic.twitter.com/4ESNSzJ51T
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> 2.5M for what looks to be a pretty small-medium sized house with nothing going for it except a decent interior. > "great deal" wtf SF. The whole Bay Area desperately needs residential skyscrapers, not just office ones.
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SF be all "we don't have any space here". Meanwhile every major city around the world: no you idiots, you don't have space for 1-2 storey ultra low density developments and parking lots covering 90% of your available land.
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Make up your mind SF. Either you want affordable residences for millions of people, or you want your 1-2 storey terrace houses with 300 empty parking spots at the store.pic.twitter.com/EHeB13ndAK
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The buildings that finally do get approved are only 3-stories tall. Even when built between a freeway and a train track, anything higher than 3 stories can't get pushed through.
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Nah exactly that - it's a self inflicted clusterfuck. Stupid zoning laws meets people desperately protecting their overpriced investments and preventing anything to be built that would inevitably reduce the value of their 2 storey thing.
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For that price you can buy a bigger luxury house in South Africa with best sea views...https://www.property24.com/for-sale/camps-bay/cape-town/western-cape/11014/106641053 …
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If I was going to live in that neighborhood, I would rather buy a truck and an Airstream instead.
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You seriously need to consider a different place for your operations than CA. Texas? Tennessee? Nevada? All “no income tax” states, and much lower taxes in general. Oh, and that idea you had to house students? DOABLE.
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@xjoevincent what a bargain
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I’m upset lol
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A few hundred thousand more.....
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Holy shit. Over $1,000/sqft!?
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These have to be 5 year arms or some other weird jumbo product Totally insane, can nimbys really be holding development back this much?
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Nope. Usually all cash offers. It’s steps away from Apple, Google, Netflix, and Facebook.
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Every listing sells at least 10% above asking. Gotta look for houses 15% lower than you can afford if you want a chance to win the bid.
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