Think we’re living in a housing bubble and mortgage crisis? Sure we do. But what’s more, we’re living in a “you gotta be fucking shitting me” real estate environment. Take this property for example - it’s a fixer-upper, the seller says. It’s got one bedroom and a bathroom (showerhead over tub). It’s got a garage. And it’s in one of those not-so-ritzy neighborhoods of San Francisco.
“So,” you ask, “Jonas. Pray tell. What will this property sell for? Over here, in Anytown U.S.A. we’re getting gouged for close to $200k for something even as small as this.”
Not so, I tell you. You see, this is San Francisco. Home of the mother of all “you gotta be fucking shitting me” real estate environments. Over here, such a place will run you $429,000.
“Wow, that’s a lot of money,” you exclaim. And I’d agree with you. Only, well, that’s not all. If you thought that $500k for a 1BR/1BA is a case of holy-crap-ness, do I have news for you. Here’s what those $500 buy you. Read on after the fold for some images and a link. Really, sit down and think about this before you click. $500, one BR one BA. This thing better have golden statues squirting microbrewery beer and expensive wine from their nipples day in and night out.
You ready?
Clicky.
The Kitchen - I am sure the owner was a health fanatic. I am not so sure (and don't want to know) what that thing hanging from the ceiling is, there.
As you can tell from this first introduction, the house is a bit of a fixer-upper. Its Redfin listing doesn’t show the address as of right now (this might change, sometimes it takes a while to update on Redfin), but the URL is pretty self-explanatory. Checking Google Maps, I found this: Google Maps Terrain View
which would go well with the image here:
Living Room / Garage
Writes the agent:
This is a conservatorship sale subject to court confirmation. Fixer upper. Enter at your own risk. 50 x 100 lot with small home and older garage. Property to be delivered as is, loaded with the personal property and effects of the decedent left in place. Some view toward south bay.
“Personal propery and effects” there are, allright. Hazardous waste might be a bit closer to the truth. And do I really want to know what the decedent deceased from?
Bath
Well, we might never know what he or she died from - but I think we found where they died. I’ll leave you with one more image.
Garage / Living Room
Before you head out, think about this again. $500k - the price of a 13-room southern villa in some suburbs of Chicago or Dallas, for this?
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Man. Sucks to be buying right now I guess. My house was around $400K and I got 1.5 acres and this:
http://flickr.com/photos/joi/sets/1570965/
On the other hand, our economy in Japan is shit… Unlike yours. kek.
Actually wait… 1 acre, not 1.5. But in retrospect, my place isn’t cheap. Your place is crazy.
When are you moving in?
Found something for half the price, three times the size, and without dead people in bathtubs. Oh, and it had a yard that is unobstructed by plywood: http://www.flickr.com/photos/jluster/sets/72157606738916957/
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