General Discussion

damnedifIknow

(3,183 posts) Fri Sep 25, 2015, 11:22 PM Sep 2015

This is what a $350,000 house in San Francisco looks like [View all]

?quality=80&w=728&h=485&crop=1

According to the broker, it’s the cheapest home on the market in San Francisco, and it’s an unlivable shack.

It is a worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.

Located at 16 De Long Street in the (slightly) more affordable Outer Mission district, the house’s price is a reflection of the skyrocketing real estate market in San Francisco. Since 2012, the city has seen a 103% increase in median housing prices; this month, that figure stands at $1.35 million.

According to realtors Brian Tran and Alexander Han, the shack is “the cheapest home listed in San Francisco.”

http://fortune.com/2015/09/25/san-francisco-cheapest-home/?xid=yahoo_fortune

57 replies

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This is what a $350,000 house in San Francisco looks like [View all] damnedifIknow Sep 2015 OP

If you ain't got the jack, House of Roberts Sep 2015 #1

A little tlc is all it needs damnedifIknow Sep 2015 #2

If you don't have the bread, Arugula Latte Sep 2015 #52

Damn, around here they would just tear that down and sell the lot for 5 grand so you... Humanist_Activist Sep 2015 #3

The lot is what's worth $350K. MohRokTah Sep 2015 #4

Damn, that's insane. I guess I'm lucky, living in one of the more reasonable markets for real... Humanist_Activist Sep 2015 #6

Yes, it's the lot value. Gormy Cuss Sep 2015 #55

Cheapest house in SF damnedifIknow Sep 2015 #7

Yeah, talk about a fixer Warpy Sep 2015 #14

So how do you make fewer people want to live in SFO? Recursion Sep 2015 #21

Well, San Franscisco is geographically constrained, so not much room to expand and lower land... Humanist_Activist Sep 2015 #25

There's plenty of room up Recursion Sep 2015 #29

Vertical building is already happening in SOMA and other parts of downtown. Gormy Cuss Sep 2015 #53

Prices like that keep me in rural NC. /s/nt NCjack Sep 2015 #5

I am in Guilford Co. Kelvin Mace Sep 2015 #9

My wife, Yellow Lab and I live in Lee County. We got the last of the NCjack Sep 2015 #45

Yep Kelvin Mace Sep 2015 #49

My place cost a fifth of what that place does Warpy Sep 2015 #15

Just made my first trip out to NM, to visit an artist pal. He's a refugee from "higher rents" too. villager Sep 2015 #26

Just be aware it's an extremely poor state and there's no water Warpy Sep 2015 #27

Hey, I'm in California -- there's no water here, either! villager Sep 2015 #39

I'll be out in NM next month PasadenaTrudy Sep 2015 #44

And 350 in Kansas will buy a significant home pipoman Sep 2015 #8

A national minimum wage isn't a joke. RichVRichV Sep 2015 #24

The median wage in Mississippi is about $11/hour Recursion Sep 2015 #30

Where? pipoman Sep 2015 #34

I was in Minot ND this summer forthemiddle Sep 2015 #40

Yep there are pockets around for sure... pipoman Sep 2015 #51

That lot is perhaps 1/25th of an acre Travis_0004 Sep 2015 #10

This is about $350,000 in my area... CoffeeCat Sep 2015 #11

my house was 200K, 5 bedroom 3 bath 3400 sq feet snooper2 Sep 2015 #41

Stunning! CoffeeCat Sep 2015 #57

I can't believe there IS a house in SF for $350,000. senseandsensibility Sep 2015 #12

The lot is tiny. Recursion Sep 2015 #31

Perfect size for a tiny house. Baitball Blogger Sep 2015 #13

Agree... Deuce Sep 2015 #50

disgusting excess is killing our country Marrah_G Sep 2015 #16

I bid $351,000.! nt TeamPooka Sep 2015 #17

The floor is nice and level. Good selling point there. Monk06 Sep 2015 #18

That's somewhat true. But the problem with housing in S.F. is truedelphi Sep 2015 #28

Meanwhile.... Spitfire of ATJ Sep 2015 #19

A house with just two floors, but thousands of stories. alphafemale Sep 2015 #38

The foundation is fine. Someone did the porch on the cheap.... Spitfire of ATJ Sep 2015 #43

More people want to live in SFO than there is housing for Recursion Sep 2015 #20

This is an "investment opportunity". Imagine the price in five years. Midnight Writer Sep 2015 #22

California real estate is expensive. I'm in LibDemAlways Sep 2015 #23

The housing market is a scam, Shankapotomus Sep 2015 #32

That house isn't worth 20 bucks madokie Sep 2015 #33

Message auto-removed Name removed Sep 2015 #35

I visited my cousin in his new 550 square foot condo apartment... meaculpa2011 Sep 2015 #36

And a freeway right behind those BART tracks Brother Buzz Sep 2015 #42

350 gets you marsh front in savannah n2doc Sep 2015 #37

I have a partially finished garage the looks bigger than that jwirr Sep 2015 #46

Apparently it's an old post-quake shack from 1906 Recursion Sep 2015 #47

That's why so many people are moving to Texas...... clarice Sep 2015 #48

Not in Austin, TX. Texasgal Sep 2015 #54

Check this out: Texasgal Sep 2015 #56