A San Francisco Real Estate Game
...
Let's play a fun guessing game. I'll tell you a few definitions, and then you, loyal blog readers can do some guessing.
First definition:
Single family home.
A dwelling that is neither a condo, nor divided up into multiple apartments. A house.
Second definition:
Average price.
If you add up the total dollar amount of all sales, and then divide that number by the number of sales, you've got the average price. (Average price is not the same as median price.)
Okay, then....is everyone ready to play?
If you try to find this out by Googling, you are CHEATING. I want people to make a random guess.
We'll give you a little hint:
We are not considering buying a house in San Francisco.
Let's play a fun guessing game. I'll tell you a few definitions, and then you, loyal blog readers can do some guessing.
First definition:
Single family home.
A dwelling that is neither a condo, nor divided up into multiple apartments. A house.
Second definition:
Average price.
If you add up the total dollar amount of all sales, and then divide that number by the number of sales, you've got the average price. (Average price is not the same as median price.)
Okay, then....is everyone ready to play?
What would you guess the average price is,
right now, for a single family home in San Francisco?
right now, for a single family home in San Francisco?
If you try to find this out by Googling, you are CHEATING. I want people to make a random guess.
We'll give you a little hint:
We are not considering buying a house in San Francisco.
Jello model of San Francisco by artist Liz Hickok.
Comments
I did not cheat, btw, so I am going to guess $400k
Tell uys where you're writing from, please.
Cheers!
Rhea
- Spencer
But I suppose the answer is "More money than you think you can afford".
Don't worry about it. I suggest you take what money you got and put it in this energy company I heard about called Enron. Or wait, this guy named Bernie Made-off sounds like a reliable investment!
In all honesty, your best bet is to put any $ in an account and let it grow until you need it. California is pretty expensive for a place about to drop off into the ocean, eh?
By the way, I almost bought a CITY BLOCK in Detroit last month for $1,000. NO SHIT. Also, you can get a fallen down house in Hamtramac- Detroit, Michigan for $50 if you want to be raped in your sleep.
Annalisa
So?? Am I close??
Off to Google.....
We're talking single family homes, but I don't think that necessarily means detached houses. I'm pretty sure that this would include townhomes or rowhouses.
Old Blue and I haven't moved very much in our lives. I have always been the one to initiate moving (Old Blue believing that in his personal 'hell', he'll be loading a huge van and schlepping boxes), insisted on it in fact. EVERY time, he has thought we couldn't afford the house. EVERY time, we easily afforded it--OK, after a few months of tightening our belts just a little. EVERY time, we increased our 'net worth'- even in this economy we're WAY ahead.
Don't be afraid. Do your homework and be smart about the one you choose, then, get the one that speaks to you.
~~Doublesaj~~
And for Doublesaj...we've had the exact same experience with both of our home purchases to date. No more planned for the future either!
Stacey
WyndRyders
~speedsquare
I'm in the Santa Cruz mtns. We just re-financed, so the bank did a walk through to reassess the value of our 2 bd 1 ba, 875 sq ft single family home. We came in at $450,000.
that is not a single-family home. not even close.
also, that's the AVERAGE price. yikes.
good luck in oakland!