Comments on: Look at this sign I saw in San Francisco http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sat, 20 Mar 2010 19:43:59 -0700 http://wordpress.org/?v=abc hourly 1 By: outwiththejive http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-11063 outwiththejive Wed, 11 Apr 2007 15:35:50 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-11063 Eugene, I hope you don't honestly believe that housing prices are based solely in the realm of economic function (supply and demand). Sorry to inform you, but there are a few points that oppose such a view. First, real estate agents (even buyers' agents) are paid commission as a percentage of the final sales price of a house. What motivation do any of them have to sell for a low price? Not much. (Note: by this comment I AM NOT deriding agents in any way. Many of them are wonderful people and do good work. I'm simply addressing their method of payment for services) Second, subprime lending (as we all have read in the news by now) has allowed good people with poor credit to purchase (not afford) homes at much higher prices. Unfortunately for many, they were unaware that they could be approved for much more house than could be reasonably afforded, and purchased up to their maximum limits. This, of course, continues to drive up prices and may be based on supply/demand, but isn't rational in nature. Eugene, I hope you don’t honestly believe that housing prices are based solely in the realm of economic function (supply and demand). Sorry to inform you, but there are a few points that oppose such a view. First, real estate agents (even buyers’ agents) are paid commission as a percentage of the final sales price of a house. What motivation do any of them have to sell for a low price? Not much. (Note: by this comment I AM NOT deriding agents in any way. Many of them are wonderful people and do good work. I’m simply addressing their method of payment for services) Second, subprime lending (as we all have read in the news by now) has allowed good people with poor credit to purchase (not afford) homes at much higher prices. Unfortunately for many, they were unaware that they could be approved for much more house than could be reasonably afforded, and purchased up to their maximum limits. This, of course, continues to drive up prices and may be based on supply/demand, but isn’t rational in nature.

]]> By: Thor http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-11061 Thor Wed, 11 Apr 2007 15:09:26 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-11061 The prices are funny to anyone who realizes just how big the mortgage payments would be on that loan. But what is even more funny is the fact that these prices are for property yet to be built. Anyone want to throw down half a million site unseen? Now that's funny. The prices are funny to anyone who realizes just how big the mortgage payments would be on that loan. But what is even more funny is the fact that these prices are for property yet to be built. Anyone want to throw down half a million site unseen? Now that’s funny.

]]> By: Binkley http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-10940 Binkley Tue, 10 Apr 2007 18:50:06 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-10940 @Terry: There are bad / "ghetto" neighborhoods in SF just like any other big city. @Terry:

There are bad / “ghetto” neighborhoods in SF just like any other big city.

]]> By: Eric http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-10938 Eric Tue, 10 Apr 2007 18:25:42 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-10938 The sad thing is that these prices looked really reasonable to me. It took me a while (getting out of the California box) to realize that these prices would be funny to folks outside the state. The sad thing is that these prices looked really reasonable to me. It took me a while (getting out of the California box) to realize that these prices would be funny to folks outside the state.

]]> By: Terry http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-10913 Terry Tue, 10 Apr 2007 16:08:04 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-10913 I'm really curious, where to hamburger flippers and other unskilled workers live in SF? I’m really curious, where to hamburger flippers and other unskilled workers live in SF?

]]> By: EmptySet http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-3858 EmptySet Wed, 17 Jan 2007 01:35:19 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-3858 #35: I saw that at first too (I assume you're talking about the plural "s" on 1 bedroom). But, it is indeed correct grammar, because the "s" refers to apartments. As in "We have 1-bedroom apartments for rent." Sorry, I'm a grammar nazi. #35: I saw that at first too (I assume you’re talking about the plural “s” on 1 bedroom). But, it is indeed correct grammar, because the “s” refers to apartments. As in “We have 1-bedroom apartments for rent.” Sorry, I’m a grammar nazi.

]]> By: RJ http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-3857 RJ Tue, 02 Jan 2007 17:04:17 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-3857 Cheap by Manhattan standards for Luxury new construction. A One Bedroom at 240 Park Avenue in Manhattan is going for...$1.4m! Cheap by Manhattan standards for Luxury new construction. A One Bedroom at 240 Park Avenue in Manhattan is going for…$1.4m!

]]> By: Marcus http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-3856 Marcus Mon, 01 Jan 2007 15:51:00 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-3856 Is a guaranteed parking spot included in that price? Is a guaranteed parking spot included in that price?

]]> By: L http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-3855 L Sun, 24 Dec 2006 20:03:37 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-3855 so you don't notice the "1 bedrooms" ? bedrooms ... rooms ... sss ... or not? so you don’t notice the “1 bedrooms” ?

bedrooms … rooms … sss …

or not?

]]> By: anacoluthia http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco/comment-page-1/#comment-3854 anacoluthia Fri, 22 Dec 2006 21:41:01 +0000 http://www.iwillteachyoutoberich.com/blog/look-at-this-sign-i-saw-in-san-francisco#comment-3854 oh, honey, that's nuthin. I lived on Wisconsin Ave in DC up through July. In June 2005, when I moved into the building, there was a condo building going up across the street with a banner strewn across the front: "Luxury Condos from the Mid-$700's." About 5 months I was coming home I noticed a subtle change: "Luxury Condos from the Low-$800's" Amazing! The price went up 50k and they weren't even finished yet. oh, honey, that’s nuthin. I lived on Wisconsin Ave in DC up through July. In June 2005, when I moved into the building, there was a condo building going up across the street with a banner strewn across the front: “Luxury Condos from the Mid-$700’s.” About 5 months I was coming home I noticed a subtle change: “Luxury Condos from the Low-$800’s” Amazing! The price went up 50k and they weren’t even finished yet.

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