3 ms·

No it's not. You're comparing State to City. A $2M house in Bay Area is a $700k house in Detroit Metro area.

brailsafe 7y ago
I'd believe the parent, but have a different example. The difference between Toronto or Vancouver and Winnipeg. Vancouver you're looking at 1.5m at the low end and 300k in A Winnipeg for a nice one level. $600k in Van for a 1 bdr condo in the suburbs. Not to say I'd take the trade, but comparison is crazy
bradlys 7y ago
I'm not sure where you're getting that notion? Maybe if you're comparing a $2M home in east bay? In the peninsula, a $2M home just gets you a decent neighborhood. The home itself is meh. House I'm in has never been updated and is from the 1930's. It's about $1.7m. 1000sqft with 400sqft in-law unit. 4000sqft lot. https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carlos-CA-94070/15557620_zpid/ https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carl... (San Carlos - under the radar suburb in the bay area) https://www.zillow.com/homedetails/811-Longfellow-St-Detroit-MI-48202/88192445_zpid/ https://www.zillow.com/homedetails/811-Longfellow-St-Detroit... (Second most expensive home between 2k-2.7k square feet in detroit)
- segmondy 7y ago
  https://www.realtor.com/realestateandhomes-detail/1683-Newcomb-Ave_San-Francisco_CA_94124_M28192-74161?view=qv https://www.realtor.com/realestateandhomes-detail/1683-Newco... 5 bed, 6 bath, 2900sq ft. $1.6 mil recently renovated, all around, with a private backyard. 1683 Newcomb Ave, San Francisco, CA 94124
  - bradlys 7y ago
    It's a rental property. It was built up to maximize profitability in flipping. It was burned down or something some years back. Previous owners probably took the cash from it going down, sold the rest, moved away, and then someone bought it, rebuilt it, and made a shit load. https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Francisco,+CA+94124/@37.7360769,-122.3913173,3a,75y,233.3h,90t/data=!3m6!1e1!3m4!1sXEH856_6FEF3Q2UfXikbQA!2e0!7i13312!8i6656!4m5!3m4!1s0x808f7f05a2acfad7:0x79ca07177f63a45f!8m2!3d37.7359772!4d-122.3915587 https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Fran... No one would own it to live in now. The neighborhood is not good and is why it's priced accordingly. It's an investment/rental property.
    - jkubicek 7y ago
      Also, Bay Area homes in expensive areas (PA, SF, Berkely, etc) tend to sell for far over their list price. I wouldn’t be surprised at all if this particular listing went for $1MM over list.

I'd believe the parent, but have a different example. The difference between Toronto or Vancouver and Winnipeg. Vancouver you're looking at 1.5m at the low end and 300k in A Winnipeg for a nice one level. $600k in Van for a 1 bdr condo in the suburbs. Not to say I'd take the trade, but comparison is crazy

bradlys 7y ago

I'm not sure where you're getting that notion? Maybe if you're comparing a $2M home in east bay? In the peninsula, a $2M home just gets you a decent neighborhood. The home itself is meh. House I'm in has never been updated and is from the 1930's. It's about $1.7m. 1000sqft with 400sqft in-law unit. 4000sqft lot. https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carlos-CA-94070/15557620_zpid/ https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carl... (San Carlos - under the radar suburb in the bay area) https://www.zillow.com/homedetails/811-Longfellow-St-Detroit-MI-48202/88192445_zpid/ https://www.zillow.com/homedetails/811-Longfellow-St-Detroit... (Second most expensive home between 2k-2.7k square feet in detroit)

segmondy 7y ago
https://www.realtor.com/realestateandhomes-detail/1683-Newcomb-Ave_San-Francisco_CA_94124_M28192-74161?view=qv https://www.realtor.com/realestateandhomes-detail/1683-Newco... 5 bed, 6 bath, 2900sq ft. $1.6 mil recently renovated, all around, with a private backyard. 1683 Newcomb Ave, San Francisco, CA 94124
- bradlys 7y ago
  It's a rental property. It was built up to maximize profitability in flipping. It was burned down or something some years back. Previous owners probably took the cash from it going down, sold the rest, moved away, and then someone bought it, rebuilt it, and made a shit load. https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Francisco,+CA+94124/@37.7360769,-122.3913173,3a,75y,233.3h,90t/data=!3m6!1e1!3m4!1sXEH856_6FEF3Q2UfXikbQA!2e0!7i13312!8i6656!4m5!3m4!1s0x808f7f05a2acfad7:0x79ca07177f63a45f!8m2!3d37.7359772!4d-122.3915587 https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Fran... No one would own it to live in now. The neighborhood is not good and is why it's priced accordingly. It's an investment/rental property.
  - jkubicek 7y ago
    Also, Bay Area homes in expensive areas (PA, SF, Berkely, etc) tend to sell for far over their list price. I wouldn’t be surprised at all if this particular listing went for $1MM over list.