Whenever I'm travelling, I always read the rental and real estate section in the local papers to get a feel for the local market. When I visited San Francisco in 2004, the only thing more mindblowing in the Chronicle than the prices of 2 bedroom condos were the monthly rentals of equivalent sized apartments. Mind you, this was just before Edmonton and Calgary started to go completely insane, and I had to recalibrate my internal real estate-o-meter. I'm still adjusting to the fact that my sleepy little oil town not far south of the Arctic Circle is now in the million-dollar condo zone.
Regardless, there's a great factoid printed on the ever-irrascible WC Varones' Blog pointing to a "real fixer-upper" that won't last long!*
WC Varones: Everything you need to know about Bay Area real estate
Boarded-up crack house on tiny lot in horrible neighborhood: $349,900.
I haven't yet been able to top that story with anything going on here, but give it a couple of weeks and we'll see.
*take that in any sense you choose. If that's too subtle for you, think "Board of Health" and "bulldozer" and you'll see where I'm coming from.
Monday, May 14, 2007
Bay Area Bargain! $349,900 for a crack den!
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1 comment:
That's only $383,071.96 in Canuck Bucks.
I had no idea our dollar was doing THAT well.
Understanding this kind of real estate market requires a personal perspective available only through the powers of mescaline.
"Better Business Through Chemistry"
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