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Discounted SF condo?

Overheard one of my classmates saying that she and her boyfr...
Filthy pocket flask
  02/16/16
mold
Aphrodisiac Voyeur
  02/16/16
...
Appetizing deranged church building immigrant
  02/16/16
So the publicly recorded selling price is 1.5MM, but the dev...
Filthy pocket flask
  02/16/16
...
Appetizing deranged church building immigrant
  02/16/16
Bro. I respect your opinion on equities but your viewpoints ...
Razzle Khaki Gas Station
  02/16/16
...
Appetizing deranged church building immigrant
  02/16/16
still 5x over its IPO price, still minting money, and still ...
Razzle Khaki Gas Station
  02/16/16
...
Appetizing deranged church building immigrant
  02/16/16
lol, sensitive much? you didnt even know what BMR was and yo...
Razzle Khaki Gas Station
  02/16/16
...
Razzle Khaki Gas Station
  07/28/16
...
Razzle Khaki Gas Station
  01/17/17
...
Razzle Khaki Gas Station
  03/25/17
...
Razzle Khaki Gas Station
  06/04/17
I always disagree with this guy, but he's probably right on ...
arrogant 180 crackhouse turdskin
  02/16/16
sure. in 2016 the internet mattress companies will crash (ke...
Razzle Khaki Gas Station
  02/16/16
...
Razzle Khaki Gas Station
  03/25/17
still on track
Razzle Khaki Gas Station
  12/13/19
i was way the fuck off on calling this crash fwiw, but right...
Razzle Khaki Gas Station
  04/21/21
????
Razzle Khaki Gas Station
  11/13/17
?????
Razzle Khaki Gas Station
  11/30/17
...
Appetizing deranged church building immigrant
  11/30/17
Except, no you wouldn't? You were talking out your ass a...
Razzle Khaki Gas Station
  11/30/17
...
Appetizing deranged church building immigrant
  11/30/17
ty
Razzle Khaki Gas Station
  11/30/17
...
Filthy pocket flask
  02/16/16
BMR unit. they can't sell it on the open market/there are co...
azure geriatric school cafeteria degenerate
  02/16/16
...
Appetizing deranged church building immigrant
  02/16/16
buying the foreclosed property from squatters. the squatter...
Big Pontificating Ticket Booth Idea He Suggested
  02/16/16
Broom closet in the FiDi work for you?
self-absorbed bawdyhouse nowag
  02/16/16
...
Razzle Khaki Gas Station
  05/16/16
the foundation of the building is sinking into the earth and...
Aphrodisiac Voyeur
  11/30/17


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Date: February 16th, 2016 11:53 AM
Author: Filthy pocket flask

Overheard one of my classmates saying that she and her boyfriend are buying a condo in SF. Allegedly, it is in a new building and would ordinarily cost $1.5 million, but they are getting it for $600,000 due to some "discount." The whole thing sounded fishy to me. Is there some special program that provides condos at 60% discounts?

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842190)



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Date: February 16th, 2016 11:58 AM
Author: Aphrodisiac Voyeur

mold

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842223)



Reply Favorite

Date: February 16th, 2016 12:01 PM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842241)



Reply Favorite

Date: February 16th, 2016 12:04 PM
Author: Filthy pocket flask

So the publicly recorded selling price is 1.5MM, but the developer actually gets 600k? LOL, sounds like something that a developer would do.

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842267)



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Date: February 16th, 2016 12:12 PM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842308)



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Date: February 16th, 2016 12:14 PM
Author: Razzle Khaki Gas Station

Bro. I respect your opinion on equities but your viewpoints on tech are silly. Stick to investing advice

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842319)



Reply Favorite

Date: February 16th, 2016 12:18 PM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842348)



Reply Favorite

Date: February 16th, 2016 12:21 PM
Author: Razzle Khaki Gas Station

still 5x over its IPO price, still minting money, and still paying first year college grads $200-250k

again, stick to investing advice and not geographic specific industry/housing advice

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842362)



Reply Favorite

Date: February 16th, 2016 12:24 PM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842383)



Reply Favorite

Date: February 16th, 2016 1:00 PM
Author: Razzle Khaki Gas Station

lol, sensitive much? you didnt even know what BMR was and you are commenting on condo prices like an expert. as ive said, i think you know your shit for investing, but not necessarily other topics. i'm familiar with tech and bay area housing, and i've predicted the bubble popping/contraction for a long time on xo. That said, i'm happy to take your gauntlet

If you can find an example of a san francisco condo that was previously worth $1.5M going for $600k on the open market by december 31, 2016, i will send you $100 worth of bitcoin. if you havent found one, you send me $100. i'll even widen the range - anything that was worth $1M going for $400k, or up to $2M going for 800k. For ease of use, even though they are inaccurate you can use a zillow/redfin type value tracker.

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842632)



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Date: July 28th, 2016 2:59 PM
Author: Razzle Khaki Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#31052294)



Reply Favorite

Date: January 17th, 2017 2:15 PM
Author: Razzle Khaki Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#32393047)



Reply Favorite

Date: March 25th, 2017 11:45 AM
Author: Razzle Khaki Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#32913536)



Reply Favorite

Date: June 4th, 2017 12:02 PM
Author: Razzle Khaki Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#33469547)



Reply Favorite

Date: February 16th, 2016 1:01 PM
Author: arrogant 180 crackhouse turdskin

I always disagree with this guy, but he's probably right on this.

Think about this: how much of facebook's revenue comes from companies that will not exist in 3 years (eg internet mattress companies)? The whole social media ecosystem is like a house of cards.

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842644)



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Date: February 16th, 2016 1:17 PM
Author: Razzle Khaki Gas Station

sure. in 2016 the internet mattress companies will crash (keep talking shit about tuft and needle btw). in 2017 fb and similar companies will reporting revenues dipping. in 2018 they may not hire as many engineers and/or cut prices. in 2019 housing prices/market will contract (very unlikely to be by 60% - the $1.5M condo will probably be $1M). in 2020 the next economic boom will be here and the next FB will pay engineers $350k/year out of college. in 2021 the condo will be $2.5M. then in 2025 things will crash agian.

(obviously this is exagerrated, but you get the gist)

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842737)



Reply Favorite

Date: March 25th, 2017 11:46 AM
Author: Razzle Khaki Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#32913538)



Reply Favorite

Date: December 13th, 2019 11:04 AM
Author: Razzle Khaki Gas Station

still on track

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#39259403)



Reply Favorite

Date: April 21st, 2021 6:27 PM
Author: Razzle Khaki Gas Station

i was way the fuck off on calling this crash fwiw, but right on the long term call!

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#42324973)



Reply Favorite

Date: November 13th, 2017 10:56 PM
Author: Razzle Khaki Gas Station

????

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34681252)



Reply Favorite

Date: November 30th, 2017 11:33 AM
Author: Razzle Khaki Gas Station

?????

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34805468)



Reply Favorite

Date: November 30th, 2017 11:36 AM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34805490)



Reply Favorite

Date: November 30th, 2017 11:38 AM
Author: Razzle Khaki Gas Station

Except, no you wouldn't?

You were talking out your ass and made a stupid prediction, just own it and move on.

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34805500)



Reply Favorite

Date: November 30th, 2017 11:40 AM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34805511)



Reply Favorite

Date: November 30th, 2017 11:41 AM
Author: Razzle Khaki Gas Station

ty

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34805520)



Reply Favorite

Date: February 16th, 2016 11:57 AM
Author: Filthy pocket flask



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842211)



Reply Favorite

Date: February 16th, 2016 12:00 PM
Author: azure geriatric school cafeteria degenerate

BMR unit. they can't sell it on the open market/there are controls on how much they can resell it for later. shockingly, you can make six figs and still qualify for 'below market rate' housing in this shithole.

http://www.sf-moh.org/index.aspx?page=268

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842231)



Reply Favorite

Date: February 16th, 2016 12:01 PM
Author: Appetizing deranged church building immigrant



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842246)



Reply Favorite

Date: February 16th, 2016 12:00 PM
Author: Big Pontificating Ticket Booth Idea He Suggested

buying the foreclosed property from squatters. the squatters don't actually hold title, but with only 5 more years of living there and paying taxes, they have an adverse possession claim if the bank doesn't notice.

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842233)



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Date: February 16th, 2016 1:12 PM
Author: self-absorbed bawdyhouse nowag

Broom closet in the FiDi work for you?

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#29842708)



Reply Favorite

Date: May 16th, 2016 4:57 PM
Author: Razzle Khaki Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#30491581)



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Date: November 30th, 2017 11:36 AM
Author: Aphrodisiac Voyeur

the foundation of the building is sinking into the earth and therefore the condo's floor is slightly tilted

(http://www.autoadmit.com/thread.php?thread_id=3132528&forum_id=2#34805488)