I have seen some insanity here in 92104 in the last four years, but 800K for the stucco house across the street just plain got me angry. The sellers paid 650K for it two year ago, and when they listed it for sale in May I thought they’d be lucky to get what they paid for it. Low and behold, 805K!!!
We are renting an equivalent home for 1995/month. Most of the people on this block paid about 150K for these homes 10 years ago. When are buyers going to catch on that 500-800K for these homes is insane? Our next door neighbor (who bought his home 7 years ago) says we should buy because interest rates are so low. Duh?
Some parts of Normal Heights are even worse than North Park. There’s some funky streets/yucky houses in 92116 too.
