According to a survey, people living in the Bay area in San Francisco make the most money but if consider the living costs of the area, you’d think you are better off not living there. If you want to get a house in San Francisco, the cheapest one will cost you $4,99,000, and it is uninhabitable.
You have to be really rich to have a half a million dollars and still poor enough to not be able to buy a house in San Francisco. Well, you can buy one, but you can’t live there.
The median price for a detached home in San Francisco if $1.15 million and the median rent is $4,000, that is according to the Zillow real estate experts. So you have to be earning really good money to be able to buy or even rent a house in the area. The cheapest house in the Excelsior District costing about half a million dollars would be a golden offer if only you could live in it.
Curbed listed the 1916 house at 167 Maynard as the lowest price single-family home in San Francisco. The house features three bedrooms and one bath along with a living space of 1,400 square feet. That is good enough, no? Do not just assume that before you look at the photos.
The house caught a fire in 2015 and was pretty much destroyed. You will not even find a roof on half the house and well the rest of it is just bits and pieces of broken stuff that make you wonder how that haunted house is still standing. If you make the mistake of buying half a million worth of a house wreck, you will have to tear down the entire thing and rebuild from the ground up. Renovating the house does not sound like much of a sensible solution, actually buying the wreck makes no sense at all either.
You might not even get to buy this ruin for the price that is listed. According to Curbed, the former cheapest house in the city by the Bay was also listed for the same price, but some crazy person ended up buying it for $762,000. That is an average person’s crazy without a doubt.
Have a closer look at the insides of the house: