Posted on 05/19/2023 8:55:13 AM PDT by DUMBGRUNT
Mr. Ramsey said he was well aware of the structural issues when he bought the penthouse, but was confident they could be resolved and felt it was an opportunity to take advantage of depressed prices. Since Mr. Perkins paid $9.4 million for the unit as raw space in 2009 and spent another $9 million building it out, Mr. Ramsey said, he felt he was getting a great deal.
...Now that the building is stabilizing, Mr. Ramsey said he expects the problems are largely over and that the building will draw new buyers. He said reports of rising crime and quality-of-life issues in San Francisco played little role in his decision to sell.
(Excerpt) Read more at wsj.com ...
Plumbbob is not included. But if the toilet is sloshing to one side, could be a bad sign.
Full TXT:
https://archive.is/2l4PN
Does it come with parachutes? Or maybe a paraglider would be better
Rather cheeky of that penthouse!
I like the automatic organizing feature that stores all round objects on one side of the room.
Is the can in the elevator?
“Is the can in the elevator?”
Most people in that town just use the sidewalk 😏
Nothing like looking down over a sea of stumbling drug addicts flailing around amidst filthy tents with trash, needles, poop, and urine.
14 Million? What a bargain. And the whole joint may topple over on all the beauty below.
It’s not even worth $14m in Zimbabwe money!
They're unloading this before the value drops further.
I’ll give Mr. Ramsey $14,000 for it, cash. No, wait, I won’t.
Embrace the Suck, sucker!
“Mr. Perkins paid $9.4 million for the unit as raw space in 2009 and spent another $9 million building it out, Mr. Ramsey said, he felt he was getting a great deal.”
Anyone investing in real estate in blue cities are just asking for trouble.
That’s a long ride down when the next big earthquake hits SF.
It is, in the San Francisco train stations I visit.
When the ‘Big One’ hits, perhaps it will level it out. Or level the whole building.
Is that above the smell of the human feces?
Before the value drops further. That’s one of those puns not intended.
—”I like the automatic organizing feature that stores all round objects on one side of the room.”
Years ago I read of a mini putting green in a different building and something became off.
IIRC that building was demolished.
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