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Penthouse Atop San Francisco’s Millennium Tower Asks $14 Million
WSJ ^ | 15 May 2023 | Katherine Clarke

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 ...


TOPICS: Chit/Chat; Humor
KEYWORDS: tilt
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Such a deal!

Plumbbob is not included. But if the toilet is sloshing to one side, could be a bad sign.

1 posted on 05/19/2023 8:55:13 AM PDT by DUMBGRUNT
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To: DUMBGRUNT

Full TXT:
https://archive.is/2l4PN


2 posted on 05/19/2023 8:56:19 AM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last messa)
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To: DUMBGRUNT

Does it come with parachutes? Or maybe a paraglider would be better


3 posted on 05/19/2023 8:57:12 AM PDT by Reno89519 (Anybody But Trump. Tired of Trump's Boorish Antics, Poor Hiring and Life Choices. We Can Do Better!)
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To: DUMBGRUNT

Rather cheeky of that penthouse!


4 posted on 05/19/2023 8:57:24 AM PDT by 9YearLurker
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To: DUMBGRUNT

I like the automatic organizing feature that stores all round objects on one side of the room.


5 posted on 05/19/2023 8:58:08 AM PDT by ArcadeQuarters (You can't remove RINOs by voting for them!)
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To: DUMBGRUNT

Is the can in the elevator?


6 posted on 05/19/2023 8:58:43 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: BenLurkin

“Is the can in the elevator?”

Most people in that town just use the sidewalk 😏


7 posted on 05/19/2023 8:59:59 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: DUMBGRUNT

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.


8 posted on 05/19/2023 9:00:52 AM PDT by dforest
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To: DUMBGRUNT

It’s not even worth $14m in Zimbabwe money!


9 posted on 05/19/2023 9:00:53 AM PDT by MeganC (There is nothing feminine about feminism. )
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To: DUMBGRUNT
So... $9.4M million in 2009 for empty space and another $9M building it out is listed for $14M.

They're unloading this before the value drops further.

10 posted on 05/19/2023 9:02:24 AM PDT by T.B. Yoits
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To: DUMBGRUNT

I’ll give Mr. Ramsey $14,000 for it, cash. No, wait, I won’t.


11 posted on 05/19/2023 9:04:23 AM PDT by HartleyMBaldwin
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To: DUMBGRUNT

Embrace the Suck, sucker!


12 posted on 05/19/2023 9:08:56 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: DUMBGRUNT

“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.


13 posted on 05/19/2023 9:15:36 AM PDT by lowbridge ("Let’s check with Senator Schumer before we run it" - NY Times)
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To: DUMBGRUNT

That’s a long ride down when the next big earthquake hits SF.


14 posted on 05/19/2023 9:15:48 AM PDT by fidelis (👈 Under no obligation to respond to rude, ignorant, abusive, bellicose, and obnoxious posts.)
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To: DUMBGRUNT

15 posted on 05/19/2023 9:19:49 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: BenLurkin

It is, in the San Francisco train stations I visit.


16 posted on 05/19/2023 9:22:00 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: DUMBGRUNT

When the ‘Big One’ hits, perhaps it will level it out. Or level the whole building.

https://youtu.be/MhtgHrU7TKM


17 posted on 05/19/2023 9:25:34 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you. )
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To: DUMBGRUNT

Is that above the smell of the human feces?


18 posted on 05/19/2023 9:52:11 AM PDT by Delta 21 (MAGA Republican is my pronoun.)
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To: T.B. Yoits

Before the value drops further. That’s one of those puns not intended.


19 posted on 05/19/2023 9:53:42 AM PDT by webheart
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To: ArcadeQuarters

—”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.


20 posted on 05/19/2023 10:02:35 AM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last messa)
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