Teh One Who Knocks
02-10-2020, 11:21 AM
Mary Meisenzahl - Business Insider
https://i.imgur.com/vvfxS2dl.jpg
San Francisco is famously expensive, and this parking space selling for $100,000 is nearly half the cost of the average US home.
This parking spot in San Francisco's South Beach neighborhood has been listed since mid-December, and the price isn't necessarily outlandish. Realtor Bill Williams told SFGate that another space in the same garage sold for $90,000 in November.
In the listing, Williams emphasizes the prime location of the spot. " Great parking spot for investor clients, 1 block from the ballpark!" The listing also starts out with a call to "PARK YOUR MONEY." "It's a safe place to park your money," Williams told SFGate. "It could be a nice hedge against the stock market dropping."
Spot 140 in the garage could be a sound investment, given that the current owners rent that space out for $300 a month.
And, in case the buyer somehow thinks they've found the deal of the century for an apartment, the listing clarifies "To be clear: This is for a PARKING SPACE ONLY."
https://i.imgur.com/vvfxS2dl.jpg
San Francisco is famously expensive, and this parking space selling for $100,000 is nearly half the cost of the average US home.
This parking spot in San Francisco's South Beach neighborhood has been listed since mid-December, and the price isn't necessarily outlandish. Realtor Bill Williams told SFGate that another space in the same garage sold for $90,000 in November.
In the listing, Williams emphasizes the prime location of the spot. " Great parking spot for investor clients, 1 block from the ballpark!" The listing also starts out with a call to "PARK YOUR MONEY." "It's a safe place to park your money," Williams told SFGate. "It could be a nice hedge against the stock market dropping."
Spot 140 in the garage could be a sound investment, given that the current owners rent that space out for $300 a month.
And, in case the buyer somehow thinks they've found the deal of the century for an apartment, the listing clarifies "To be clear: This is for a PARKING SPACE ONLY."