Posts Tagged ‘real estate’

Sign of the Times: “BUBBLE REAL ESTATE”

Wednesday, July 20th, 2016

I’d seen this before, but I hadn’t seen the actual sign:

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Still not sure how serious this venture is…

Historic Koshland Mansion, Frisco’s Most Expensive Listing, is Taken Over by HandyCam-Toting Skateboarders – Another Indignity at 3800 Washington

Wednesday, April 27th, 2016

For one brief shining moment, some thought Taylor Swift would buy this long-empty fixer-upper up in Presidio Heights.

Then there was the art-thieving squatter – he’s imprisoned now, AFAIK.

And now this is how things looked last week:

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I count five sk8tr boyz recording their tricks up there.

Look for the results on the YouTube.

Our poor, poor Koshland Mansion…

Frisco City Attorney Dennis Herrera Goes After Lem-Ray Properties and Broker Chuck Post Over Section 8 Voucher Discrimination

Wednesday, April 20th, 2016

Just released:

“Herrera seeks injunction to halt discrimination over Section 8 vouchers

City Attorney calls vouchers ‘an essential tool for many San Franciscans to access affordable housing—especially in crisis like the one we are currently experiencing’

SAN FRANCISCO (April 20, 2016)—City Attorney Dennis Herrera is seeking a tough, enforceable court order to prevent a residential landlord and an affiliated real estate broker from continuing to flout the law by refusing to honor Section 8 vouchers. The motion for preliminary injunction filed in San Francisco Superior Court yesterday would require defendants Lem-Ray Properties, an affiliate of the once-high-flying Lembi real estate empire, and broker Chuck Post to immediately stop their unfair and illegal conduct and comply with the law.

“Housing vouchers are an essential tool for many San Franciscans to access affordable housing—especially in crisis like the one we are currently experiencing,” said Herrera. “Lem-Ray Properties and their real estate broker’s refusal to rent to tenants who rely on these vouchers discriminates against low-income communities. It’s a terrible injustice at a time when city leaders are struggling desperately to preserve San Francisco’s economic, social and cultural diversity.”

The requested injunction follows a March 22 ruling by Judge Ronald E. Quidachay that denied the defendants’ bid to dismiss Herrera’s suit. The ruling affirmed San Francisco’s local law that prohibits landlords from refusing to rent to tenants who intend to use federal housing vouchers.

Section 8 vouchers—so named for Section 8 of the Federal Housing Act, and also known as the Housing Choice Voucher Program—are administered locally by the San Francisco Housing Authority. The program allows low-income families to secure housing in the private rental market by requiring qualifying renters to pay thirty percent of their income toward rent, with Section 8 vouchers covering the remainder. The vouchers impose no additional costs on landlords, and landlords’ refusal to accept them violates local law.

Lem-Ray is among the entities associated with the Lembi family’s once expansive CitiApartments-Skyline Realty empire, which Herrera sued in 2006 for an array of lawless business and tenant harassment practices involving at least 30 properties. The defendant, which is still subject to the 2011 civil injunction Herrera secured in his five-year litigation battle, is among the landlords memorably dubbed “the Scumlords” in an award-winning 2006 exposé by investigative reporter G.W. Schulz. Schulz won first-place honors from the California Newspaper Publishers Association in 2007 for his San Francisco Bay Guardian series on tenant mistreatment by the Lembis, who at the time were among the largest residential property owners in the city. Chuck Post, also named in Herrera’s civil suit, is a real estate broker whose ApartmentsinSF.com website and other online rental postings brazenly flouted local law by advertising that Section 8 vouchers would not be accepted as payment for Lem-Ray’s residential apartments.

Under San Francisco law, property owners and real estate agents are prohibited from refusing to accept federal, state, or local housing subsidies as a form of rental payment, or to indicate in rental advertisements that housing subsidies will not be accepted as payment. Post and Lem-Ray are both alleged to have violated the local law, according to Herrera’s complaint, together with provisions of the California Unfair Competition Law that prohibit unfair and unlawful business practices.

If successful, Herrera’s lawsuit could secure civil penalties against Lem-Ray Properties of up to $6,000 for each violation of its 2011 court order, and civil penalties against both defendants of $2,500 for each violation of the state Unfair Competition Law. Both defendants could also be liable for three times the amount of a single month’s rent in which the landlords charged for any unit in violation of the Police Code provision. Herrera is also seeking a permanent injunction against both parties to bar them from business practices in violation of state or local law.

The case is: City and County of San Francisco and People of the State of California v. Chuck M. Post, Lem-Ray Properties I DE, LLC et al., San Francisco Superior Court Case No. 548551, filed Oct. 21, 2015.”

Parkmerced Update: The “Townhomes” of Infamous “800 Summit” (“From the Low $1,000,000’s”) are the McMansions of Frisco

Monday, April 11th, 2016

Well Summit 800 has certainly been getting attention the past week.

(And I’ve commented earlier.)

So now let’s take a visit Way Down South, even souther and wester than Parkmerced, which everyone would agree is pretty far south and west already, and make the case that these condos / townhomes / whatever are the McMansions of Frisco.

So what’s a McMansion, big housing on a small lot?

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Well, you can’t get smaller lots than this, right? I mean, these places are abutting:

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And take a look at this wall, below – no windows, right? Are they going to put more condos / townhomes / whatever in later on to cover this up? I mean, nobody else has windows on the side. Anyway, this is your McMansion hallmark – such a small separation betwixt units that there’s no real use for windows on the side:

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“No City Limits” is the sign what’s mounted near the city limits, oddly. I mean this is the city limits, right?

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All right, take a look. (And I’ll add that I’m not saying these units are McMansions, I’m saying that they’re the McMansions of Frisco.)

“In U.S. suburban communities, McMansion is a pejorative term for a “mass-produced mansion”. An example of a McWord, “McMansion” associates the generic quality of these luxury homes with that of mass-produced fast food by evoking the McDonald’s restaurant chain.[1] The neologism “McMansion” seems to have been coined sometime in the early 1980s.[2] It appeared in the Los Angeles Times in 1990[3][4] and the New York Times in 1998.[5] Related terms include “Persian palace”,[6] “garage Mahal”, “starter castle”, and “Hummer house”

The term “McMansion” is generally used to denote a new, or recent, multi-story house of no clear architectural style,[8] which prizes superficial appearance, and sheer size, over quality.
Such very large, indeed expensive, but “mass produced” homes may sit on large lots: that is to say, an entire division of McMansions may be created (perhaps dozens or more at once), each on a large lot. However, in another usage “McMansion” is used pejoratively to refer to a house which replaced a smaller house, in a neighborhood of smaller houses, which seems far too large for its lot and thus crowds adjacent homes. (Indeed, such a McMansion may lack side windows due to the proximity to the boundaries – another McMansion-related cliché”

 

Using Photoshop to Market Blue Skies to Foreigners – Selling Summit 800 Condos/Townhomes Deep in the Fog Belt

Tuesday, April 5th, 2016

Well, here you go, it’s Summit 800, “from the low millions.”

It’s the talk of the town these days.

But Google “summit 800 san francisco” and all you see are highly uncharacteristic blue skies. Isn’t that odd? I mean, we’re deep in the Frisco Fog Belt down there in the lower left corner of SF County, right?

Anyway, these shots come up in the above search. Don’t these Honolulu-style cloud look familiar? Aren’t they exactly the same in both images? What are the odds of that?

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(Something’s gone wrong here!)

IDK, man. I just feel sorry for the out of towners buying these places.

Enjoy your fog, Newcomers!

Ed Lee’s Frisco, 2015: “I Heart SF, I Can’t Afford SF”

Tuesday, August 11th, 2015

$26:

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Get yours at DSF

Ah, the Glamour of Real Estate Sales: Catwalk-Ready But Schlepping Signs out of a Nissan on Arguello

Thursday, June 4th, 2015

Did NOT look happy.

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A Real Estate Empire Masquerading as an Art School – It’s AoA’s World, We’re Just Living In It…

Tuesday, May 5th, 2015

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Monet, bo-ney
Croquet, roset
Chimay, Sheneneh
KKK layaway stay away
Patti Mayonnaise, Doug Funnie
Brown bunny, money, money

Pay me, Baby
CCAC, S-C-A-D
Thats SCAD its really rad

Whats really rad, who’s really your dad
R-I-S-D, thats RISD

Toss the Frisbee, Cooper Union
Thats what I’m doin’, thats what I’m doin’
Toss the Frisbee, Cooper Union
Thats what I’m doin’, thats what I’m doin’

Pratt, SVA
Fozzie wakka wakka like lady esé
Pratt, Pratt, SVA
Fozzie wakka wakka like lady esé

Disturbia: Trail of “Bloody” Footprints on Hayes Leads to $5 Million House That Used to be a Baptist Church – Good Friday?

Saturday, April 4th, 2015

Nuala Sawyer of Hoodline just snapped this photo in the Western Addition – all the deets here:

Disturbing Footprints Leave Neighborhood Concerned

Via Nuala Sawyer:

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(Now I’ll tell you, whenever I leave bloody footprints, the trail generally, how do you say, attenuates as I move on. Moving on…)

Sure seems curious that this trail starts at the more-trafficked part of the NoPA / Western Addition and leads to 601 Broderick, the THERE GOES THE NEIGHBORHOODhouse, which, of course, used to be Gethsemane Baptist Church.

And then this building got sold for $5 million(!) as a Single Family Home.

And now it stands out, IMO, in an area of expensive houses.

Oh, here you go, CurbedSF’s Tracy Elsen called these transactions “our absolute favorite flip of the year.”

And here’s some assigned reading from Building Talker James Hill

601 BRODERICK: NOSTALGIA AND AMNESIA

But of course, I don’t know who did what to create those imprints…

County Living at SUMMIT 800: The Top Seven Reasons Why Foreigners Should NOT Buy a Condo Townhouse Near Parkmerced

Wednesday, March 18th, 2015

What’s that, you’re not a foreigner? Well fine, you certainly should know what you’re doing, so move on in, with my blessings.

But I’m assuming that you’re a foreigner, you know, if you’re thinking about buying at Summit 800.

1. And you know what? The people who are selling to you are assuming you’re a foreigner as well. Look at the name, look at the marketing. You’re rich and naive, that’s what they’re telling you.

2. This is a giant warning sign:

The New Townhouses at Summit 800 Are Already Cutting Prices

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3. Yes, you’re living in San Francisco but only just inside the county line. So really, you’re sort of living in San Mateo County. This is their slogan: “City Living. No City Limits.” It took me a while to figure things out, because I didn’t see the two sentences together. What they’re saying is that you have the best of both worlds – you’re living in San Francisco, but your apartment/condo/townhouse/townhome/whatever you call it as long as you don’t call it a “house” has a lot of space and is brand-new construction and you have room for two cars and you have a lot of things that are hard to find in SF. BUT YOU’RE NOT REALLY LIVING IN SF, not really. They’re showing you images of Shanghai, but you’d be living in Chengdu.

4. Schools. Ask about schools. OMFG.

5. Weather / Climate. Hey, how’s the weather down there? Oh, foggy again today? Oh.

6. Traffic. OMFG. What they call State Highway 1, I call the 19th Avenue Parking Lot. Things are a bit better if you head south, but then why live in the far south / far west of SF? Oh, just so you can say you have a place in SF? OK, if that’s what you want.

7. What are people saying about this place? Check it. And pay close attention to what Eric has to say.

What if you gave one of these places to your kids and told them they’d only have to pay the monthly homeowner’s fees and annual property taxes, something like $2000 a month? Would your kids even want to move in? IDK. So what happened to your million-plus dollars?

JMO.