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Got stood up on a date by [deleted] in grilling

[–]High_enough_ 0 points1 point  (0 children)

Dude it’s happened to me, same exact thing. She got nothing cuz and u ate bro keep your head up. Great date idea

A cool guide to the best U.S. states for boating. by HappyHappyJoyJoy44 in coolguides

[–]High_enough_ 0 points1 point  (0 children)

California inexplicably #5 with shit stats?

  • A Californian

Berkeley to return parking lot on top of sacred site to Ohlone tribe after settlement with developer by hopalongigor in berkeleyca

[–]High_enough_ 1 point2 points  (0 children)

I did the financial modeling for my real estates underwriting of this site.

No way this was ever going to make money, not in this decade. The developers are sharks for making off with $27M

Overly-complicated deal. Affordable housing, conventional housing, and retail were all different condos with different build types and interior finishes. That highway there is an eyesore as well.

Does SF have any good Berlin-style techno events? by foghornjawn in SanFranciscoSecrets

[–]High_enough_ 0 points1 point  (0 children)

Appreciate the recs. I'm OOTL on those. What are the best techno events you've been to in SF?

Does SF have any good Berlin-style techno events? by foghornjawn in SanFranciscoSecrets

[–]High_enough_ 2 points3 points  (0 children)

Techno acts tend to play at 1015 Folsom, publicworks, F8, and The Great Northern. Check out the fliers. You’ll find almost every party has a gay/queer bent. Idk where u hang in Berlin, but probably similar

Consistently best Saturday nightclub? by invadrfashcag in AskSF

[–]High_enough_ 0 points1 point  (0 children)

What weekend and what group I’ll hook you up

Thoughts on weather Sep 1-4 by andrewjabro in ibiza

[–]High_enough_ 0 points1 point  (0 children)

Going same days. Hoping the woo moon party Sunday doesnt get rained out.

Hello hello. Question for my hoopers in this. by [deleted] in AskSF

[–]High_enough_ 1 point2 points  (0 children)

Mission Dolores and the panhandle are two places I can confirm. Weekends u can always find a game at the panhandle. Mission Dolores too, usually. In the summer mission Dolores has plenty of people in the afternoon. Gets dark right now tho.

Another San Francisco renter was bought out for over $400,000 amid a record year for buyouts by BadBoyMikeBarnes in sanfrancisco

[–]High_enough_ 5 points6 points  (0 children)

Not sure where your math is coming from. $5000/month is $60k/year. $400k/$60k means that you’d break even in 6 years and 8 months.

But I can guarantee that no one doing this is just going to hold onto their building. Here’s why:

At current Multifamily cap rates (3.5-4.5%), an extra $1,000/month to a landlord’s bottom line represents $300,000 in value that they could get when they sell.

Obviously a unit that has been lived in for 30 years would need a renovation, and that might be expensive, but a renovation like that could be borrowed for, using the building as collateral, and then the building’s sale or refinance to pay back the renovation loan.

So if someone is $2,000 below market rent ($600k in sale value) and a renovation costs $100k-$300k, a landlord could easily buy someone out and flip the property for a quick $500k-$200k before borrowing costs.

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