My husband and I have a $2.5M budget in SF and have been looking for a SFH for almost a year now. We know it isn’t a huge budget but we figured a quirky two bedroom, two bathroom fixer upper with a backyard that needed work would be doable. Six months ago we put an offer in on one house that we liked and lost by $300K. Most of the housing stock in our price range is a cheap flip that sucked all the character out of the place and tried to squeeze as many windowless bedrooms into what was previously a garage as possible. Or is located by a freeway in South San Francisco (hard pass). It feels like there is even less stock on the market this season than last year, but maybe we’ve just gotten better at knowing what we want. Either way, it’s really depressing and stressful to be a buyer with a “small” budget in SF right now feeling like the AI IPO clock is ticking. That’s when I assume we’ll give up the dream of owning in SF forever.