Your new San Francisco flex is buying oceanfront property underwater
Okay so, you know how everyone complains about housing prices in the City? Like, my one-bedroom in the Sunset is already wild, and I got lucky. But apparently, some folks are out here buying up actual underwater land parcels near Candlestick Point for less than a thousand bucks. Yeah, you heard that right. Not *near* the water, not *waterfront*, but literally *under* the water. One lot was 5,000 square feet, which, if it were dry, would be like, five mansions and a small park.
This is peak San Francisco, fam. We've got people fighting over parking spots, and then you have others dropping pocket change on submerged plots of land. It’s wild, right? Imagine trying to explain that to your auntie over dim sum in the Outer Richmond. "Oh yeah, I just bought a piece of the bay, no big." It’s a total gamble, a bet on rising sea levels and future land reclamation. Or maybe it's just a flex, like buying a piece of the fog.
### What This Means for San Francisco
* **A true speculative market:** This isn't just about housing; it's about *land* in the most extreme sense. * **Climate change reality:** These parcels are underwater now, but with sea-level rise, this could become more common. * **The ultimate "only in SF" story:** Because where else do you buy literal ocean floor for real estate?
It just goes to show you that even with all the tech money and the insane housing crunch, San Francisco still has these bizarre, almost poetic, moments of pure weirdness. That's the City, fam — fog, hills, and all.
Vivian Leung, MiTL Sports Desk.
The Morning Wire crew gets into all the City's wild stories every day — catch it live at mornings.live.