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Shocker: $1M Doesn't Stretch Far in SF

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So what can a $1,000,000 buy you these days? A pretty comfy setup if you live in just outside of Detroit, Michigan but not a helluva lot here in the Bay Area. Forbes surveyed the RE scene in the 15 largest American cities, and their findings aren't exactly surprising. Unfortunately, they relegated most of their search to cities' surrounding 'burbs so we took matters into our own hands and took the first million dollar listing from the San Francisco MLS. Can you guess which one it is? If not, we're revoking your Fastpass and laptop. Clockwise from the top right: a 5,520 square foot in 6 bedroom home in Houston, a four bedroom home in DC that sits on a 1/4 acre of land, a 4,000 sq ft four bedroom ivy-covered Tudor home just outside of Detroit, and finally, in fair San Francisco, $1M will get you a 3 bedroom / 1 bathroom Laurel Heights home that clocks in at a whopping 1,196 square feet. Forbes points out that the upside of all this is that the Bay Area has been largely unaffected by the "problematic lending" and the subprime crisis. Really? "Subprime" — are you as tired of reading that word as we are of typing it?
· What $1 Million Buys In Homes Across The U.S. []
· 5 Cook Street, San Francisco [MLS]

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