Residents in San Francisco are puzzled by a unique real estate offer. A house in a fancy neighborhood is for sale at a low price of $488,000. However, buyers can’t move in for almost 30 years. The house is occupied by tenants who have the right to stay until 2053, paying a monthly rent of $416.67. Despite this, the house is getting a lot of attention, with many views online. Nearby homes are worth millions, making this deal unusual.
In a recent sale, a luxury row house in the same area was bought for half its original price, showing the changing real estate market. This listing has created a lot of buzz among neighbors and potential buyers, highlighting the unique nature of the San Francisco housing market.
Vocabulary List
- Residents /?r?z?d?nts/ (noun): People who live in a particular place.
- Real estate /?ri??l ??ste?t/ (noun): Property consisting of land or buildings.
- Occupied /??kj?pa?d/ (adjective): Being used by someone; having tenants.
- Despite /d??spa?t/ (preposition): Without being affected by; in spite of.
- Potential /p??t?n??l/ (adjective): Possible or likely to become something in the future.
Vocabulary List:
- Puzzled /ˈpʌz.əld/ (adjective): Feeling confused or unable to understand something.
- Occupied /ˈɒk.jə.paɪd/ (adjective): Being used by someone; having tenants.
- Attention /əˈtɛnʃən/ (noun): The act of focusing on or being interested in something.
- Potential /pəˈtɛnʃəl/ (adjective): Possible or likely to become something in the future.
- Unusual /ʌnˈjuː.ʒu.əl/ (adjective): Not common or typical; different from what is usual.
- Buzz /bʌz/ (noun): Excitement or interest surrounding a particular subject.
How much do you know?
What is real estate?
What does "occupied" mean in the context of the text?
Why is the house in San Francisco getting a lot of attention despite not being available for nearly 30 years?
What is the meaning of "potential" as used in the text?
What makes the real estate deal in San Francisco unusual compared to nearby homes?
According to the text what changed in the real estate market based on a recent sale?
This question is required
