San Francisco’s cheapest single-family home will sell for over $500,000 — and it reveals how bad the housing crisis has become

San Francisco ranks as the most unaffordable city in the United States. The median price for a one-bedroom home is around $820,000.

By comparison, the half-million asking price of the city’s least-expensive single-family home on the market is a steal — or as Rick Smith, the real estate agent behind the listing calls it, “a joke.”

The decrepit house is a classic example of San Francisco’s housing crisis, which has accelerated in the last few

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