South Bay area houses 1.5 - 2m

Jan 16 29 Comments

Now that the houses have started pouring in starting this week, what do you guys think will happen in south bay? Will there be bidding wars? Will the apple engineers with millions of dollars in stocks grab the houses within hours? I saw a house being grabbed in 2 hours! For 2 million!

Thoughts?

comments

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TOP 29 Comments
  • Amazon de5i
    Lol, no one has millions in stock maybe except lucky few startup employees. I have no idea how the hell they are so expensive.
    Jan 16 13
    • Google hi?
      I figured you were probably Bsing like most Blinders, but actually after your follow up comment, I actually do believe you. But just in general, not many people had the guts nor foresight to hold the stock of their yet-to-be trillion dollar company.
      Jan 17
    • Facebook public2
      Naw, like in most cases it was just blind luck for most. They didn't have time to sell or spend the money so held it. Against just a fraction of the fun that was msft. Most modern tech was properly valued from the start so we haven't seen massive growth for most sadly. Miss the 90s.
      Jan 17
  • Google / Eng
    sqrt(-1)

    Google Eng

    BIO
    Top Contributor or GTFO
    sqrt(-1)more
    I'm not buying a shit house for 1.5M.
    I prefer to pay rent and keep my money invested.
    Jan 16 4
    • Facebook public2
      A 1.5m house is 1.25 for the land/location and 250 for the house :)
      Jan 16
    • Yahoo FFnl47
      OP
      This.
      Jan 16
  • Genentech scigrrl
    What do you mean pouring in?
    Jan 16 3
    • Amazon de5i
      @yahoo, source?
      Jan 16
    • Yahoo FFnl47
      OP
      Redfin. Look at areas around apple and google
      Jan 16
  • New / Eng throwsumds
    Has there been a shortage..? I think the shortage is now. My neighborhood that I grew up in, on the edge of Los Gatos and San Jose has probably seen 50% of homeowners sell and move to the East bay, colorado, or some other low col place. Soooo many of my friends parents who were struggling sold their house and are now BALLIN in a new place. If anything I’ve seen the inventory slow down, at least in my area, because the people who didn’t sell, like my parents, want it to be back at all time highs, and the people who just bought are either underwater or have no reason to sell.
    Jan 16 2
    • Amazon de5i
      Why would you sell? It’s appreciating asset and you pay pennies on taxes (thanks prop13)
      Jan 16
    • New / Eng throwsumds
      Most of my neighborhood was working class people who didn’t even work in tech, just regular jobs or trades and bough their houses for a few hundred thousand a couple decades ago. We remember a young woman buying a house for $600k 10 years ago or so and thinking “Wow, she’s crazy for paying that much.” Her house is now worth 1.4mil. When you make returns like that, and your lifestyle can go from barely making it work, to an extra million dollars sitting around, I don’t think many people even think twice.
      Jan 16
  • Facebook public2
    There is almost no inventory anywhere good, interest rates are insane, the market is exploding so folks are looking to diversify...should be fun. Prices are flat ish as there is no market but once sales start happening and the market takes off it will trigger another rush for real estate.
    Jan 16 0
  • NVIDIA wKLx34
    It is going to be crazy this year. Bidding wars will return.
    Jan 16 0
  • DALY CITY IS SOARING
    Jan 16 0

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