Bay area housing market has gone crazy

Apr 14, 2021 1,335 Comments

Today put up an offer on https://www.redfin.com/CA/San-Jose/2685-Middleborough-Cir-95132/home/1270150?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link

Our final offer was 1,405,000 amd offer accepted at 1,420,000

Lost by 15k but we stretched our limit.
Have been tracking 95132 for a while and that area is crazy. Cant afford in santa clara, sunnyvale. Cupertino and palo is dream these days
TC: 320K
YoE: 7

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 TOP 1,335 Comments
  • T-Mobile / Eng
    El Amino P

    Go to company page T-Mobile Eng

     El Amino P
    Laughs in Austin
    Apr 16, 2021 231
  • Google
    MilkSteaks

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    MilkSteaks
    What a shitty looking house. You should be glad you didn't get it. Keep saving and move out of bay area
    Apr 14, 2021 15
    • Google
      Sadbutfun

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      Sadbutfun
      @doctorcow LOL New York is better?! Lol I’m buying a 700 sqr feet apartment for around a million dollars right now. NYC real estate market is πŸ’©
      Apr 16, 2021
    • Airbnb
      nerzhul

      Go to company page Airbnb

      nerzhul
      Yeah 500k for middle of nowhere. Can’t get close in NYC/LA/SF basically any cities with something fun. Not everyone wants to live in nature. Compare the activities with Europe, US inner cities have absolutely nothing.
      Also find me any metropol where housing is cheap. I don’t see people moving away from cities to rural areas as you suggest.
      Apr 16, 2021
  • Amazon
    XLst20

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    XLst20
    I read on Reddit that if you want to drop the price lower, go to the neighborhood for a few weeks/months and shoot some bullets in the air.
    Apr 14, 2021 8
  • Google
    Odjeje

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    Odjeje
    It is funny how native born Americans can't even afford their own cities anymore.
    Apr 14, 2021 26
    • NVIDIA
      Nmzj82

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      Nmzj82
      papii I have been in the bay a long time and I no longer blame NIMBYs. I think only one thing is important, relative balance of jobs and housing, and not density. SF people think SJ should densify but SJ supplies net housing and SF supplies net jobs.

      I think we need more housing but I'd have preferred if we hadn't added so much new offices to begin with. The valley has no clue how to build and the quality of life is worse every year. Transportation doesn't get upgraded and most of the new homes are trash.

      SF has better green space, architecture, and traffic engineering than the valley even though they are denser and hate cars.
      Apr 16, 2021
    • Blend
      77076

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      77076
      Repeal prop 13. My parents own CA property, so I’m not saying it out of spite.
      Apr 18, 2021
  • Microsoft
    dogeπŸ•πŸ˜‚

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    dogeπŸ•πŸ˜‚
    Looks like dog shit. Get out of bay area and work from remote. I got myself 3000 sq.ft 4 bed house for $750k. Good luck leaving Bay area
    Apr 16, 2021 14