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Bay area Housing craziness

Samsung magic-

Mar 22 41 Comments

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What kind of demand has originated in this Area: 812 Almarida Dr, Campbell, CA

Listed for sale : 2/19/2021 -> $1.05 mil
Sold ---------------: 3/03/2021 -> $1.36 mil
Listed for sale : 3/03/2022 -> $1.99 mil
Zestimate shows today -> $2.49 mil

#mortgage #housing #bayarea

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TOP 41 Comments

Sony tHEy50

I always wonder how can so many have $2m to buy a house.

Mar 22 9 14
- Yelp Sunnyvale!
  
  Microsoft slept through inflation and thinks 2018 4K holds the same buying power in 2022
  
  Mar 22 0
- Microsoft cgisf
  
  To boost the economy the government handed out $1m checks to everyone ($2m per couple) last year. Did you forget to sign up for that?
  
  Mar 23 1
Google dfgtcgh

Dude check the 10 year yields. It's spiking in the last 2 weeks => mortgage rates spiking => houses staying in the market longer => housing price correcting right now.

Don't listen to bag holders on blind who will get triggered of you suggest housing prices can ever go down.

Anything that goes up so swiftly trends to correct. Regardless of any theories of demand and supply.

Mar 22 0 14
- Yelp Sunnyvale!
  
  🤣 math, dude I'll never go to Google just based on your IQ
  
  Mar 22 1
- Cadence tNJC00
  
  Do you use math at Yelp?
  
  Mar 23 0
VMware pointur

No worries. Let people buy 2,3,4 M houses. When layoffs start these folks will be the first to sell. (Now dont say layoffs will never happen or recession will not hit for 5 yrs)

Mar 22 2 1
- Google corona 🦠
  
  What layoffs, recession? Stonks and house prices only go up. Supply demand supply demand....
  
  Mar 22 2
Yelp Sunnyvale!

Supply and Demand at play, also flipping

Mar 22 4 1
- Adobe jshdhedd
  
  So no fomo?
  
  Mar 23 0
L&T Technology Services okgss97

It is in market since 20 days which means not many people are interested.

Mar 22 3 1
- Meta public2
  
  Rofl
  
  Mar 22 0

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Bay area Housing craziness

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