Quote:
Originally Posted by Kolyan2k
The thing is that we are in Boston area  my buddy can't buy a house for 2 years now. Market is nuts, everything is selling above asking. He told me they bid on a house 60k over asking and it sold nearly 200k over. It was over a million property |
Market in Bay Area is crazy too. Been looking and better cities (note I didn’t say best or affluent as those are sky high), are crazy high. Cupertino is $2M. Same with Santa Clara, Mountain View, and Sunnyvale. A 3 bedrooms, 2 baths home with 1,100 sq ft goes for $1.3M and it’s somewhat rundown and old. Anything that is decent is around the $2M mark. Hoping that a correction will follow in the next year or two. I believe real estate followed in 2010 when the 2008 crash happened.