Posted by:
NeverMo in CA
(
)
Date: April 17, 2018 11:38AM
I know there have been a few threads here lately about high housing costs in CA, so my apologies if people are tired of this, but I think this article sums up the problem here for many people:
http://www.dailymail.co.uk/news/article-5625631/Condemned-Bay-Area-home-sells-1-23million.html"The house was on the market for just a week before the owners received three cash offers way above the $1million asking price."
Read more:
http://www.dailymail.co.uk/news/article-5625631/Condemned-Bay-Area-home-sells-1-23million.html#ixzz5Cwcqi96XMy mom emailed me the link because we lived in Fremont when I was growing up. Fremont is an East Bay suburb (south of Oakland, north of San Jose). When I looked at the headline, I thought, o k, this piece of junk sold over for over $1 million because it's in some very upscale part of Silicon Valley...but trust ne, Fremont is not that. It's a perfectly nice city, but there's nothing outstanding about my hometown. If anything, the increasing traffic and congestion arguably have made it a less pleasant place in recent years. I would never have expected someone paying that much just for a tear-down.