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Updated over 6 years ago on . Most recent reply

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Diane G.
  • CA
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How would the new buyer of $2m Sunnyvale house feel?

Diane G.
  • CA
Posted

About 2 months ago, a 2/1 SFH in Sunnyvale sold for $2M, and made headlines in the Bay Area for a few days.

https://sf.curbed.com/2018/3/2/17073100/silicon-va...

2 months later, a SFH in the same neighborhood, 2x the size, much more updated, can be had for $1.9M

https://www.ziprealty.com/property/1014-Yorktown-D...

Lol.....

Most Popular Reply

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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

I lived and worked in Silicon Valley from 1987 to 2017; what an amazing place if you were in tech! If you happened to buy at the right time you were golden; if you were forced to sell at the wrong time not so much. When people buy these high priced homes typically they are just using gains from stock option exercise of over priced shares anyway so who really cares all that much-right? It is literally money found in a ditch. If you can maintain control of your life and finances it can be a very rewarding environment; but California is an expert at swallowing you up and spitting you out naked if you have overstayed your welcome! When my wife and I were driving away for the last time we were literally giggling!

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