Average sales price SF bay Area 936k ??

[Jay Hinrichs]

I saw a TV show talking about the average sales price in the Bay area at 936k  along with some tear downs in Freemont selling for 1.1 to 1.3  it was crazy even for someone like me who bought their first home in the late 70s in Milpitas for 79k and it was a new construction Shapel home  LOL.

So I have to think back to E. Palo Alto and in those same years I was buying foreclosures there for 12 to 20k and flipping them making 5k a home and thought I was the smartest guy on the planet.. 

Now I have started to buy in Richmond I cant for the life of me understand why there is not more talk about Richmond were you can buy at 1/3 the market value of the rest of the bay area and it can be re gentrified and fixed up.. Just like E PA and parts of Oakland etc.

with the new Ferry the proximity to jobs  Seems like a no brainer to get ahead of the curve or the herd as it were ?   big money is made in path of progress ??? at least that's my thinking... anyone agree or you think I am nuts.