They can try to sell it for that much but there's a fair amount of inventory in the area at present, and the housing market has been cooling. My guess is it'll go for less.
Headline should read: "People still trying to flip houses in SV".
Compared to the fact that 1,000+ square foot living spaces are available in other suburban areas for less than $100,000, this is still pretty darn insane, even if it "goes for less".
Im rooting for more than a cooling, more like a sub zero freeze! Houses going from costing unaffordable X 3 to only unaffordable X 2 has no effect on me.
For reference, my nice home in Logan Square (the hipster neighborhood) in Logan Square wass $590,000 and is around 3100 sqft with a super nice interior. I'm a software engineer and do great.
At what point to businesses start leaving the bay area due to being priced out? This seems a bit excessive.
Well duh, it's a whole house in a millionaire city?!
Seems rather cheap. Where I live an 900 square foot apartment can also set you back by $2m.
The seven apartments currently listed are all above $1.6m with several having undisclosed prices (if you have to ask then you can't afford it:-)
AND you will top out at 200k as a Software Engineer here as well.
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[ 3.0 ms ] story [ 33.7 ms ] threadHeadline should read: "People still trying to flip houses in SV".
Charming.
What would the property taxes be on that house?
Insane.
At what point to businesses start leaving the bay area due to being priced out? This seems a bit excessive.
Seems rather cheap. Where I live an 900 square foot apartment can also set you back by $2m. The seven apartments currently listed are all above $1.6m with several having undisclosed prices (if you have to ask then you can't afford it:-)
AND you will top out at 200k as a Software Engineer here as well.