A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $823,000 over asking

Re:A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $82... by lotsofpulp on Tuesday December 21, 2021 @01:36PM (#29640488)

I suspected this would be brought up, which is why I tried to pre-empt it by specifying that a home mortgage has special conditions that make it not 1 to 1 comparable to other leveraged investments, such as non callability, non recourse (in California), you get to live in it, and you get to live in that specific location (assuming you value it).

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Re:A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $82... by selectodude on Tuesday December 21, 2021 @01:56PM (#29640681)

I recognized that, which is why I tried to stick to a high-net worth situation like this particular one.

I'm far better off buying a $300k house than having $60k in investments but those comparisons become a bit more fuzzy at these 7-figure numbers.

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Re:A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $82... by lotsofpulp on Tuesday December 21, 2021 @02:24PM (#29641031)

I am not so sure. Another benefit of CA real estate is that you can gift it to your kids and not be subject to state estate taxes, and the capped property tax carries forward to your kids.

Popular California land is a very unique asset.

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Re:A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $82... by thghtihadanacct on Tuesday December 21, 2021 @03:33PM (#29641771)

The best benefit to one of these houses in this area is that you have one of these houses in this area. My house isnt an investment but a roof over my head and a good sized yard not far from a very beautiful bay and lots of mountain trails. Its worth more to me than what zillow says.

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