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A comment on Tiny in size, a Cupertino home is selling for big bucks: $1.7M. Parent comment

Re:Tiny in size, a Cupertino home is selling for big bucks: ... by beaeglebeachh on Friday April 26, 2024 @07:44PM (#40175556)
I question how much of the appreciation is the 'community' volunteer efforts when shank-fest parts of Oakland and other places where negative externalities from non-owners dominate yet property owners are experiencing similar wild appreciation rates.

The most dominating recent appreciation in value is the privilege of a coveted fed induced near 0% mortgage. Owners can laugh at the next generation, damning them to essentially pick up the inflationary tab of their negative real rate loans.

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Re:Tiny in size, a Cupertino home is selling for big bucks: ... by llamaimperative on Friday April 26, 2024 @07:50PM (#40175605)
The 2.75% mortgages are nationwide. Any differential appreciation is due to the locality (and for the most part not due to geographic realities but cultural/social/economic realities).

In Cupertino, 99.9999% of the appreciation is due to the ultra high-paying jobs there.

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Re:Tiny in size, a Cupertino home is selling for big bucks: ... by seanmcdirmid on Friday April 26, 2024 @08:20PM (#40175826)
Asian immigration had a lot to do with it also, it is basically the Richmond BC of the Bay Area getting to 63%.
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