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A comment on Soaring housing costs forces talent to flee Silicon Valley. Parent comment

Re:Soaring housing costs forces talent to flee Silicon Valley by joshrotenberg on Friday May 22, 2015 @03:54PM (#9590596)
This was apparently a record sale price for the size in our area just a few weeks ago:

https://www.redfin.com/CA/Albany/815-Santa-Fe-Ave-94706/home...

Granted, what was there was nice enough (all 1100 sq/ft of it), but over $1M for a 2/1 ... it's just insane right now. It was listed for $749k. The overbidding situation seems to regularly bring in multiple (as in 10-20) offers for a house.

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Re:Soaring housing costs forces talent to flee Silicon Valley by dlubarov on Friday May 22, 2015 @04:06PM (#9590646)
Sounds pretty cheap compared to South Bay homes! Like this 776 sqft "opportunity to do a remodel" which went for 1.75M: http://www.zillow.com/homedetails/133-Coleridge-Ave-Palo-Alt...
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Re:Soaring housing costs forces talent to flee Silicon Valley by AreaGuy on Friday May 22, 2015 @04:19PM (#9590716)
Wow... and the last time it sold was for $34,000 in 1975.

That's a 10.4% annual return per year for 40 years.

That's better than the 8.2% returned by the S&P 500 over the same period.

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Re:Soaring housing costs forces talent to flee Silicon Valley by joshrotenberg on Friday May 22, 2015 @04:18PM (#9590709)
Wow!
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