Santa Clara Rocking The Overbids!


#141

If so above,

Price/Rent ratio will grow higher and higher, i.e. Cash flow will deteriorate much further.


#142

Yes, international buyers will buy with all cash down so their cash flow will be positive no matter what.


#143

There is an inherent urge in people to own their primary homes, & if Bay Area doesn’t give them that opportunity people might be reluctant to move here long term.


#144

That’s fine, many people from south of the border and other Third World countries eager to come and work. They wouldn’t mind renting.


#145

Average 3% a year. Your home will appreciate by 34% by 2027.

Do you want to buy another house? Or sell the current house if 3% is accurate?


#146

Just because you put down all cash doesn’t mean positive cash flow. .Taxes, maintenance insurance can be huge…In London before the great recession there were places with negative cap rates…can happen…


#147

Yes I get that… if we ever get to that point… :slight_smile:


#148

For sure. Multi units are not sexy but can provide good cash flow. I am sure you own some, right?


#149

If you visit Milpitas nearer to 880 [ for e.g Walmart ] , you will feel Milpitas Smell.


#150

Another example of Apple campus bumping up Santa Clara Schools properties.


#151

If they had given away a P100D model this would have gone over 2.5M.

Looks like pics are gone from Redfin.

Found them here:


#152

Not sure GOOG has the appetite for TSLA now.

Musk approached his buddy Page in 2013 when TSLA was on its knees and GOOG passed.

You never know though.

I’m long TSLA BTW.


#153

I used to go to that mall a lot. That Borders bookstore was my favorite. (RIP…). No smell.

You guys all have sensitive noses or something. :smile:


#154

Its a very nice post…


#155

Here’s another one that’s 95050 in a worse location north of El Camino. Surprised it actually went over ask, with ask already being high.


#156

:scream: :scream: :scream: :scream_cat: :scream_cat: :scream_cat:


#157

Isn’t that a little bit too much? That’s West San Jose pricing, not Santa Clara pricing…


#158

SC > WSJ now :smiley:


#159

This doesn’t surprise me really. Remember, I don’t know or work down there to know how the various cities stack up or what the hierarchy is (other than our fav Palo Alto) but ever since Day 1 we have been gushing about SV so shouldn’t the housing down there be expensive? I mean, really expensive??? And, everywhere???


#160

My WAG is because of the resurgence of semiconductor companies such as NVDA. Santa Clara has many semiconductor companies.