More homes with ADUs selling for top dollar. This one is a fairly smallish house and ADU (put together less than 1500 sq ft) at the busy location - near El Camino and Mary in Sunnyvale. Still sold for $2.24M
Nearest recent Comp was a main house of same floor plan with out ADU that sold for $2.09M.
So seems like the ADU added $150k in value
From today, SFBA will appreciate faster than Austin MSA for the next 10 years.
Austin is overhyped. I’d expect a reversion to the mean.
When you look at past 40 years. There is practically no chance of any startup getting Mega cap from SF . any usefull startup will be bought by South bay firms with big campuses. They built that big infrastructure to absorb the small ones efficiently and quickly.
Even Salesforce is changing office culture permanently.
and India is getting tough with big tech to promote its own startups. Good luck trying create Megacap without India.
Square? Uber? AirBnB? The list goes on and on.
Another fake news post from you?
Returns from real estate is not about appreciation alone. Return on Real Estate investment is sum total of returns from rents (income) + value appreciation (gain).
Greater the proportion of return from appreciation, higher the volatility of returns.
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Quoted so you can’t change your stand. Now I can easily search this post. SFBAvsAustin Jun 16, 2021.
One Tesla market cap is bigger than all the above combined. but this is all past as i gave you Salesforce example.
Going forward how SF is going to create real megacap that are mostly loss making?
Megacap is how much? 500B? Pretty confident Square will be over 500B in the next 10 years. AirBnB has a good shot at 0.5T as well.
SF as a tech hub is a fairly recent phenomenon, starting around 2010. It coincides with the rise of cloud tech so companies don’t need real estate space for their servers, freeing them to locate in big cities like SF and NYC instead of suburban South Bay.
SF megacap firms of around $100b are not that profitable nor they are access control platforms that can create global monopiles.
it is much harder to inflate this poor business model startups
They managed to “inflated” to 100B. That’s a lot of money - if that business model is not acceptable who is valuing these at 100B+. Just because you don’t agree, doesn’t mean it can be true.
They had to inflate to $100b as the companies are too long in incubation. Almost to Series F funding.
$100B is nothing. it is mere fluctuation in Megacap firms. but to convert $100B to real Megacap with sustained profit is another thing. world wide web is splintering.
What is this obsession with 100B or 500B ? What do these numbers really mean ? What is the point of being 500 in n numbers of years if minimum wage is $300 per hour? 2/3 of American economy is small businesses and self employed who are the real back bone of the US economy.
Folks, also do not make it sound like that the 5000 of SP500 companies are located in San Francisco.
First you have to understand IPO process. Airbnb raised $3.5B. that should be enough to bailout Investors/Founders and some key employees along with bank fees.
but AIrbnb cannot say this 100% of shares. otherwise the whole market cap is $3.5B. it has to say only few percentage of shares equal to $3.5B. so it automatically become Megcap.
The cost of IPO and all compliance costs are such that it is not worth it in most cases to go IPO if the investors have many funding rounds.
Just the funding rounds are worth $5B. those $5B need to bail out first for Airbnb
https://craft.co/airbnb/funding-rounds
More houses in Sunnyvale selling for $3M +
And in Cupertino for $4M+
Have to go through a narrow road to the house. I won’t buy regardless of price.
i am sure no yard…house fills entire lot!
San Mateo home has less sq footage/older and still sold over $5M. Its all about the street view.
https://www.redfin.com/CA/San-Mateo/614-Dorchester-Rd-94402/home/1034667
614 
Looks like compared to San Mateo and Cupertino, Sunnyvale still offers better value for money.
Can get a nicely remodeled 2000 sq ft house on a big lot (7000-8000 sq ft) for the bargain price of $3M in Sunnyvale 
1800 sq ft Eichler (meant to be a cheaply built house for the middle class). Sold for $3M. Ridiculous
The transaction history of this house is interesting. It is a case study for how prices have ramped up in Bay Area.
1979: sold for $144k
1999: 552k
2003: 825k
2015: 1.975M
2021: 3.0M