Pre-covid, office spaces are hot and not available in a very large number in a single locality. Now that they are, megacaps buy them for…
Two reasons:
a. Buy in advance of future needs; and
b. Centralize the previously dispersed employees.
Many have increased the headcount dramatically during covid. They need to account for increased headcount to a certain percentage in case everyone comes back to office in a few months or a year. If they don’t, logistics will be a nightmare later on when/if it happens.
Some of it is due to the fact that companies like FB/meta, google etc HQ’s are all on marsh lands. Of course they are buying up offices more inland.
Real climate change discussions and actions are making it on to city council meeting minutes. Sea levels are expected to rise by a foot in next 30 years and it’s amazing the lack of coverage it’s getting in media.
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Thought they are actively soliciting efforts to build bunds (like those in Netherlands) along the coast.
What good does the bund or a wall do if the land under your feet is sinking 
Amazing to watch how some of the smartest humans act like frogs in a boiling kettle
The sea level rise hoax has never been proven. But I am hedging my bets and live at 6225’ elevation. Not buying Beach front ocean property… Unlike Obama in Martha’s Vineyard. Or all the Hollywood liberals in Malibu. When they sell and move to my neighborhood, I might believe them.
Sinking land is actually happening. Mainly due to excessive ground water pumping in the Central Valley.
3x increase in price in 10 years.
This home was sold in 2011 for ~ $900k
Same house sold in 2021 for $2.7M
Combined with the turbo boost of leverage, it is very very hard to beat the ROI of a typical RBA SFH such as this one.
Will it go up 3x again in the next 10 years - that would mean $8M by 2031 
Sounds ridiculous, but with inflation kicking in, such a price rise would not be inconceivable….
I made an offer for SFH in San Leandro! 
Wish me luck!
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Wish you tons of good luck.
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Thank you!
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Bay Area’s humble suburb of Sunnyvale gets a mention in NY Times alongside such legendary places as Carmel and LA
This is the house. $2.8M is cheap (list price). Seeing that it went pending within a week, I bet it has sold for low-to-mid $3Ms.
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Look out world Sunnyvale has arrived!
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