Los Gatos / Saratoga vs Palo Alto / Mountain View / Los Altos

143

I have only believe in RE. Can be as Primary, vacation or rental. Can be improved.

144

He have invested the proceeds and made $3M :star_struck:

2 Likes
145

Smart!

146

Zillow Home Value Index comparison as of today

Mountain View: $1,980,865, 10.5% 1-year change
Sunnyvale: $1,937,805, 15.9% 1-year change
Los Gatos: $2,431,241, 19.3% 1-year change
Cupertino: $2,648,706, 19.7% 1-year change
Saratoga: $3,458,707, 21.5% 1-year change
Palo Alto : $3,488,610, 13.7% 1-year change
Los Altos: $3,867,679, 18.9% 1-year change
Los Altos Hills: $5,084,630, 14.1% 1-year change

Can you folks predict where we go from here?

147

Not consistent with your list. Typo? PA or MV?

148

This is based on Zillow. You are right in this list least loved is MV. However, what i have noticed though is that Los Altos and some parts of Mountain View closer to Los Altos are hotter than some parts of Saratogaā€¦ Like the following:

https://www.redfin.com/CA/Saratoga/20400-Williams-Ave-95070/home/1791029
https://www.redfin.com/CA/Saratoga/19801-Braemar-Dr-95070/home/1231140

149

Los Altosā€¦
Big lot + Big house = BIGG price

https://www.redfin.com/CA/Los-Altos/714-Arroyo-Rd-94024/home/1273278?1280460695=variant&600390594=copy_variant&231528114=variant&1077477207=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

150

Great for SB9 lot subdivision.

:smiling_imp:

151

Mountain View prices going nuts ā€¦

https://www.redfin.com/CA/Mountain-View/415-W-Dana-St-94041/home/1771961?1280460695=variant&600390594=copy_variant&231528114=variant&1077477207=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

https://www.redfin.com/CA/Mountain-View/110-Avellino-Way-94043/home/95956328?1280460695=variant&600390594=copy_variant&231528114=variant&1077477207=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

1 Like
152

This one is INSANE. $3k a foot!!

Screen Shot 2021-10-30 at 12.49.35 PM
Screen Shot 2021-10-30 at 12.49.35 PM1532Ɨ1238 233 KB

153

Why you care? You stopped buying properties since 2016 :rofl:

1 Like
154

I hope to one day get back on my horse againā€¦

:cry:

155

Youā€™re gonna be priced out. The rent increases of your SF properties canā€™t keep up with price appreciation in RBA.

:slight_smile:

1 Like
156

@manch felt is expensive in 2016. Now he felt is too expensive. In the future, couldnā€™t afford.

157

$3M is 50 bitcoins. Can definitely afford one when it costs only one coin in 5 years.

158

@manch are you saying that the same house which costs 50 Bitcoins today can be bought for only 1 Bitcoin in 5 years. That would imply that a typical Bay Area house would lose 98% of its value in the next 5 years. That does not sound right to meā€¦

159

I think manch is saying even though a typical bay area house will increase in value from $3M today to $30M in 5 years, a single bitcoin will also rise in its value to the same $30M amount.

160

The market is going even more crazy ā€¦as soon as it open up in January the same madness is expected to start

1 Like
161

This is absurdly hilarious :crazy_face::crazy_face::crazy_face::joy::joy::joy:

The typical RBA house that costs $3M today is likely to be valued at ~ $4M in 5 years time - thatā€™s a 33% increase or about 6% annually which is consistent with long term appreciation.

It will NOT be worth $30M in 5 years.

Neither will 1 BTC be worth $30M in 5 years. It will not be worth $5M or $1M, or even $500k in 5 years.

If lucky, 1 BTC may be worth $200-250k in 5 years.

1 Like
162

The real question is what will the dollar be worth in 5 years? Inflation is eating away the value of the dollar and driving people into nutty investment vehicles. At least RE is tangible. The rest is virtual crap.