Here is one more sold in Sunnyvale for well over $3M, though not as crazy as the earlier one because it has a larger lot (11k sq ft).
Dr Gloom and Doom is back
Article is too brief. Why would people sell at lower prices? Where he is talking about? Nationally? Regional markets behave differently.
Marbled mouth Shiller is senile. He thinks the market will drop because it has to ââsooner or later?
He rambled on for several minutes. Mention fomo . He knows nothing about RE, supply demand cost of construction, or especially the power of location location location.
He talked about bubbles. He said we are not in a bubble. Bubbles collapse. Since 2005 RE and stocks have recovered. Every downturn is followed by higher highs. He is struggling to be relevant. So far not successful.
His net worth is pathetic because he bought a house 
in New Haven Connecticut. A shithole that never appreciates. He mentioned that nationally prices rise 20% last year. The highest in history. Definitely not a good time to buy a house in New Haven. He also mentioned the Phoenix market and admitted he doesnât understand it at all. I have been making a killing in Phoenix
Multi family development. I am a small player. We just sold 250 units. 100% profit. 3 year project. We are currently building another 250 units in 2 years. Similar profit. I am planning on investing in another deal in Boise⊠Student housing.
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Boise is another city where ex-Californians move in droves.
The deal was oversubscribed. Tons of interest. Another deal in Boise in 4 months 300 units downtown. Boise is white hot. And has a really cool downtown with a river and music scene. Austin without bugs, humidity and annoying Texans. Plus skiing 45 min away at Bogus Basin and Sun Valley paradise 2.5 hrs away. Reno weather. Hardly any snow. Micron and a University Town. Plus attractive for Ca retired. Even a vibrant gay community.
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.
You no longer able to walk straight?
You ever gonna let us into these sweet homerun deals?
Californians want diversity.
House in East Sunnyvale, not near Los Altos. Sold for $3.3M, almost 1M above asking.
Are we seeing one last price spike before interest rates go up?
Sold price over $3M for a recently remodeled/expanded home (seller appears to have added ~ 700 sq ft) on a small lot of less than 6000 sq ft, quite near to a busy street 
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Strange, but can anyone explain why this new Cupertino home sold for almost $1.5M BELOW list price?
Or is the sold price only for the empty lot, and builder will charge separately for the construction?
Itâs because the remaining money will
Be paid upon building completion
This is how most née builds are selling now . They are sold even before they finish construction
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Wow, new business model for builders?
Hot market âŠhouses started to sell like this last year. SOLD signs were hanging on new construction before completion.