If Prop 10 passes in November due to California Democratic Party’s endorsement, people will stop keeping old homes as rental. Actually I think some people may start selling immediately. There could be a price drop in December and January time frame
Individual cities still have a say. Fremont voted against it recently for example.
2 Likes
Fremont is mostly Chinese and Indian. It’s rent control proof.
1 Like
Nice! This should be posted also under the “Why We Have Been Loving Fremont So Long” thread…
Not buying that Fremont is rent control proof. They already have a rent review board that landlords fund.
A SFR we were about to bid for 1.85M got its selling price listed in MLS. Sold at 300K less and a little below the list price.
Link?
@Ironduke, where was this? I could not find any home priced around 1.55M in Santa Clara county that got sold in the last week below listing price (or not within 2% of Redfin estimate).
This is in Sunnyvale. Property on a very busy street. I have talked about it here when we took the private tour. Not 1.55M. Sold slightly under 1.5M.