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2018 Jan 16, 3:35pm   1,139 views  4 comments

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1   BayArea   2018 Jan 16, 4:41pm  

If that bar graph above doesn’t tell us that asking prices or largely bullshit, I don’t know what does...
2   RWSGFY   2018 Jan 16, 4:46pm  

#fuckingmorons
3   Strategist   2018 Jan 16, 5:33pm  

anonymous says
•In 2012, 49.1 percent of homes in San Jose sold over-asking; in 2017, 68.1 percent did
•In 2012, 43 percent of homes in San Francisco sold over-asking; in 2017, 64.5 percent did
•In 2012, 43 percent of homes in San Francisco sold over-asking; in 2017, 64.5 percent did
•In 2012, 20.3 percent of homes in Seattle sold over-asking; in 2017, 52.4 percent did


The value of an asset is only what others are willing to pay for it.
Home prices will continue to go up until supply = demand.
4   Strategist   2018 Jan 16, 6:30pm  

HEYYOU says
There is another sucker to pay even more at time of resale.
These are called brilliant investors. ;-)


My cousin was a sucker. Purchased a small house for $1 million in silicon valley in the early 2000's. Zillow values it close to $4 million now.
My aunt custom built a huge home on a golf course at about the same time, in a small town in Illinois. Cost, $425,000. It's been on the market for 3 years. No one wants it even for $325,000.
Conclusion:
1. Everyone in Silicon Valley is a sucker.
2. There are no smart people in Central Illinois.

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