patrick.net

It must be those WTF prices they're asking for their stucco boxes

That's the opposite of what the statistics say.

According to Redfin, there are 21 houses for sale in Cupertino and 31 sold in April. That looks like less than 1 month inventory to me.

Why would you go by your drive as opposed to actually looking at the numbers? They're so easy to find...

Well, the data on the web is old. My drive by is current.

LarryPatrickMaloney says

Well, the data on the web is old. My drive by is current.

Yes, the April sales data is ancient. Redfin updates listings daily, I assume, so how old could it be?

cant they have open house without listing in mls?

When does the buyers will understand that buying a house is not same as buying Gas. Wait till the market comes to norm, why hurry.

tatupu70 says

Why would you go by your drive as opposed to actually looking at the numbers? They're so easy to find...

Yeah, man -- why would you trust your lying eyes when you can look at numbers on a website?

JodyChunder says

tatupu70 says

Why would you go by your drive as opposed to actually looking at the numbers? They're so easy to find...

Yeah, man -- why would you trust your lying eyes when you can look at numbers on a website?

Um, maybe because the OP is stuck in the present, while redfin etc. Use precognitive beings to see into the future?

The now is so yesterday

Yellow Alert: More and more houses showing up in Sunnyvale, and now in Mountain View. Three just put up for sale signs on my street this week.

Spring market, or are owners looking for the exits?

Buy now, or be forever priced out. Next year, you can take out a HELOC for at least your mortgage amount, maybe more, why wait?

LarryPatrickMaloney says

Yellow Alert: More and more houses showing up in Sunnyvale, and now in Mountain View. Three just put up for sale signs on my street this week.

Spring market, or are owners looking for the exits?

I have noticed an uptick in listings in MV too. My agent says that inventories are also increasing, although they are still only about 25% of the historic norm. I think that it is a combo of the spring/summer selling season bounce and prices rising enough from a year ago that some people want to capture gains. Most of what I am seeing listed are condos and townhouses, so maybe those people want to try to move-up into SFH's or something.

point of reference:

Apple's R&D costs are 10X what they were 10 years ago.

They have a headcount of 25,000 or so in the valley AFAICT.

10 years ago GOOG had $1.5B in revenue, 2012 was $50B.

If you're looking in the fortress, you're competing with these people (plus many of the tens of thousands of cashed-out veterans)

I have a retired friend who was priced out of the fortress even though he was sitting on 20+ years of AAPL accumulation.

He had the money for a refurbed postwar shack, but got much, much more value finding a place over the hill. 2+ acres, tons of trees, ocean view, no neighbors. Well, one, but they're a ~10 minute hike away.

LarryPatrickMaloney says

Anybody else make this observation?

Pity you didnt drop by valco mall.. and see how dead it looks.

total 22 houses, 4 of which are under 800K. Most are 1.5M+.

http://www.redfin.com/homes-for-sale#!market=sanfrancisco&max_num_beds=6&num_beds=2&region_id=4561&region_type=6&sf=1,2&uipt=3,2,1&v=8

looks like another imaginative report "from the front line."

I just checked, and there are houses with for sale signs that arent on the websites yet.

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