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bmwman91
@
2012 Feb 6, 6:12am
Who cares? It is a generally overrated place. The only people really interested in it are the ones obsessed with school API scores. There is no sound logical reason to want to live there, unless you work at Apple & want to bike to work in under 15 minutes or something.
Also, don't assume that all of the Asian people you see there are Chinese nationals / foreigners. Many Chinese-Americans are naturalized- or born-citizens and also fluent in Mandarin and/or Cantonese. They certainly have a different mentality about school than the "typical white American," but they aren't necessarily FOBs.
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According to Redfin, Cupertino's median sold price has actually gone up since 2010, unlike other cities.
I'm guessing low inventory, lots of foreign (asian) buyers, and prime location have skewed the pricing here.
I work with people who have lived in Hong Kong, Taiwan, Singapore, and Shanghai, and they say that the prices here are actually cheap for what you get compared to asia.
I don't see places like this ever correcting to before the bubble pricing nominally.