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More than $100,000 increase. Are you kidding me ??


               
2012 Jul 26, 3:00am   41,558 views  75 comments

by leo9   follow (0)  

Me and my wife are looking for a house in Foster City California for past couple of years. We didn't buy hoping prices will go down further but the market is going crazy lately. We saw a townhouse in a foster city - 2bd 2 bath 1500 sqft which was selling for $550K in 2010. Now in the same community similar houses are getting listed for $680 plus. Few weeks ago in the same community there was listing for 2db 2 bath same floor plan. I do not remember the listing price but it got sold for $628k. Seriously ??
I do not understand how come market turn around so fast. It's absolutely a financial suicide to buy a house now. Prices are highly inflated. There is VERY BIG bubble forming again.

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75   bg   @   2014 Jul 26, 3:53pm  

E-man says

Well, you missed it at $550k, at $650k, and now it's about $800k. That was an opportunity once in a lifetime.

If you are right, E-man, maybe it is true what realtors say. Maybe I have been priced out forever.

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