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Oakland real estate prices surge for a second year
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2014 Jul 18, 4:45am 2,977 views 10 comments
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siklidkid
2014 Jul 18, 6:30am
That's a big move.
From the article:
"By contrast, San Francisco and Berkeley saw tremendous growth at the upper end of their price ranges, with San Francisco’s priciest zip code topping $3 million and home prices increasing by 133 percent in another high-end neighborhood."
You guys probably already know this stuff but WTF, thats insane. Doesn't seems healthy, how is that sustainable?
Maga_Chaos_Monkey
2014 Jul 18, 6:41am
@siklidkid: Is that a picture of a Tangerine Tiger? That was one of my favorites... Hard to find...
siklidkid
2014 Jul 18, 6:52am
@siklidkid: Is that a picture of a Tangerine Tiger? That was one of my favorites... Hard to find...
Not sure. A Peacock of some type... Im into Mbunas :)
A lot of this is investor + all-cash action. Oakland still has some worthwhile investment properties, and when I looked at the stats earlier this year, it had the lowest DOM in the country due to a lot of cash closings.
I believe the story you'll get from realtors is probably overflow from SF being so expensive (even though that's a non-obvious perpetual truism) and hipster blah-blah, but I'm not buying it. My friends who want to live in Oakland live in Oakland, and my friends who want to live in SF live in SF. If they really want to save money, they'll live somewhere else.
HydroCabron
2014 Jul 18, 8:09am
Platinum-shitting gay Chindian alien billionaires, flush with cash from the grotesque profits they have made on Stockton real estate, are seeking safe haven in Oakland.
HydroCabron
2014 Jul 18, 8:14am
Oakland - we bring the ukranian skies near you....
Why not fly Bank of America over the Ukraine, as many times as it takes?
siklidkid
2014 Jul 18, 8:46am
Oakland - we bring the ukranian skies near you....
Why not fly Bank of America over the Ukraine, as many times as it takes?
I have a BUK missile system in my backyard, send em my way...
j/k NSA
Maga_Chaos_Monkey
2014 Jul 18, 9:53am
@siklidkid: Is that a picture of a Tangerine Tiger? That was one of my favorites... Hard to find...
Not sure. A Peacock of some type... Im into Mbunas :)
I'm pretty sure it is as mine looked identical to your picture. Such a good looking fish I named it sushi. But I'm off topic...
http://oaklandlocal.com/2014/06/oakland-real-estate-prices-surge-for-a-second-year-still-below-2007-peak/
#housing