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we sold our home in the east foothills of san jose in July 0f 2004 and have rented ever since. At first we rented private homes but were forced to move twice because the owners wanted to sell. (both homes have foreclosed since new owners purchased in 05 and 07) We now rent an apartment and feel very fortunate and free. The home we sold in 04 also just foreclosed.
Bought in 2003, and sold in Jan, 2009. If the bidding was truely a confidential process then why was all three bids over asking in a market that was already falling. They were all basically the same bid, so definitely something funny was happening. Crazy people and realtards. I check every now and then to see if the new owners are going to resell or default. They would be down about 100K at this point. Sucks for them, but good timing for me. I bet the realtor got deleted from their speed dial.
I've rented ever since and will continue to rent until Patrick tells us he bought. ;)
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Did anyone sell their house 2005, 2006 or 2007 and then either (1) start renting or (2) significantly downsize their house? If you don't mind saying— How much did the house sell for? and what would it sell for now?