Less than a week. Silicon Valley moved into SF, the new startups are in Silicon Valley and SF. The instant millionaires are young, buying up all the RE regardless the price, going over the Bay Bridge, spreading into our area as we have the best schools. Needless to say, great news for us. The longer we stay, the higher the prices. 2500 sq. feet on a exit ramp next to a freeway entrance? 1.7 - 1.8 million? Now think of the homes like ours, high on a hill, in the trees, non profit homeowners association that takes care of any and all improvements and repair in our neighborhood, pool, tennis court, streets with no traffic other than people who live here. The millennials love it if any of us would move. They can take the local trains to SF and back home, much faster than the freeways. One did and receive $4m and the house needed work as the owners were retired for the last 15 years.
In Rancho Mirage, desert, our friends purchased their home 4000 sq home for 1.6m. The issue their is most are finance and 4-5 months a year then head back to coast. Nice place to be during the rain season but not a place to expect any profit and one buys the furniture with the house. It's very nice furniture as the people are celebs that come over from Los Angeles to San Diego and those of us in the Bay area escape the annual smoke of the fire season.
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