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re: San Fran deer stand sells for 1.2 mil
Posted on 3/27/15 at 10:51 pm to White Roach
Posted on 3/27/15 at 10:51 pm to White Roach
The overbidding thing is crazy, but it's not a new phenomenon. My sister and BIL bought a house in SF in 2000. I think it was listed at $550,000 and they paid around $800,000 for it. My BIL told me that their overbid (~250,000) was almost what his brother's 5 bedroom house in Raliegh, NC cost. It's crazy, but it's what the market demands.
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