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re: The house that sold for $800K over asking price speaks to the inequity of California
Posted on 11/19/17 at 7:43 am to Isabelle81
Posted on 11/19/17 at 7:43 am to Isabelle81
quote:
That house is atrocious. Looks to be worth about $80K. Don’t care what the location is.
Then you're ignorant of market forces, I guess. It's worth every bit that to someone, who'll raze it and put up something much nicer. There's some stupid money being made there.
2
Posted on 11/19/17 at 7:54 am to Sayre
quote:
, I guess. It's worth every bit that to someone, who'll raze it and put up something much nicer.
I was about to post that the buyer likely just wants the lot to build on.
Posted on 11/19/17 at 8:00 am to Sayre
quote:
Then you're ignorant of market forces, I guess. It's worth every bit that to someone, who'll raze it and put up something much nicer. There's some stupid money being made there.
I don’t think he’s ignorant of market forces, I think he’s pointing out that something is definitely out of whack here.
I get that it’s close to Apple, but It’s nearly two and a half million for a dated, single family in need of renovation. Even if you want the lot, it can’t be anymore than 10K sq ft. In a suburb. And someone just paid almost $2.5MM for that?
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