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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 7:52 am to Sarge
Posted on 11/19/17 at 7:52 am to Sarge
I do fee appraisals for residential and commercial properties in southern California. It is insane. My wife's grandfather bought a house in the 60s and it is now worth over $4 million because he put 4 apartments in the back yard of the house. POS houses get sold for well over asking price. A move in ready house is $1.25.
It's ridiculous and I am out of here in the next few years.
It's ridiculous and I am out of here in the next few years.
1
Posted on 11/19/17 at 7:57 am to El Segundo Guy
quote:
It's ridiculous and I am out of here in the next few years.
The thing about California is, for every person wanting to get out, there's more wanting to get in.
The market wouldn't be so hot if everybody wanted out, would it?
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