re: Check out this Sunnyvale, Ca. beauty that sold for $2m

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would love to know how bad the buyer wanted to live in that town, that they were willing to buy that house for that price.

I’m literally laughing thinking about the crap that went through that persons head to talk themselves into that BS

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It's possible that they were an international buyer that didn't even see the house. There has been a ton of Chinese buyers that "invest" in real estate here in the hot US markets. They basically pick an area where they like the long term prospects, then throw around cash with no regards to if they are getting a good deal currently or not. They don't care because they're usually just trying to hide their money over here. They trust US real estate more than the Chinese government. It's what made Vancouver, BC the most expensive real estate market in North America.

They did this in West Bellevue over the past couple of years and made the prices shoot through the roof. They buy homes sight unseen. The problem is they way overbid for places which destroy the comps of nearby properties and make everything around what they just purchased sell for much higher. I've seen it multiple times recently. Prices in West Bellevue went up 92.9% in one year. The median price went from $1.41 million in January 2017 to $2.72 million in January 2018.