Just to give you some idea of what a hot market that is highly inflated (if you ask me!) for housing sales… Check out these numbers….
Last year, 162 properties sold in the Bay Area for over $5 million.
AND In the 9 counties of the Bay Area, over 11,000 $1 million-plus properties were sold.
Now if you dont call that a sellers market… i dont know what is!
It does not surprise me though. If you want anything more that 2 bedrooms in San Francisco, you are looking at over 1 million dollars.
That is pretty crazy and ridiculous to me if you ask. I remember not very long ago, if you spent a half million dollars on a home, you were living LARGE. …But… that is back when being a millionaire was a big deal. Now i think you need to be a billionaire to really impress anyone these days.
So much for buying a house in my hometown in this lifetime! And… they wonder why people want or have to rent…? HELLO!! Some of us dont make a 7 figure salary… and never will. Thankfully, this is ok with me if this is our reality. As long as i have a roof over my head, running water and insulation, i am all good. That is as long as i am in my home of SF. even if it is too expensive for god! I am just going to enjoy it each day as it comes and hope that there are many before displacement is a reality for me too….