Reply Thu 11 Aug, 2016 02:24 pm
San Jose is the first major city where average home prices exceeds $1 million.
It's understandable when there's a limited supply in an area that's home to many top tech industry companies that calls it home.

I think Austin is also having similar problems.
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Reply Fri 12 Aug, 2016 12:08 pm
@cicerone imposter,
In 2014, the median price of a home in Boston (city-wide) was $450,000.

The median price in the Back Bay neighborhood of Boston was $7,375,000
(that's not a typo).

For Stoneham, it was $415,000. My little bungalow is well below that.
cicerone imposter
Reply Fri 12 Aug, 2016 12:12 pm
We paid $52,000 of our home in Sunnyvale, the Heart of Silicon Valley, in the mid seventies. It's now worth close to $2 mil. This area used to be cherry orchards. Who knew this area would become the high tech industry home to many of the big names like Apple. Apple is building their Campus 2 not one mile from where we live. It's saucer shaped, and will house 12,000 workers. We see the progress almost every day, because we drive by there regularly.
Reply Fri 12 Aug, 2016 12:16 pm
@cicerone imposter,
Yikes! Talk about appreciation!
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