Back during the .com era, I got bored one day and looked up the cheapest house for sale in Cupertino. $300k got you what would have been a crack house in the RTP area - run down, no lot, chain-link fence to keep people out.
I just repeated this experiment - $500k for a 1-acre lot with a shack on it, or $925k for a 2 bedroom condo. Those prices are insane. Yet every time I think they're unsupportable - they go higher.
I just repeated this experiment - $500k for a 1-acre lot with a shack on it, or $925k for a 2 bedroom condo. Those prices are insane. Yet every time I think they're unsupportable - they go higher.