Rolex Forums - Rolex Watch Forum - View Single Post - Here’s The Salary You Need To Afford A Home In 22 U.S. Cities

BravoOne · 21 May 2017, 03:58 AM

I built a 2 bedroom, 3200 sq ft home in Hillsborough CA (SFO Bay area) in 1979 for about 375,00. I see where the home recently sold for 3.8 million. That is insane but the HKG/TPE/PRC Chinese are willing to pay through the nose for these properties. I sold it in 1984 for around 650,000 and thought the buyers were crazy then.

There is a lot of high rise condo construction going on in down town SFO and buyers are mostly Chinese. They will buy 24 units in one building and live with other family members in three or four of the units leaving the others empty. Not a good deal for anyone that wants to live in the city.

21 May 2017, 03:58 AM	#41
BravoOne Banned Join Date: Apr 2016 Location: Henderson, NV Posts: 319	I built a 2 bedroom, 3200 sq ft home in Hillsborough CA (SFO Bay area) in 1979 for about 375,00. I see where the home recently sold for 3.8 million. That is insane but the HKG/TPE/PRC Chinese are willing to pay through the nose for these properties. I sold it in 1984 for around 650,000 and thought the buyers were crazy then. There is a lot of high rise condo construction going on in down town SFO and buyers are mostly Chinese. They will buy 24 units in one building and live with other family members in three or four of the units leaving the others empty. Not a good deal for anyone that wants to live in the city.