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	by vasilipupkin 3204 days ago
	No, you people don't get it. That house is on a large lot. You could knock it down, build a much bigger house for a 1 million and have a 4-5 million dollar house for 3.5 million. it's a good deal.

1 comments

I do get that, 2.5M for that plot is still a large amount of money.

The point is that even a 3.5M for the new house will be a lot, but by virtue of it's location and salaries at Apple it's justifiable

Here is a snapshot of sales of lots that are 10.000 to 20.000 sqft sold in the last 3 months:

2,5M, with respect to the existing market, doesn't appear to be out of the norm.

It's not a lot relative to Sunnyvale it's a lot relative to the US

The idea being Sunnyvale can justify that with salaries and the employers in the area

This is why everyone wants Amazon HQ2.