[dbcurtis]

In Sunnyvale, a two bedroom townhouse with two car garage, and a 30 foot by 12 foot back patio, in a complex that I was very, very happy to get out of (for various reasons) 16 years ago, is listed for $1.1M, but I would expect it to go over by $100-200K because supply is so tight right now.

Yeah, I'm catagory #4. Been here long enough to get on the escalator when it was possible, living in a modest house in a neighborhood I could never buy back into. And I understand what the money would do elsewhere, I moved here from Minneapolis/St. Paul area, and would be shopping for lakeshore if I moved back there.

Housing is broken. Sunnyvale is at least building new high-density housing, but not at a fast enough rate. Units are sold before the dirt has been scraped clean to start construction.