Living in ‘Silicon Valley’ is interesting for many reasons, not the least of which is the zaniness of the housing market. Having grown up here in the 60’s and 70’s, I was oblivious to this phenomenon, thinking that it was normal. That is until I moved to Arizona for more than a decade and returned.
When we returned in 2014, we knew that we were in for a shock. When I moved away in 2003, the condo I bought in 1999 for $249K, sold easily for $350K, an amazing return on my investment. Continue reading →