This just sold for $2,000,000 in the Bay Area

blueraincap said:
where on earth you can buy a real good house (with a pleasant view in a good community) for $1m these days. my dream to settle in one of those santa monica coast-side houses has long been shattered
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I paid $269,000 for a 4 bds 2.5 ba pool home centrally located in Tampa, FL 3 years ago. I am 10 minutes from an airport and there are plenty of well paying tech jobs close by. Home is currently worth 300k. Half a million would buy you plenty more home in an even nicer neighborhood. These high priced real estate markets are so over rated and not worth it unless you have substantial wealth or you work in a profession that really requires you to live there.
 
That photo is giving you the wrong view of the house. Look at it in google maps. It is at the epicenter of data mine of the world. All humanity's behavioral, financial, geneological etc. data is stored and analyzed by companies within 5 square miles of that house. In a decade, that house will sell for over $8 million.
 
I think the bigger question is - would you pay USD 2 million for a mediocre - at best - house in Santa Monica, or USD 2 million for a much better house in another place.
 
In Indianapolis, that house would run $70k-$90k, depending on interior details.

I think I know where Amazon is going to open that second HQ.

(Ooops. About the same thing could be said of ANY housing market outside of Bay-ville. Hrmph.)


(On further reflection...)
I think about $10.00 into this one would go a long way towards making the remaining $1,999,990.00 in the bank go realllllly far. (Maybe another tenner for a tetanus shot....)

iu
 
mlawson71 said:
I think the bigger question is - would you pay USD 2 million for a mediocre - at best - house in Santa Monica, or USD 2 million for a much better house in another place.
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Which is equivalent to whether you should buy a boring stock for 5x p/e (peak valuation 6-7x) or a tech name for 100x p/e. It is a philosophical question for money gamers like me
 
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