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

[mlawson71]

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

I like boring sometimes, boring is safe. But just sometimes.

 

[ElCubano]

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.

Shitty house with a great location any day of the year.

 

[mlawson71]

Shitty house with a great location any day of the year.

The thing is, there are a lot of good locations that aren't ridiculously overpriced.
I think I'd prefer something in the middle. A decent location with good access to infrastructure and a decent house.