Recently, two of my friends sold their homes. One sold a 3 bedrooms luxury town house for $759K, which he bought in 1998 with $400K. Another sold his 3 bedrooms single family home for $749K, which he bought in 1999 in $425K. Both make very good profit in 6~7 years. But my observation is, for people who want to live in a decent 3 bedrooms house, they need to pay around $750K in the valley nowadays. It is pretty tough for 1st time home buyer actually.One of them actually move back to an apartment. He thinks the housing price will go down. And taking his chance to shop for good deal. Well, he sold his house a few months ago. Ever since the housing price starts to go down. Perhaps he is right ...
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