[quote=The-Shoveler]Funny I was in San Jose two weeks ago and my colleague was telling me that BlackStone was buying SFH on the open market in the area (Sunnyvale, san Jose, mountain view etc…) (there virtually are no distress sales there these days).
I thought that’s crazy, also I can tell you the start-up’s up there are going ballistic. I am seeing guy’s in their 50’s and working for large companies who have been there 10-15 years leave for start-up’s.
It’s crazy.[/quote]
WOW, if I could move NOW, I would start interviewing in SV for a great job if old people are actually being hired in SV!
After all, I’m not dead yet :=0
I’m wondering what Blackstone is really buying in Santa Clara County. I can’t in my wildest dreams imagine that it is SFRs. Even as high as the rents are there, the acquisition cost and taxes of only a modest SFR are very, very high there.
Could it be condos or row homes? Or could it actually be on the other side of the Dumbarton Bridge (Fremont) or around the east side along the Nimitz fwy to SJ.
I’ll believe it when I see it.
There are still plenty of SFR’s to buy up in BK’d Stockton.
