[quote=XBoxBoy][quote=sdrealtor]30% appreciation year over year is pretty much in the tank and Im seeing a bunch showing closer to 40%.[/quote]
So my question is how much more appreciation before NCC is not cheaper than Silicon Valley and nice LA neighborhoods? Another 10%? 20% more? Even more than that?[/quote]
I’m no expert but I’d ballpark 100% as to SV, aka current prices in NCC are about 1/2 of comps in SV area. From what I have looked at and what my friends in Sunnyvale and Mountain View say. FWIW which may not be much.
More interesting to me is that the price spiking (generally) is not only a NCC thing, SD thing or CA thing but is national and occurring in many many metro areas at some level and also internationally in many places. This is not an importing of SV refugee issue, something much bigger is going on.
