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‘Overbid Madness’ Strikes San Francisco Real Estate Market

realpropertycheck.com May 4, 2014

‘Overbid Madness’ Strikes San Francisco Real Estate Market

Silicon Valley companies cause the San Francisco real estate market to go up.

Apple and Google use public bus stops to shuttle around their employees in San Francsico and elsewhere. It’s not just the fact that they use public bus stops, but most of all they are a sign of inflated real estate prices.

Realtors keep talking about an “overbid maddness” and cite an example where an elegant house in Bosworth sells for $600,000 above the asking price. In the Glen Park neighborhood a beautiful house even sold for mind-boggling $2.1 million.

Obviously, real estate follows the law of supply and demand. IT folks from Silicon Valley keep pushing prices up, up, up.

Filed Under: Buying Tagged With: Apple, featured, Google, Oakland, San Francisco

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bankruptcy building wealth in real estate commercial real estate contract for deed David Lindahl deed delinquent loans distressed properties Donald Trump double-dip Fannie Mae featured FHA financial regulation foreclosure foreclosures Frank-Dodd bill Freddie Mac HAMP HARP HOA home prices house rules keeping records lease option lien loan modifications mortgage mortgage originator no-docs loans notice of default prohibition of steering incentives real estate developers real estate investing Rent to Own REO residential robo-signing Robo Gate seller financing setting the price title insurance unsold inventory wraparound mortgage Zillow

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