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To: Regulator
A 3/2 ranch house built in 1955 in Sunnyvale selling for $2.1 million is a lot bigger.

And how does that ever get fixed? The current owner likely paid $1.5 mil, and if real estate prices ever scaled back to something realistic they'd all be plunged into bankruptcy.


6 posted on 05/03/2019 5:43:34 AM PDT by Buckeye McFrog
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To: Buckeye McFrog
"And how does that ever get fixed?"

It doesn't except through an extreme reset. Think civil war/revolution.

11 posted on 05/03/2019 6:36:52 AM PDT by Former Proud Canadian
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To: Buckeye McFrog

“And how does that ever get fixed? The current owner likely paid $1.5 mil, and if real estate prices ever scaled back to something realistic they’d all be plunged into bankruptcy. “

With a massive collapse. The jobs will leave, and with them the upper middle and upper class. Silicon Valley peaked, and is falling now. Remote workers are on the rise.

It’s not going to end well for CA.


29 posted on 05/03/2019 1:42:54 PM PDT by RinaseaofDs
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